Commenting on reports that Shell has suspended its involvement in the planned Cambo oil field, Jenny Stanning, OGUK’s external relations director, said: “This is a commercial decision between partners but doesn’t change the facts that the UK will continue to need new oil and gas projects if we are to protect security of supply, avoid increasing reliance on imports and support jobs.
“However, we know that to deliver the transition to a lower carbon future, investor confidence remains essential. Gas and oil has a critical role to play in the nation’s future energy supply and we will continue to work with governments, industry and politicians of all parties to make this case.”
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