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North Sea Energy 2025-03-06

06 March 2025

Lead MP

The Minister for Industry Sarah Jones

Debate Type

Ministerial Statement

Tags

EmploymentClimate
Other Contributors: 26

At a Glance

The Minister for Industry Sarah Jones raised concerns about north sea energy 2025-03-06 in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Government Statement

EmploymentClimate
Government Statement
Yesterday, we launched a consultation on our plans to strengthen north-east Scotland’s status as the energy capital of the UK and demonstrate global leadership in transitioning to clean energy. Over the past decade, oil and gas production has declined by 72%, leading to a loss of around one-third of its direct workforce. We are consulting on not issuing new licences for oil and gas exploration while ensuring existing fields continue operation throughout their lifespan. The Treasury is setting out plans for managing future spikes in oil and gas prices post-2030, providing fiscal certainty for the sector. Additionally, we have established Great British Energy in Aberdeen to drive clean energy projects, improved offshore wind auctions with a new industry bonus, overseen record-breaking renewables auctions, kick-started carbon capture and hydrogen industries, and awarded £55 million for port upgrades. Our clean power action plan aims to drive £40 billion annually of investment towards our goal of transitioning fully to clean power by 2030, creating tens of thousands of new jobs.

Shadow Comment

Andrew Bowie
Shadow Comment
The Government's consultation is a joke and represents their ignorance of the oil and gas industry. The energy profits levy remains high due to Labour's policies, causing investment to dry up and work to be paused. High-paying jobs in renewables do not yet exist in the north-east of Scotland, leading workers to seek opportunities abroad. This policy will cost our economy £24 billion in lost tax revenue and capital investment. Moreover, it increases reliance on foreign imports and carbon emissions from liquefied natural gas imported from the USA or Norway.
Assessment & feedback
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