Offshore Industry: Investment
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the potential long-term impact of repeated legal challenges to approved oil and gas sector sector projects on that sector; and what steps he is taking to help provide greater regulatory certainty for investors.
Answered by Michael Shanks
The Department has not carried out any sector-specific assessment of this type. However, we recognise the importance of striking the right balance between ensuring ongoing access to justice and protections against genuine issues of propriety.
That is why we have worked at speed to consult on updated environmental guidance so we can resume assessments as quickly as possible. We will also publish a consultation on our commitment not to issue new licences to explore new fields in due course. Our aim is a fair, orderly and prosperous transition that provides certainty to industry.
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →