Attached below is a letter from the Rt Hon Kwasi Kwarteng MP, Secretary of State for Business, Energy & Industrial Strategy, announcing a landmark agreement between the Government and the oil and gas industry – the North Sea Transition Deal - to support the industry’s transition to clean, green energy and secure the future of high-skilled oil and gas workers and the supply chain.
Through the Deal, the oil and gas sector and government will work together over the long-term to deliver the skills, innovation and new infrastructure required to decarbonise North Sea production, as well as other carbon intensive industries.
Through the package of measures, the Deal is expected to support up to 40,000 jobs across the supply chain and is expected to cut pollution by up to 60 million tonnes by 2030 including 15 million tonnes from oil and gas production on the UK Continental Shelf - the equivalent of annual emissions from 90% of the UK’s homes.
You can read the full letter below.