The UK government has initiated a consultation process regarding the future of the North Sea's energy sector, coinciding with plans to eliminate the windfall tax on oil and gas companies by 2030. This initiative, led by the Department for Energy Security and Net Zero, will engage various stakeholders, including trade unions, businesses, and environmental groups, for about two months. The aim is to develop a strategy that incorporates new technologies while ensuring that the energy sector remains competitive and supports jobs amidst ongoing high energy prices.
The North Sea will be at the heart of Britain's energy future. For decades, its workers, businesses and communities have helped power our country and our world.
Today's consultations highlight the Government's commitment to a managed transition. Success hinges on our collaboration with communities, workers and businesses to develop a practical plan.
We are committed to working together with the sector on the future of the North Sea by providing the stability they need to keep investing and supporting jobs.
This consultation is about a dialogue with North Sea communities to develop a plan that enables us to take advantage of the tremendous opportunities of the years ahead.
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