Domestic oil and gas production would unlock funding for energy transition, fossil fuel firms tell government

Cecilia Keating
clock • 4 min read
Domestic oil and gas production would unlock funding for energy transition, fossil fuel firms tell government

Trade body for oil and gas sector argues it stands ready to invest £200bn by 2030 and deliver on net zero goals if it can secure a supportive policy environment

Offshore Energies UK (OEUK), the trade body for the UK's oil and gas companies and contractors, has today announced the sector could invest £200bn in technologies and projects critical to delivering on...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

'Historic milestone': India's renewables generation peaks to cover over half of power demand

'Historic milestone': India's renewables generation peaks to cover over half of power demand

India's Ministry of Power confirms July 29th record, which underscores the 'steady progress' nation is making towards its clean energy and climate goals

clock 07 November 2025 • 4 min read
Study: Global renewables deployment proving 'far faster' than expected

Study: Global renewables deployment proving 'far faster' than expected

New analysis from Ember suggests global clean energy deployment has put target to triple renewable capacity by 2030 within reach

Stuart Stone
clock 06 November 2025 • 3 min read
'Stark misalignment': How pricing pressures have led to a slowdown in Europe's PPA market

'Stark misalignment': How pricing pressures have led to a slowdown in Europe's PPA market

New report from Pexapark attributes recent slowdown in number of clean energy PPAs to price divergence between developers and corporate customers - but could the energy storage boom spark a revival?

clock 05 November 2025 • 6 min read