The Oil and Gas Authority (OGA)’s interventions during 2021 have helped the industry avoid producing 970,000 tonnes of future carbon dioxide equivalent – the same as taking 500,000 cars off the road for a year. The figures were published today in the authority’s annual report and accounts which also include: – a decrease of 10% in CO2 emissions from offshore installations and […]
Tag: North Sea Transition Deal
Target of 78% cut in emissions to be enshrined in UK law
The Government will enshrine in UK law the world’s most ambitious climate change target to reduce emissions by 78% by 2035 compared with levels in 1990. In line the independent Climate Change Committee’s recommendations, this sixth Carbon Budget limits the volume of greenhouse gases emitted over a five-year period from 2033 to 2037, taking the […]
North Sea Transition Deal involves £16bn investment
The Government has published the North Sea Transition Deal which includes up to £16 billion of government and industry investment, a reduction in greenhouses gases and the creation of new skilled employment. The deal, reached between Government, oil and gas companies and the Oil & Gas Authority (OGA), looks at how the offshore hydrocarbon sector […]