OEUK news

APPG Westminster Summer Reception champions the value of industry

21 June 2022

(left to right) Rt Hon Greg Hands MP, Minister of State for Business, Energy and Industrial Strategy, Deirdre Michie OBE, Mr Peter Aldous MP

Offshore Energies UK, the leading trade body for the UK’s integrating offshore energies industry, held an All-Party Parliamentary Group Summer Reception yesterday evening (Monday 20 June) at the Houses of Parliament in Westminster to champion the value of industry.

The event, hosted by Mr Peter Aldous MP, Chair of the Offshore Oil and Gas APPG, brought together stakeholders from all parties and from both chambers to discuss the value of industry and its importance to energy security, jobs and the economy.

The event included speeches from Mr Peter Aldous MP, Deirdre Michie OBE, CEO, OEUK, and Rt Hon Greg Hands MP, Minister of State for Business, Energy and Industrial Strategy.

In her speech, Ms Michie said that the recently confirmed Windfall Tax could ‘undermine and disrupt’ the sector’s investment potential, and it came just at a time when the UK needs to ‘focus on long-term issues like energy security and working for net zero.’

Commenting, OEUK chief executive Deirdre Michie OBE said:

“I’d like to thank Minister Greg Hands and Peter Aldous MP for hosting the APPG Parliamentary Reception last night. The breadth of debate with stakeholders from across all parties and from individuals from both chambers was incredibly valuable and welcomed.

“With current geo-political events, we continue to make the case that a stable fiscal environment which promotes investment, creates jobs and generates taxes has never been more important. Not only does it ensure secure supplies of home produced energy that the country needs, but it will generate taxes that can be used to help with the cost of living crisis.

“As an industry, continued political support for our sector is crucial to ensure managed transition to net zero, and I’d like to once again thank those in attendance.”


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