North Sea Oil and Gas (Energy Security)

Part of the debate – in the Scottish Parliament on 8th March 2022.

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Photo of Michael Matheson Michael Matheson Scottish National Party

The Scottish Government has made it clear that unlimited extraction of fossil fuels is not consistent with our climate obligations. Scotland’s energy sector has a crucial role to play as Europe and the world move beyond the age of fossil fuel, and we can be a key part of a solution that seeks to ensure energy security amid on-going economic and geopolitical turbulence.

At the Scottish Renewables conference today, I made the point that renewable power could provide a more consistent and stable energy supply in the wake of rising prices and unpredictable supplies of oil and gas. Scotland has among the richest renewable energy producing potential in the whole of Europe but is unfairly penalised by the transmission charges that are applied, which are a direct disincentive to producers and investors.

Our focus is on achieving the fastest possible just transition for the oil and gas sector—a transition that delivers jobs and economic benefit, that ensures our energy security and that meets our climate obligations.