Countryfile spoke with industry representatives and campaigners as it examined how the oil and gas sector – and the wider north east region – is responding to the UK’s energy transition.
More than £200 billion of UK energy investments, including low carbon solutions, are “at risk” due to the windfall tax, the North Sea trade body has warned.
Deirdre Michie, chief executive of Offshore Energies UK (OEUK), has temporarily stood back from the role after being diagnosed with a medical condition.
Last month, Chancellor Rishi Sunak flew into the Granite City - home of the UK’s offshore energy industry. He was there to listen directly to the concerns put forward by industry leaders on the Government’s proposed energy profits levy.
By Deirdre Michie, chief executive, Offshore Energies UK
The Chancellor’s Energy Profits Levy, announced yesterday, is a disappointing and worrying development for industry. The shockwaves will undoubtedly be felt in offshore energy jobs and communities for years to come.
A windfall tax, reportedly due to be announced today, risks “destabilising” a planned £200bn of investment in the UK energy system this decade, the industry trade body has warned.
Harbour Energy chief executive Linda Cook joined industry heads in calling for a “stable” tax environment, and warned of the potential consequences for future North Sea investment should a windfall levy be imposed.
Billions of pounds of investments marked for UK net zero infrastructure could be diverted if politicians keep threatening to impose windfall taxes, the head of the offshore sector's trade body will tell conference attendees next week.
The chief executive of Harbour Energy and the head of the recently-rebranded North Sea Transition Authority will headline a major industry conference next month.
The UK’s bus and lorry fleets, plus many homes, could be running on low carbon hydrogen within two decades thanks to green technologies now being pioneered in three UK regions renowned until now for their carbon-intensive industries.
The chief executive of Oil and Gas UK (OGUK) has hit back at what she described as a “simplified but really polarised debate” that the industry found itself at the heart of during the COP26 climate summit.