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Energy Update
31 March 2022
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
At a Glance
Issue Summary
The minister is addressing the renaming of the Oil and Gas Authority to the North Sea Transition Authority and its role in supporting the UK's energy transition.
Action Requested
The government supports the name change, reflecting the authority's broader responsibilities in transitioning towards net zero emissions. The minister plans to update the House on progress implementing the North Sea Transition Deal at a later date.
Key Facts
- Oil and gas meet around 75% of the UK’s energy demand.
- The North Sea Transition Authority supports reducing industry emissions and ensuring energy security.
- Since 2010, the oil and gas sector has paid over £30 billion in tax.
- The sector supports approximately 118,000 jobs across the UK.
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Assessment & feedback
Summary accuracy