CCC: New oil and gas is not the best protection against high prices

0

A reduction in fossil fuel consumption could protect the UK against energy price volatility.

This is according to the government’s Climate Change Advisory Committee (CCC) which has written to Business Secretary Kwasi Kwarteng, warning that new oil and gas is not the best way to protect consumers from soaring prices. Energy.

Instead of new oil and gas deposits, the CCC recommends improvements in energy efficiency, the expansion of renewable energy-based systems and the electrification of transportation.

Responding to the ongoing consultation on the proposed climate compatibility checkpoint for oil and gas licenses in the North Sea, the CCC said it would support a “tighter limit” on oil and gas production with ” the strongest tests” and a “presumption against exploration”.

Rosie Rogers, Oil and Gas Transition Manager for Greenpeace UK, said: “Anyone who has read this advice and thinks the future of the North Sea lies in oil and gas is completely mistaken because it will take decades. and will not reduce energy bills.

“What we need to cope with bills and climate change is home insulation, heat pumps, electric vehicles and renewable energy.

“And as this letter is addressed to Business Secretary Kwasi Kwarteng, Chancellor Rishi Sunak must heed this evidence-based analysis, stop hoping to resurrect a declining fossil fuel industry and instead support real solutions. to the energy crisis as we approach the spring declaration.

Earlier this month, responding to calls for a windfall tax on the profits of oil and gas companies, the Prime Minister said companies must be encouraged to opt for more gas.

Commenting on the CCC’s advice to the government on the climate compatibility of new oil and gas fields in the UK, Jess Ralston, an analyst at the Energy and Climate Intelligence Unit, said: “This advice clearly shows that calls for the reopening of drilling in the North Sea or fracking are red herrings to the current gas crisis. Investing in oil and gas now would keep us locked in the volatile global gas market for longer and make no meaningful difference to bills.

“As we have seen in recent years, taking down platforms comes with a large bill for taxpayers, £3.7billion over just four years.”

Andy Prendergast, national secretary of the GMB union, said: “No politician should rule out new fields – we would cut our noses despite our face to reach net zero by relying on Russian and Qatari gas.

“As we all know, net zero does not actually mean zero carbon – the UK will still be using oil and gas in 2050 by all projections.

“Tens of thousands of jobs are tied to the sector – we need a long-term plan for quality decommissioning jobs and tying continued production to the highest environmental and labor standards.”

Share.

Comments are closed.