"Our North Sea is in decline, let's protect it during the transition and optimise our use of the resources that are left, he told the Daily Telegraph. We should scrap the windfall tax and protect the industry and its workers we need to avoid the destruction of the industry or we will see a repeat of what happened to our coalminers."
"Jackson said last week that relying on North Sea oil and gas would have a smaller climate impact than relying on costly imports from the US and the Middle East, which release more emissions during production and transportation than homegrown fossil fuels. When we're shipping LNG, liquefied natural gas, around the world, it is a lot dirtier than using locally produced gas, Jackson told the Telegraph."
Two leading green industrialists called on the UK government to abandon plans to ban new North Sea oil and gas licences and to support the declining basin with fiscal measures. Proposals include scrapping the North Sea windfall tax and offering subsidies that guarantee a minimum price for produced oil and gas. Protecting the industry and its workforce during the energy transition is presented as a way to optimise remaining resources and to avoid industrial collapse similar to the coal industry. Domestic production is argued to have a smaller climate impact than imported LNG due to lower emissions from production and transport.
Read at www.theguardian.com
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