Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether he has made an assessment of the potential impact of trends in the sale of fossil fuels in international energy markets on his Department’s support for North Sea oil operations.

Oil and gas is traded on international markets, therefore domestically produced oil and gas does not mean cheaper prices and leaves British consumers exposed to unstable fossil fuel markets. On 5 March the Government launched a consultation that progresses the commitment to not issue new licences to explore new oil and gas fields while managing existing fields for their lifespan. It also sets out the next steps to make the North Sea a world leading example of an offshore clean energy industry, which is vital for delivering the best outcomes for workers and communities, energy security, and sustainable economic growth.