New investment in the energy transition can be a “crucial pathway” out of the latest downturn for North Sea firms, according to the head of the Oil and Gas Authority (OGA).
BP Plc is expanding its team working on carbon capture and storage projects as part of its ambition to zero out net greenhouse-gas emissions by 2050.
We could be forgiven for thinking that the transition to sustainable energy has been achieved. In 2014, renewables generated 49.9% of Scotland’s electricity output, and 59.4% in 2015. On 7 August this year, renewable power provided more electricity than Scotland needed [2] and, in the third quarter, it produced 26% of the entire UK’s needs.