Net zero strategy and low carbon skills crucial for oil and gas decarbonisation

Reacting to the North Sea Deal, Nick Molho, Executive Director of the Aldersgate Group said: “This North Sea Deal recognises the importance of helping all key economic sectors and their workforce transition towards net zero emissions and is therefore an important step forward. With the right policy framework and low carbon skills strategy, the move to net zero emissions can create significant employment opportunities for the UK’s oil and gas workforce, whose skills will much needed in contributing to the huge infrastructure deployment challenge facing the UK in areas such as marine renewable energy, carbon capture and hydrogen. Putting in place a detailed net zero strategy in the near future will be key to ensuring that the transition to net zero emissions can occur in a timely fashion and in a way that delivers economic and social benefits to the UK.”

Nick Molho added: “Tackling the net zero emissions challenge in a way that is credible and effective requires the UK’s domestic and global climate policy to be consistent. We strongly welcome the UK’s commitment to stop funding fossil-fuel projects overseas and would call on any exceptions to be strictly limited, based on transparent and very tightly defined criteria.”