The Government are calling on the oil and gas sector to accelerate production and increase investment into clean energy, strengthening energy security and protecting jobs in the North Sea and Great Yarmouth.
We have seen record high gas prices around the world, and we need to protect ourselves from price spikes in the future by accelerating UK oil and gas production and our move towards cleaner, cheaper, home-grown energy.
That is why the Government are backing the UK’s oil and gas sector, but in return they want to see industry set out a clear plan to reinvest its profits to accelerate UK production and invest in cheap and clean renewables, such as the windfarm sector which Great Yarmouth has the potential to play a leading role in.
Twenty years ago there were only two wind turbines in UK waters, and now, as a nation, we are leading the world in offshore wind and making the changes we need to make offshore wind the backbone of the UK’ electricity system.
Boosting investment in this home-grown energy production will support us in continuing to grow the British economy, create good jobs across the country, and crucially bring down consumer bills in the long-term.
