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

Study: Fossil fuel use 'flattening out' across China as clean electrification gathers pace

Study: Fossil fuel use 'flattening out' across China as clean electrification gathers pace

After a decade of building out clean power capacity China is now deploying renewables fast enough to start destroying fossil fuel demand, according to Ember

Michael Holder
clock 08 September 2026 • 6 min read
'There can be no rolling back': Renewables provide over half Northern Ireland's power for first time

'There can be no rolling back': Renewables provide over half Northern Ireland's power for first time

Stormont government hails latest renewables milestone, as it commits to accelerating climate action and curbing energy costs across the country

James Murray
clock 07 September 2026 • 3 min read
Marston's ink flagship clean energy deal for 1,300 pubs

Marston's ink flagship clean energy deal for 1,300 pubs

New partnership with SQE promises to improve access to renewable energy, access flexible grid services, and enhance cost control

James Murray
clock 07 September 2026 • 3 min read