Oil and Gas Sector - 16th January 2024

Here are the climate-related sections of speeches by MPs during the Commons debate Oil and Gas Sector.

Full text: https://hansard.parliament.uk/Commons/2024-01-16/debates/0BA9C6FA-73FF-4D66-9DC5-FA3FA085AA34/OilandGasSector

12:25 Graham Stuart (Conservative)

My right hon. Friend is absolutely right. This is a declining basin, and it is so important as we go through the transition that we do not lose the skills and jobs of those people who are providing the oil and gas on which we currently rely. No country is doing more to decarbonise than we are, but we will continue to use oil and gas for decades to come. As our production falls even more quickly than our demand, and even more quickly than is required globally, it is essential that we support the industry, send the signal that my right hon. Friend suggested, and rebut the attitude of the Labour party, which would destroy those jobs, lose the tax and put up emissions.

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12:26 Sammy Wilson (DUP)

I welcome the fact that, belatedly, the Government have accepted that, despite their net-zero policies, the oil and gas industry is important for the future in the United Kingdom. Does the Minister recognise that to benefit from the oil and gas in the North sea that will be released by the new licensing regime, we need to have refinery capacity? There has been little, if any, investment in refinery capacity, because of the uncertainty of the future and the carbon taxes placed on it. When will the Minister address that issue to ensure that we get the full benefit of the oil and gas that we extract from our shores?

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