UK Vows To Protect North Sea Oil Jobs ...Middle East

OILPRICE - Economy
UK Vows To Protect North Sea Oil Jobs
source : OILPRICE ( Middle East ) () 19
The UK government has vowed to protect up to 40,000 oil and gas jobs in the North Sea during the country’s transition to a net-zero economy, which will involve shrinking oil and gas production. The oil and gas industry has, in turn, vowed to reduce emissions from its activities by 10 percent over the next five years and by 25 percent by 2027. By 2030, emissions should be reduced by 50 percent. This will involve an investment of some $22 billion (16 billion pounds), which will be shared by the industry and the government. The investment will…

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