Windfall Tax Reforms Crucial for North Sea Oil Industry

Windfall Tax Reforms Crucial for North Sea Oil Industry

The UK Government should avoid accelerating the decline of North Sea oil and gas production through policies, as job losses amid the decline in Scotland’s oil and gas industry currently exceed jobs created by clean energy, the UK Parliament’s Scottish Affairs Committee said in a new report on Friday.  The report, which is the first part of the committee’s inquiry into GB Energy and the net zero transition, warns that until clean energy jobs can …

MPs warn clean energy jobs not being created at the pace or scale needed to match North Sea oil and gas decline

Today's report from Westminster's Scottish Affairs Committee warns that job losses from the North Sea oil and gas industry's decline currently outstrip jobs created by the scale-up of the clean energy industry. The committee's report on the future of Scotland's oil and gas industry is the conclusion of the first part of its inquiry into GB Energy and the net zero transition.