Future of the Oil and Gas Industry
Debate between Pete Wishart and Hugh Gaffney(5 years, 8 months ago)
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Pete Wishart
I had a sneaking suspicion that I would secure an intervention based on the hon. Gentleman’s desire for fracking to be included in all this. As he knows, there was a robust debate among Committee members on the value of fracking and what we should say about it in the report. He knows that I do not share his views, although I am aware of the evidence that was given sincerely by some members of the sector. The Committee agreed a consensus that this was something we were not really concerned with as we went forward, and we have left it as such in the report.
Hugh Gaffney (Coatbridge, Chryston and Bellshill) (Lab)
Yesterday in his statement the Chancellor talked about banning gas from new homes in 2025. Surely we have to look to the benefits of oil and gas in the future. Is that not a worry for us?
Pete Wishart
Absolutely. I was intrigued by the message from the Chancellor yesterday, when this was mentioned. Yes, there are huge opportunities for us. I think the hon. Gentleman will agree that it was mightily impressive to see the things that could come and how these skills could be applied and transferred. Perhaps the Minister can say what more work could be done to ensure that we get this. We would be grateful for any insight into the conversation he has been having with the sector on skills transfer.
The sector deal must bring forward proposals for how the sector will address its carbon footprint, both in the process of producing and extracting oil and gas, and by finding ways to reduce emissions from their use. The report received a mixed reaction from some environmental groups—I will put is as delicately as that. That surprised me, due to the range of recommendations we made and the care and diligence that we gave to shaping up some of the transition recommendations. We believe in a just transition and said as much in the report. We believe that if that is achieved, we will get to a new future—a green and transformative future for the sector.