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 the UK's renewables surge has enjoyed a summer of steady acceleration

How the UK's renewables surge has enjoyed a summer of steady acceleration

Microgeneration records are being toppled and now larger projects are enjoying a wave of planning approvals - are the UK's ambitious clean power plans starting to be realised?

James Murray
clock 21 August 2025 • 8 min read
Ofgem appoints BSI to govern energy data standards

Ofgem appoints BSI to govern energy data standards

UK national standards body to govern data standards that are expected to play a key role in digitalising and decarbonising the energy industry

Stuart Stone
clock 21 August 2025 • 4 min read
Your home is a possible power station – so why are we wasting its potential?

Your home is a possible power station – so why are we wasting its potential?

Our homes are not just a cost, but energy assets - let's stop wasting their potential, writes Laura Sandys

Laura Sandys
clock 21 August 2025 • 4 min read