"The North Sea's workers and communities have helped power our country and our world for decades. This is our plan to ensure they continue to do so for many decades to come."
"Oil and gas production has driven both the climate and energy price crises, leaving us all paying through the nose while fossil fuel companies have pocketed billions. But the winds are changing. The future of Britain's energy is and needs to be clean, stable, homegrown renewables not expensive, volatile, climate-wrecking fossil fuels. However, the current plan and the cash to support North Sea workers doesn't go far enough. It's vital they are at the heart of Britain's transition to a clean-energy superpower, not left behind by it but a 20"
The government ruled out new North Sea oil and gas exploration and declined to lower taxes for fossil fuel companies. New licences to explore new fields will be banned while existing tax rates will be retained. New offshore projects will be permitted only if they are tie-backs linked to existing fields. The approach aims to protect thousands of North Sea jobs while meeting the UK's climate commitments and managing the region's remaining lifespan. Keeping the windfall tax in place is described as support for the shift to clean, homegrown renewables while calling for stronger worker support.
Read at www.theguardian.com
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