Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment his Department has made of whether proposals for the Cambo oilfield are compatible with the (a) Government’s climate targets and (b) Paris Agreement on climate change.
Cambo is not a new oilfield, it was licensed in 2001. The development proposal from Cambo is being scrutinised in line with robust regulatory procedures and no decision has yet been taken.
Oil and natural gas are still required for heating, cooking and transport, and are vital to the production of many everyday essentials like medicines, plastics, cosmetics and household appliances. While we are working hard to drive down demand for fossil fuels, there will continue to be ongoing demand for oil and gas over the coming years, as recognised by the independent Climate Change Committee, with the UK as net importers of both oil and gas.
Looking forward, the Government will introduce a climate compatibility checkpoint which will be used to assess whether any future licensing rounds remain in keeping with our climate goals. We have committed to launching the checkpoint by the end of 2021.