🔴 Labour’s plan to move the UK away from its reliance on oil and gas has caused consternation among businesses operating in the North Sea
He told the BBC that 180 of the North Sea’s 283 active oil and gas fields were due to close by 2030, meaning that without new licences production would “plummet” and leave staff vulnerable.
This position was echoed by Aberdeen and Grampian Chamber of Commerce, whose policy director Ryan Crighton said Labour’s promise of a greener future had been “completely overshadowed by a position on oil and gas, which is not grounded in the realities of the energy transition and will drive away the very companies they want to partner with”.
However, environmental groups said Labour’s policy did not go far enough, as the party has confirmed that it will not revoke the licences of any new oil and gas fields granted between now and the election.could still go ahead under a Labour government, producing an estimated 70,000 barrels of oil a day at its peak.
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