Oil and gas transition plan continues amid U.K. election

As Britain’s political parties court voters ahead of the coming federal election with pledges to increase energy security and cut bills, the country’s offshore oil and gas sector will continue to decarbonize under the North Sea Transition Deal, no matter who wins power.

“It’s combination of commitments for the sector to do – and for government to do,” she said in a recent interview from the OEUK offices in Aberdeen, Scotland. Various industry groups oversee the deal to ensure the sector makes progress, and a larger steering group keeps the broader net-zero goal in focus at all times.

“I think that it would be a very useful thing for Canada and Canadian provinces to have something along those lines,” he said.

Source: Financial Digest (financialdigest.net)

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