Commenting on the OGA’s announcement that it has signalled its intention to refresh its core aim, including a requirement for industry to help the government achieve the target of Net Zero greenhouse gas emissions by 2050 –
Mike Tholen, OGUK’s sustainability director, said:
“The UK oil and gas industry was one of the first industrial sectors to set out credible plans to support the UK and Scottish Government net zero emissions ambitions with the launch of Roadmap 2035 in September 2019: a blueprint for net zero. Substantial progress has been achieved over the past year to provide both industry and economy-wide solutions towards reducing emissions and we have been working with our members to set out challenging targets and deadlines to achieve this. Among the initiatives under way are projects to improve energy efficiency and optimisation of offshore operations plus opportunities to use renewable energy sources or connection to onshore power grid or neighbouring wind developments.
It will need joint action between government and industry to accelerate progress to the next stage where our sector is in a unique position to lead in the development of Carbon Capture Usage and Storage and ensuring a healthy oil and gas industry allows us build a strong base from which to build capacity and skills for energy sources of the future. ”