'Transition, not extinction': Government sets out climate tests for future oil and gas projects

Michael Holder
clock • 7 min read
The UK's oil and gas sector has pledged to achieve net zero by 2050
Image:

The UK's oil and gas sector has pledged to achieve net zero by 2050

Proposals would see North Sea developers having to meet six net zero tests including emissions and green investment targets in order to secure extraction licenses

The government is proposing six climate tests that future UK oil and gas extraction projects would have to meet in order to secure the green light in future offshore licensing rounds, as it continued to...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Zoom in on Net Zero: Energy Saving Trust CEO Mike Thornton

Zoom in on Net Zero: Energy Saving Trust CEO Mike Thornton

VIDEO: Non-profit's chief executive discusses the current gas crisis and sets out the case and solutions for decarbonising the UK's notoriously draughty housing stock

BusinessGreen staff
clock 02 December 2022 • 1 min read
Zoom in on Net Zero - with Bryt Energy's Chris Curry and David Taylor

Zoom in on Net Zero - with Bryt Energy's Chris Curry and David Taylor

VIDEO: Top figures from the energy supplier sit down with BusinessGreen to discuss the energy crisis, new technologies and the net zero transition

BusinessGreen staff
clock 02 December 2022 • 1 min read
Zoom in on Net Zero: Schneider Electric's David Williams

Zoom in on Net Zero: Schneider Electric's David Williams

VIDEO: Tech giant's vice-president for marketing in UK & Ireland chats to BusinessGreen's James Murray ahead of the upcoming Net Zero Festival

BusinessGreen staff
clock 02 December 2022 • 1 min read