Fossil Fuels: Capital Investment

(asked on 20th October 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking in response to the recommendation of the International Energy Agency that there should be no new investments in oil and gas production fields, coal mines or unabated coal power plants beyond 2021.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 28th October 2021

While the Government is working to drive down dependency for oil and gas, there will continue to be ongoing demand over the coming years, as recognised by the independent Climate Change Committee. Given the maturity of the UK Continental Shelf, even with continued development, the UK is projected to remain a net importer out to 2050.

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