‘Act now to avoid falling into the gap’ warns EAC as it calls for net zero plan
The Economic Affairs Committee (EAC) has called on the government to act now to avoid a disorderly transition to net zero.
The Economic Affairs Committee (EAC) has called on the government to act now to avoid a disorderly transition to net zero.
Following two years of negotiations, the UK has reached a “landmark” agreement to modernise the terms of the Energy Charter Treaty (ECT).
Secretary of state for business, energy and industrial strategy (BEIS) Kwasi Kwarteng has called on North Sea oil and gas producers to invest in “the clean energy technologies of the future".
Pursuing heat pumps and energy efficiency measures would be faster route to get off of Russian gas than proposed expansion of drilling in the North Sea.
The long-term sustainability of the energy sector is at risk from the short-term measures being considered as a solution to the energy crisis.
Labour has called for a windfall tax on North Sea Oil and Gas companies to help fund measures to protect households from expected energy bill increases in April.