The oil and gas sector is one of this country’s great industrial success stories — a vital energy supplier, having produced some 43 billion barrels of oil and contributing an enormous £330 billion to the UK economy.
MPs should be given a vote over the Hinkley Point nuclear power station so those who support it can be “named and shamed”, Alex Salmond has said.
The decision to leave the EU is a body blow for the British steel industry and the new prime minister must do more to protect it, an MP has warned.
The North Sea oil and gas industry is “drowning in a tsunami of supply”, a Conservative MP warned today.
An Aberdeen MP has locked horns with a Labour shadow minister after he compared the oil and gas industry regulator to an “insolvency practitioner”.
Prime Ministers Questions this week may have been one of the most frustrating sessions ever witnessed by myself and others with ties to the North Sea oil and gas industry. Even when questioned and criticised by MPs in his own party, the Prime Minister has shown a complete disdain and disrespect for an industry which has been politely and urgently asking for his help and the assistance of his government, in coalition or otherwise, for well over a year now.
One of the buzz phrases that’s going around just now is ‘lower for longer’.
The Church of England should “put aside the Greenpeace manuals” and invest in fossil fuels, a Tory MP has said. Climate change sceptic David TC Davies (Monmouth) told Church commissioners to look at the Bible’s Parable of the Talents, which is about making wise investments.
Former first minister Alex Salmond unleashed a scathing attack on “three-time loser” Donald Trump last night, accusing him of damaging the Scottish economy. The Gordon MP condemned his “treatment of Scotland”, which he said would prompt Scottish Americans to join the “ever-growing list of people alienated” by the businessman. The Trump Organisation was quick to retaliate, branding Mr Salmond a “has-been and totally irrelevant”.
An MP whose constituency has a decision date on a fracking application looming self-funded a trip to the US in a bid to find out more about the production method. Thirsk and Malton MP Kevin Hollinrake flew out to the state of Pennsylvania for a week to meet with industry leaders, regulators and academics. The decision to go on the fact-finding mission was prompted by fracking applications in his own area.
Companies which own petrol stations should be hit with a windfall tax unless they pass on deep drops in oil prices to British drivers through cheaper fuel, a Tory MP has said. Nigel Evans said fuel industry firms not lowering their prices to £1 a litre should be shamed by MPs and then hit with a tax on their profits as the cost of crude oil tumbles. Mr Evans’ call comes after Sainsbury’s boss Mike Coupe predicted fuel prices would fall below £1 a litre as Brent crude was being traded at below 50 US dollars a barrel for the first time since 2009.