Foreign control of North Sea oil licences threatens UK’s net zero goal
by Matthew Taylor and Jillian Ambrose from Environment | The Guardian on (#5MR8Z)
Study warns regulator must take action as private equity firms and state-backed groups begin to dominate
Foreign control of North Sea oil licences could put the UK's plans to reach net zero emissions at risk, a study has warned.
The research shows state-backed fossil fuel companies and private equity firms are taking a tighter grip on North Sea oil, raising concerns about the government's ability to wind down fossil fuel production and secure a just transition" for workers.
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