A leading trade body is calling on governments across the UK to commit to specific renewables deployment targets ahead of a landmark climate conference later this year.
With Covid-19 continuing to impact the profitability of the supermajors, Ano Kuhanathan, sector advisor at trade credit insurer, Euler Hermes, argues that now is the time for the supermajors/Big Oil to start spinning off their renewables divisions.
Port of Nigg could be in line to receive government funding to allow it to manufacture turbines for what will be the world’s largest offshore wind farm, according to a news report.
An industry chief is optimistic that government policies axing support for fossil-fuel-related export activity still give scope for the oil sector to “have its cake and eat it”.
The UK energy minister said the government is endeavouring to strike a “careful balance” between achieving net zero while preserving North Sea oil sector skills and security of supply.
On 10 February 2021 the UK Government published a consultation paper seeking views on an approach to sequencing the deployment of carbon capture, usage, and storage (CCUS) clusters.
The Government must earmark £10 billion for 250,000 green apprenticeships over the next three years to minimise the long-term economic damage of the coronavirus pandemic, an environmental group says.
“I’m really not that interested in creating a glossy report. What I want is solid concept engineering; here is a tool that allows industrial sites to look at the options and start this journey to decarbonisation.”