Article summary
The UK government has agreed the North Sea Transition Deal with the oil and gas industry, pledging co-operation in an effort to develop and deliver the skills, innovation and infrastructure necessary for the future of energy production. It is anticipated that the measures agreed will reduce pollution by 60 million tonnes by 2030, while supporting up to 40,000 jobs across the supply chain. The government has further announced that from 31 March 2021 it will no longer provide support for overseas fossil fuel energy sectors. This is part of the government’s plan to reduce the UK’s carbon emissions to net zero by 2050.
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