Just a few weeks ago, the UK’s Energy Transitions Commission stated: “Rapidly scaling sustainable, diversified, and resilient clean energy supply chains is key to achieving net-zero targets on-time and at as low a cost as possible”.
The UK’s net zero ‘target’ is more than aspirational – the Secretary of State is subject to a legal duty to ensure that the UK reaches net zero by 2050.
Rishi Sunak said he would delay or abandon environment policies if they led to direct costs on consumers, as senior Conservatives pressure his UK government to rethink its strategy following elections last week.
Former Revolut Ltd. employees are launching Britain’s first energy supplier in two years, a sign that a more stable market is helping new companies make inroads in the industry.
Regulation of safety in the energy sector is uniquely challenging in high-hazard environments, particularly with increasing pressures to innovate to achieve the transition to net zero and provide energy security.
The UK’s Climate Change Committee published its report on the impacts of net zero on the workforce last week, but the energy sector is already acutely aware of the challenges the energy transition poses to its future prosperity.
A crunch on the ability of firms to find skills for oil and gas and renewable energy are a “significant threat,” Aberdeen business leaders have warned.
By Graham Carberry, Managing Director at Arrowpoint Advisory
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Energy was one of the fastest growing segments within 2022’s record global M&A market, rising an impressive 25% from the year prior, according to the latest Arrowpoint Advisory data.
By By Michael Diamond, Managing Director Scotland, Norman Broadbent Group
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Aberdeen’s ongoing transition of decarbonising the oil and gas industry and investing in the development of sustainable green energies has the potential to inject new life into the city, restoring its position on the world stage as an economic powerhouse.
In the second episode of Season 2 of the Gigawaters podcast, Sustainable Growth Voice editor Felicia Jackson and guests discuss what is needed to create an enabling environment for a future that is economically, environmentally and socially sustainable.
A survey, commissioned by OEUK and carried out by YouGov, found that nearly three-quarters of MPs believe the UK’s net zero goals can only be achieved through collaboration with the oil and gas sector.
UN secretary-general Antonio Guterres has bluntly challenged the climate efforts of President Joe Biden and other world leaders in a message for a White House summit.
Analysts at Wood Mackenzie have warned oil and gas firms to avoid "protecting the status quo" as they balance shareholder demands and low carbon guidelines.
Orkney Harbours have a plan to play a leading role in the drive to net zero. They have an enviable position in the north of Scotland where the surrounding seas contain huge potential for wind, wave and tidal power.