The UK government’s energy security secretary, Grant Shapps, has said that granting “every single conceivable licence to the North Sea” would be within the country’s net zero targets.
The taxpayer-owned company would be created to build jobs and supply chains, together with a National Wealth Fund to invest alongside the private sector
Scottish Labour leader Anas Sarwar says the party would honour any new oil and gas licences granted in the near future, including for the controversial Rosebank field.
The UK Gov announcement - currently slated to take place in Aberdeen, though that could change - is expected to include plans on CCS and the windfall tax.
Ahead of a skills summit in Aberdeen this week, employment experts have assessed why Scotland and the wider UK has woes around attracting enough workers in renewable energy.
The GMB Union has posed questions to Labour on its UK energy policy, including the message for thousands of offshore workers in Aberdeen and north-east England who would be impacted.
Labour has proposed extending Britain’s windfall tax on oil and gas companies, saying the proceeds should be used to fund a total freeze on energy bills over the winter.