North Sea Oil and Gas Industry

Seamus Logan Excerpts

Monday 27th October 2025 Commons Chamber

[Michael Shanks]

The House will understand that I will not be drawn on applications that are currently awaiting decision, so I will not comment on that specific application. On my hon. Friend’s broader point, as has already been said, the net zero economy is growing three times faster than the economy at large, and it is our economic future. I recently attended the G20 in South Africa, where Ministers from across the world were talking about the opportunities offered by the clean power transition in their own countries. It is the economic opportunity of the 21st century, as well as how we deliver on climate leadership: contrary to what Opposition Members might now think, that still matters. It is only right that we deliver a genuinely just transition for the workers who have powered our country for the past 60 years. We have seen where transitions have not been done well. The previous Government failed to put in place any kind of plan, but we will deliver a plan that delivers a just transition and our economic future.

[Seamus Logan (Aberdeenshire North and Moray East) (SNP)]

I hear the Minister’s reassuring words, but surely he can understand the worry of the workers waking up this morning to the news that they heard. It is not just warm words that are causing the problem: it is policy, the energy profits levy and the ban on exploration. It is not just me saying that: those who are concerned include the Port of Aberdeen, Robert Gordon University, the North Sea Transition Authority, the Tony Blair Institute for Global Change and the Scottish Affairs Committee. What will the Minister do to address these policy problems?

[Michael Shanks]

I thank the hon. Gentleman for his tone and I accept the point that he makes. As I have said, we can be clear that there is a viable future for those 2,000 workers and we should be positive about that—it is important that we talk up the future potential of the company—but I recognise that that does nothing for those who might be worrying. We accept that the EPL will come to an end. We have consulted with industry on what the future of that looks like. We want to ensure that the Treasury gains value from price spikes, a point on which his party and mine agree, and that is a matter for the Chancellor to take forward. If he is in favour of a tax cut for oil and gas, it is important that he says where that significant amount of revenue will come from to fund the public services on which he and I rely.