Oil and Gas Authority: Remit

Baroness Blackstone Excerpts

Thursday 2nd December 2021 Lords Chamber

[Lord Callanan (Con)]

It remains the case that the petroleum sector is a net payer of taxes to the UK Exchequer. I frankly do not understand the argument that we should stop all production in the North Sea and instead import those materials that we will continue to need in every scenario. We would be declining to give ourselves the revenue and spending extra to import those same products.

[Baroness Blackstone (Ind Lab)]

My Lords, a global poll of energy workers showed that more than half want to leave the fossil fuel industry. What are the Government doing to support these workers in the UK to ensure that there is a fair and just transition both for them and for their communities?

[Lord Callanan (Con)]

That is a very good question, and this is why we have our world-leading oil and gas sector transition deal, the North Sea Transition Deal. We are committed to it, with the support of all the oil and gas companies, to precisely bring about that happy state of affairs so that workers can transition to working in the clean economy.