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Future of the North Sea Oil and Gas Industry

EDM (Early Day Motion) 451: tabled on 06 May 2020

Tabled in the 2019-21 session.

This motion has been signed by 12 Members. It has not yet had any amendments submitted.

Motion text

That this House believes that the dual impact of low oil prices and covid-19 could lead to the collapse of the North Sea oil and gas industry; notes the Offshore Co-ordinating Group (OCG) of trade unions’ estimate that 3,500 jobs in the supply chain are at immediate risk, with over 1,000 redundancy notices in the drilling sector alone; further notes the employers’ estimate that 30,000 industry jobs could be lost by autumn 2021; notes that oil and gas meets over 75 per cent of the UK’s primary energy needs and that imports increase carbon emissions; welcomes the formation of the Pandemic Steering Group including employers, regulators and OCG unions; agrees with the view that furlough is a welcome but temporary measure; notes that oil and gas reserves under the North Sea are publicly owned; believes that the state should be the licensee for exploiting oil and gas resources under the UK Continental Shelf; further believes that a Just Transition to net zero carbon is impossible if domestic oil and gas reserves are shut down before 2050; and calls on the Government to prioritise the formation of a task force including OCG trade unions, employers and the Scottish Government to protect jobs and skills, production, investment, decommissioning and tax revenue from this strategically vital industry.