Campaigners have accused the UK’s oil and gas industry of “falling well short” of what is needed to meaningfully reduce emissions in its blueprint for net zero emissions released today. Based on engagement with 2,500 industry stakeholders, industry body Oil and Gas UK (OGUK) today released an economic report setting out how its sees the industry operating in a net zero emissions UK. Building on pledges yesterday to establish the UK Continental Shelf as the world’s first net zero oil and gas basin, the blueprint includes plans for the industry to support the development of carbon capture, use and storage (CCUS) and encourage companies to diversify their energy sources into renewables. “Roadmap 2035 shows an industry in action with a credible plan for the future, “said OGUK chief executive Deirdre Michie. “While we don’t have all the answers to the big challenges we face, we have started work on what we know can be done.” However, OGUK’s report draws on analysis from the International Energy Agency to repeatedly insist that oil and gas will be needed in the UK for decades to come. It also notes that the Committee on Climate Change forecasts the UK will still consume around 65 million tonnes of oil equivalent per year – approximately 45 per cent of current demand – in 2050, making carbon capture and development of hydrogen essential.
Business Green 4th Sept 2019 read more »
North Sea oil and gas platforms could draw power from offshore wind farms, under the industry’s plans to reduce its carbon emissions. Oil & Gas UK said that generating power by burning gas or diesel accounted for most of the direct carbon footprint of its operations. This could be improved by connecting rigs and platforms to the onshore electricity grid or to offshore renewable energy sources. However, the trade body insisted it was not accountable for the far greater emissions generated by customers actually using the fossil fuels it produces, saying that was a matter “for all of society to tackle collectively”.
The Times 4th Sept 2019 read more »