A new “roadmap” being unveiled today has set out the UK oil and gas industry’s ambition to transform the North Sea into a basin with net-zero emissions.
The plan, launched at Offshore Europe in Aberdeen, shows how the sector can thrive without compromising the UK’s new, legally-binding commitment to achieve net-zero greenhouse gas (GHG) emissions by 2050.
Targets have also been set for oil and gas production, exports, employment and technology in the document, which is the result of a consultation with 2,500 people across the sector.
Oil and Gas UK (OGUK) chief executive Deirdre Michie said the roadmap was “one of the first industrial responses” to the UK Government’s new goals, and showed “an industry in action with a credible plan”.
Ms Michie insisted the sector was ready for the “huge challenge” of providing reliable energy, while playing a “major role” in the country’s net-zero emissions crusade.