In its advice to government, the UK's Climate Change Committee (CCC) said it supports ‘stringent’ tests on North Sea licensing as part of proposed climate compatibility checkpoints, but stopped short of recommending an end to exploration.
That’s what we are all asking as we approach the New Year. We are all hoping that the advent of vaccines will mean 2021 is more “normal” than 2020. However, the pandemic has also coincided with, and possibly accelerated, a more fundamental change in our society – our response to the climate crisis, so the new “normal” will be different to the old “normal”.
North Sea oil and gas firms are being warned they will need to become “wholly different” if they want to retain their position in the structure of the UK’s economy.