The UK’s offshore oil and gas industry has today welcomed the Chancellor’s announcement that Scottish businesses are set to receive a boost to their green energy transition and further investment to create local jobs in key sectors with a more than £57 million investment in tomorrow’s Budget (Wednesday 3 March).
The leading representative body for the sector, OGUK said its world-class supply chain has the expertise to deliver secure and affordable energy while driving low carbon solutions.
Deirdre Michie, OGUK’s chief executive, said:
“This is an exciting announcement by the Chancellor that will create jobs and help position the UK as a global hub of green energy.
“The UK’s world-leading supply chain is at the heart of this country’s ability to transition to a net zero economy, so the timely announcement of these new investments is welcome, recognising the positive role this sector has to play in our energy future.
Our workforce has the talent, expertise and skills to accelerate the delivery of the low carbon solutions of the future including CCUS, hydrogen and decarbonisation projects with huge potential for our expertise to be exported around the world.
“This funding will help create employment opportunities in new technologies, support the reduction of emissions from production and enable our industry to become part of a new low carbon energy community. Key to this will be the North Sea Transition Deal which we look forward to working closely and quickly with government to finalise.”