UK ministers are considering a ban on new oil exploration licenses in the North Sea as a move away from fossil fuels, a step that could hit jobs and the Scottish economy, the Telegraph reported.
Sojitz, a major Japanese trading house, has announced it will accelerate its exit from thermal coal by halving its investments in projects by 2025 and eliminating them entirely by 2030.
Thinking back to her early days as an engineer from Peterhead, Dawn Summers feels a “heavy obligation” to help bolster diversity and inclusion in oil and gas, particularly with young women.
BP, Shell, and Acciona are amongst major players who have launched green hydrogen projects of varying sizes, with the technology proving to be an effective net zero solution. The challenge is, however, how can we produce hydrogen at scale?
Elon Musk has said he’s putting $100million up for grabs to the best carbon capture and storage (CCS) tech – and Scottish firms are being told to go for it.
North Sea minnow Zennor Petroleum claims to have become one of the first UK operators to go “carbon neutral” as first gas from its flagship Finlaggan field beckons.
A new programme aimed at helping domestic supply chain firms benefit from Scotland’s burgeoning offshore wind sector could deliver significant employment opportunities for the north-east.
Industry bodies have rallied to defend carbon capture and storage (CCS) after a report claimed it wouldn’t be able to deliver the emissions reductions needed in the coming years.
The International Energy Agency (IEA) has announced plans to produce the “world’s first comprehensive roadmap” setting out how to reach net zero emissions by 2050.
Three years after some of the world’s biggest investors joined forces to pressure the largest producers of greenhouse gases to cut emissions, about half of them have made net-zero commitments.
Japan will aim to more than quadruple offshore wind generation capacity in the decade to 2040 under plans to meet its mid-century emissions reduction target.
The Scottish Government has been praised for “raising the stakes” in the fight against climate change after it published updated proposals to slash carbon emissions.
As we endure these challenging times, the climate emergency persists, and the planet continues to be threatened. Without a strong and stable economy, the funds to invest in a greener, cleaner future simply won’t be there. Even with the fall in carbon emissions, our modelling shows that the pandemic will only reduce demand through to 2050 by 8%.1
By Neil Bruce, partner, and Neil Smith, partner, Burness Paull
As one of the most unusual years in all of our lives draws towards a close, we have been asked to share a few reflections on the effects felt in the energy sector.