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

Survey: Confidence slips in carbon intensive industries' ability to meet net zero goals

Survey: Confidence slips in carbon intensive industries' ability to meet net zero goals

Poll of over 800 executives carried out before Iran War reveals widespread belief oil demand will keep rising for the foreseeable future

Michael Holder
clock 23 March 2026 • 4 min read
IEA warns global economy facing unprecedented energy crisis

IEA warns global economy facing unprecedented energy crisis

International Energy Agency claims world is facing three energy crises in one, as it urges governments, businesses, and households to adopt energy-saving measures

James Murray
clock 23 March 2026 • 6 min read
'Unlike anything seen before': Record 814GW of new solar and wind installed globally in 2025

'Unlike anything seen before': Record 814GW of new solar and wind installed globally in 2025

Almost 4GW of new solar added globally for every 1GW of wind, as think tank Ember declares renewables on track to become the 'backbone' of global electricity system

Stuart Stone
clock 20 March 2026 • 3 min read