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

How can companies best navigate the era of energy market volatility?

How can companies best navigate the era of energy market volatility?

BusinessGreen's latest webinar explored how businesses are responding to rising costs, constant policy shifts, and evolving Scope 2 reporting requirements by developing more flexible and sophisticated energy sourcing strategies

Stuart Stone
clock 13 May 2026 • 10 min read
ScottishPower's Kate McGeoch: 'We need more technologies to normalise sustainability at scale'

ScottishPower's Kate McGeoch: 'We need more technologies to normalise sustainability at scale'

ScottishPower's senior environmental manager, Kate McGeoch, reflects on how a non-linear career path has prepared her for the 'breadth and uncertainty' of working in sustainability

Stuart Stone
clock 13 May 2026 • 8 min read
'Raising the bar': Ofgem and Innovate UK set priorities for £500m investment programme

'Raising the bar': Ofgem and Innovate UK set priorities for £500m investment programme

RIIO-3 innovation funding to focus on accelerating industrial and business grid connections and enabling plug-and-play for domestic clean technologies

Stuart Stone
clock 13 May 2026 • 3 min read