Thursday, July 18, 2024
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HomeBusinessEco EnergyUK government minister meets with energy firm over Cambo

UK government minister meets with energy firm over Cambo

LONDON, England – UK government minister for Scotland David Duguid will on Tuesday, August, 17 meet with Siccar Point Energy in Aberdeen to discuss the proposed Cambo oil field off the west coast of Shetland.

An exploration licence for the field was granted in 2001 and the Oil and Gas Authority is considering whether to approve extraction of oil there.

“I’m eager to learn more about the proposed Cambo field. As we transition to cleaner, low-carbon and renewable energy, demand for oil and gas is declining and will continue to do so, even with new fields such as Cambo. But until that transition is made, as the UK government is pioneering with the North Sea Transition Deal, sources like Cambo are still required. The Independent Climate Change Committee advises that we will continue to need oil and gas in the coming years as it is still vital to the production of many everyday essentials, including medicines.

It is far preferable for the UK’s needs to come from our domestic supply, supporting our own workers, rather than relying on imports whose sources may not be responsibly recovered. Not producing our own oil and gas through the energy transition not only risks the economy and jobs but also security of energy supply.

Working with the UK government, industry is committed to responsibly managing supply through the energy transition – while developing technology, innovation and expertise that will be critical to Net Zero and fighting climate change in line with our aims at COP26 in Glasgow in November,” said minister Duguid.

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