Scotland will seek to maximise the opportunities from energy policies pursued by Westminster, First Minister John Swinney vowed as he met key UK Government figures in the sector.
UK energy minister Michael Shanks has urged North Sea investors to "look beyond" the government's proposed windfall tax, despite warnings the oil and gas sector is "under threat".
Opposition parties criticised the lack of detail contained within Labour’s GB Energy bill as energy secretary Ed Miliband introduced it for its second reading in Westminster today.
In one of the first pieces of legislation to be introduced by the new UK Government, the Great British Energy Bill (“Bill”) was introduced on 25 July 2024 with the purpose of establishing a new public company, Great British Energy (“GB Energy”), to drive the transition to clean power by 2030.
Aberdeen councillors, including Labour members, have unanimously backed a motion agreeing the UK government's windfall tax policy puts jobs and a just transition at risk.
Great British Energy will be a publicly-owned energy company, designed to drive clean energy deployment, boost energy independence, create jobs and ensure UK taxpayers, billpayers and communities reap the benefits of clean, secure, home-grown energy.
ScottishPower’s boss has said he hopes to double the firm’s investments in UK energy projects to as much as £24 billion if Labour’s policy changes pay off.
By Professor Paul de Leeuw, Director of Robert Gordon University’s Energy Transition Institute
In the same week as the Paris Olympics will officially start, the UK Government launched GB Energy, the public energy company focused on advancing and delivering the UK’s clean energy ambitions.
An Aberdeen Labour councillor said the "negativity" of local business leaders will be to blame if his party does not select the Granite City as the headquarters for GB Energy.
Sir Keir Starmer has warned it will “take time” to reap the benefits of clean power initiatives but stood by a claim that Labour’s plans will eventually drive down household bills by £300 a year amid confusion over the commitment.
Great British Energy will allow Scotland to “lead the clean energy revolution”, Sir Keir Starmer said as further details about the publicly-owned company are set to be announced.
With Prime Minister Keir Starmer hosting EU leaders last week, all eyes are on the relationship between the UK’s new government and its European neighbours. While there will be a lot to discuss, from security to the economy, it is important that there is clarity on the UK’s collaboration with Europe in terms of the energy transition and security.