OIL and gas companies are failing to invest in renewable energy in the North Sea, a new report suggests, with a warning of “serious implications” for workers and communities reliant on the industry.
The UK is looking to reach net zero carbon by 2050, and under the North Sea Transition Deal has committed to working with the sector “to deliver the skills, innovation and new infrastructure required to decarbonise North Sea production”.
However, analysis by the climate group Uplift found that 74% of North Sea oil and gas companies plan to invest solely in fossil fuels between now and 2030, with 12 of 87 companies active in the basin not planning to invest anything at all. https://www.heraldscotland.com/news/24618103.serious-implications-companies-fail-invest-north-sea/?fbclid=IwY2xjawFonIlleHRuA2FlbQIxMQABHd7wYzXwJz-EWnSlbDAnFCYAatvM4d3_OfpSl3o6dKHB85VAHHhEnXn08g_aem_YMQKMtGHif77FEyTJz5alA
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