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

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

We need the transition to a low-carbon economy to reverse historic injustices

Why the Women in Green Business Awards is more important than ever

More on Energy

Iran War: Over 85 per cent of investors expect surge in renewables financing
Energy

Iran War: Over 85 per cent of investors expect surge in renewables financing

Investment managers predict global and UK-focused clean energy funding will increase in the wake of the latest oil and gas crisis, UKSIF finds

Stuart Stone
Stuart Stone
clock 21 May 2026 • 4 min read
Wind and solar generate more electricity than gas globally for first time
Energy

Wind and solar generate more electricity than gas globally for first time

Ember report confirms wind and solar surpassed gas generation last month, as governments rushed to secure 'cheap, homegrown and secure' sources of energy

Stuart Stone
Stuart Stone
clock 21 May 2026 • 3 min read
COP31 President urges world to 'electrify processes throughout our lives'
Energy

COP31 President urges world to 'electrify processes throughout our lives'

Turkish Minister Murat Kurum backs global push to deploy electric technologies that can curb fossil fuel use, hinting measures to boost electrification could be top priority at November's UN climate talks

Michael Holder
Michael Holder
clock 20 May 2026 • 5 min read