Article 5MR8Z Foreign control of North Sea oil licences threatens UK’s net zero goal

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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