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

IEA: No sign global energy-related methane emissions fell in 2025

IEA: No sign global energy-related methane emissions fell in 2025

Annual stocktake argues 70 per cent of methane emissions from fossil fuels could be abated with existing technologies and practices

Stuart Stone
clock 04 May 2026 • 5 min read
Study: British public concerned at prospect of reliance on US gas

Study: British public concerned at prospect of reliance on US gas

Three in five people said the UK should prioritise transitioning to renewable energy and net zero technologies to meet its future energy needs, as US imports rise 40 per cent in 2026

clock 01 May 2026 • 4 min read
UN climate chief: Fossil fuel crisis 'supercharging' global renewables boom

UN climate chief: Fossil fuel crisis 'supercharging' global renewables boom

Simon Stiell highlights 'immense irony' that some of the world’s biggest fossil fuel proponents are now ‘inadvertently supercharging the global renewables boom’

Michael Holder
clock 30 April 2026 • 4 min read