The UK government’s energy security secretary, Grant Shapps, has said that granting “every single conceivable licence to the North Sea” would be within the country’s net zero targets.
The Green Party MP Caroline Lucas has claimed the electrification of the proposed Rosebank oil field from the Viking windfarm would harm energy security.
Wood (LON: WG) has expanded its hydrocarbons business while reducing its work in renewables following a £430m government-backed “green transition loan”.
An energy minister was met with laughter from the opposition benches when he told the Commons the rest of the world is "playing catch-up" with the UK when it comes to net zero.
The UK Gov announcement - currently slated to take place in Aberdeen, though that could change - is expected to include plans on CCS and the windfall tax.
Chancellor Jeremy Hunt’s Spring Budget focussed heavily on getting people into work, however, glossing over the issue of IR35 reforms “smacks of irony”.
Westminster’s intervention in the electricity market risks “mothballing a series of multi-billion pound” green energy projects, a major investor has warned.
An innovation expert has welcomed a move to up the incentive for big business to spend on R&D, saying it could be a boon in the UK’s quest to be a leader in the energy transition.