The offshore oil and gasoline business in the UK has released a report outlining its plans to assist the UK and Scottish authorities meet net-zero ambitions.
It’s a part of an bold blueprint exhibiting what the sector might appear like in future, in line with Oil & Fuel UK, the sector’s upstream group.
The roadmap, constructed on engagement with over 2,500 business stakeholders, is likely one of the first main industrial responses to authorities plans to cut back or offset carbon emissions to internet zero by 2050 within the UK and 2045 in Scotland.
Oil and gasoline stays key to the UK’s economic system, the report says. 75 p.c of the UK’s present vitality wants are met from oil and gasoline, with simply over half (59 p.c) of oil and gasoline demand met by home manufacturing. Forecasts anticipate the UK will nonetheless eat round 65 million tonnes of oil equal per yr (roughly 45 p.c of present demand) in 2050, making carbon seize and growth of hydrogen important.
Roadmap to 2035: A Blueprint for net-zero units out 5 key themes requiring business, authorities and regulator…