OEUK Says Sector Leaped Forward of Emissions Discount Targets

In a launch despatched to Rigzone this week, trade physique Offshore Energies UK (OEUK) highlighted that the UK oil and gasoline trade exceeded emission discount targets “regardless of unsure occasions for the sector”.

“Going through a difficult coverage and taxation panorama, the UK oil and gasoline trade has nonetheless leaped forward of its government-agreed emissions discount targets and is on observe to realize 2030 milestones, in line with OEUK’s Emissions Discount Report due for publication in September,” OEUK famous within the launch.  

Evaluation by OEUK reveals the UK oil and gasoline trade has made essential strides in lowering its carbon footprint, constructing upon an lively and efficient decarbonization plan, OEUK acknowledged within the launch.

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The trade physique famous within the launch that the sector is on observe to fulfill persevering with emissions discount targets, “reflecting trade’s dedication to sustainable practices and environmental stewardship”.

Within the launch, OEUK CEO David Whitehouse stated, “all political events acknowledge that the UK wants oil and gasoline for many years to return”.

“We’re calling on them to prioritize our homegrown manufacturing over extra carbon-intensive imports to assist worth in our financial system and the extremely expert folks and corporations wanted to construct our clear power future,” he added.

“The experience of the UK trade’s folks along with non-public sector funding and innovation are driving these emissions reductions. The federal government can select to again UK corporations to proceed this work with insurance policies that preserve them right here within the UK and unlock additional funding,” he continued.

“In the suitable funding circumstances, UK trade can additional speed up the homegrown power transition because it allows our entry to safe provides of homegrown power,” Whitehouse went on to state.

Rigzone has requested the UK Division for Vitality Safety and Internet Zero (DESNZ) for touch upon OEUK’s launch. On the time of writing, DESNZ has not but responded to Rigzone’s request.

OEUK highlighted within the launch that it’s launching its Emissions Discount Report on the OEUK Convention 2024, which is scheduled to happen on September 17 in Aberdeen, Scotland.

Earlier this month, in an announcement posted on its web site, OEUK introduced the launch of its Emissions Discount Report, including that the UK offshore power sector “has made important strides in the direction of assembly its web zero commitments”.

OEUK famous in that assertion that the report will give an in-depth evaluation of the UK oil and gasoline trade’s emissions discount progress and the significance of an built-in homegrown power sector in reaching web zero targets by 2050.

“The launch of our Emissions Discount Report 2024 marks a pivotal second within the sector’s ongoing efforts to cut back carbon emissions and promote sustainable practices inside the offshore power sector,” Mark Wilson, HSE & Operations Director at OEUK, stated in that assertion.

“We’re excited to share our findings and collaborate with trade leaders and policymakers to drive the change, and the funding we have to construct a homegrown power transition,” he added.

OEUK describes itself because the main consultant physique for the UK offshore power trade and a not for revenue membership group with a historical past stretching again 5 many years.

Oil and gasoline manufacturing helps over 200,000 jobs within the UK, of which round 84,000 are in Scotland, OEUK states on its web site. In 2023, the sector added round GBP 25 billion ($32.99 billion) to the UK financial system, the positioning provides.

To contact the writer, electronic mail andreas.exarheas@rigzone.com