The forecast for tax revenue the UK Treasury will take from oil and gas in the future has been slashed by the Office for Budget Responsibility (OBR).
Energy Transition Zone
Rishi Sunak is expected to give north-east energy firms a £30-million-plus boost at Wednesday’s Budget.
Sir Ian Wood and BP CEO Bernard Looney have been announced as members of the new UK Government "Build Back Better" Council.
Sir Ian Wood said yesterday that the Committee on Climate Change’s new roadmap for hitting net-zero over the next three decades underlined the need for an Energy Transition Zone in Aberdeen.
The Scottish Government is being pushed to offer “direct financial support” to the troubled Aberdeen Harbour expansion project.
The prime minister and first minister have both been urged to announce cash to bolster the north-east energy industry.
A leading analyst has described it as “disappointing” that the Chancellor that put a vital net zero technology lower down his list of priorities than repairing potholes.
Oil and gas doyen Sir Ian Wood has urged the public and private sectors to work collectively and quickly to ensure “meaningful progress” is made while responding to the climate change emergency.
About 70 acres of green space, industrial estates and more in Aberdeen could be transformed into the city’s first dedicated “energy transition zone” (ETZ), which oil tycoon Sir Ian Wood believes could be key to securing “unparalleled potential for the future of our local economy”.
Construction and supply boats in the North Sea helped to increase vessel numbers at Aberdeen Harbour last year.
Potential for ‘thousands’ of jobs as Sir Ian Wood unveils plans for Aberdeen ‘Energy Transition Zone’
Sir Ian Wood has unveiled ambitious plans to help the north-east economy capitalise on the energy transition, potentially creating “thousands” of jobs in the process.