Offshore Industry: Licensing
The question
To ask the Secretary of State for Energy Security and Net Zero, whether he has carried out an economic impact assessment on banning new oil and gas exploration licences.
Answered by Michael Shanks
This Government will ensure a phased and responsible North Sea transition. We will manage the North Sea in a way that does not jeopardise jobs.
The Government is taking action to coordinate our approach to ensure a just transition where workers are able to benefit from the economic opportunities from our transition to net zero.
We will share more details on our plans for oil and gas exploration in due course. Any future legislative changes would follow the relevant processes, including an impact assessment where appropriate.
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