• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
An offshore oil rig in the North Sea operated by the UK Government, involved in fact-checking for oil and gas production.

Fact-Checking the UK Government’s Statements on North Sea Oil and Gas

01/08/2024
UK Temporarily Exempted from U.S. Metal Tariff Increase

UK Temporarily Exempted from U.S. Metal Tariff Increase

06/04/2025
Trump Pushes Tariff Hikes Amid Legal Obstacles

Trump Pushes Tariff Hikes Amid Legal Obstacles

06/04/2025
U.S. trade deal efforts challenged by tight deadlines and tariff issues.

U.S. trade deal efforts challenged by tight deadlines and tariff issues.

06/04/2025
OECD Cuts U.S. Growth Forecast Over Rising Trade Costs

OECD Cuts U.S. Growth Forecast Over Rising Trade Costs

06/04/2025
U.S. Steel and Aluminium Tariffs Raised to 50%

U.S. Steel and Aluminium Tariffs Raised to 50%

06/04/2025
Tariff Hikes on Steel and Aluminum to Raise Consumer Prices

Tariff Hikes on Steel and Aluminum to Raise Consumer Prices

06/03/2025
U.S. Tariffs Add Pressure to China and EU Trade Talks

U.S. Tariffs Add Pressure to China and EU Trade Talks

06/03/2025
Trump Administration Appeals Court Ruling Blocking Tariffs

Trump Administration Appeals Court Ruling Blocking Tariffs

06/03/2025
US Aluminium and Steel Prices Increase as Global Steel Shares Fall After Tariff News

US Aluminium and Steel Prices Increase as Global Steel Shares Fall After Tariff News

06/03/2025
China Criticizes U.S. Moves on Chips and Visas, Citing Trade Agreement Breach

China Criticizes U.S. Moves on Chips and Visas, Citing Trade Agreement Breach

06/03/2025
U.S. Tariff Shift Reshapes Global Steel and Aluminum Supply Chains

U.S. Tariff Shift Reshapes Global Steel and Aluminum Supply Chains

06/02/2025
US Tariff Pause Drives Short-Term Growth in Global Container Rates and Boosts Supply Chain Activity

US Tariff Pause Drives Short-Term Growth in Global Container Rates and Boosts Supply Chain Activity

06/02/2025
supplychainreport
Wednesday, June 4, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Fact-Checking the UK Government’s Statements on North Sea Oil and Gas

by Richie
01/08/2024
in Environmental Policies, Sustainability & Ethics

YOU MAY ALSO LIKE

JASPAL GROUP Enhances Logistics with Electric Trucks and Waste Reduction Initiatives

BDO to Finance Mober’s Expansion into Green Logistics

The UK government is set to introduce legislation for an annual licensing program for oil and gas in the North Sea. In justifying this policy shift toward fossil fuels, ministers have made several claims regarding its impact on climate change, UK bills, and alignment with recommendations from independent climate advisers. The Guardian fact-checks some of these claims to provide a neutral and informative perspective.

More North Sea oil and gas will benefit households and lower bills
Prime Minister Rishi Sunak has linked the fossil fuel policy to lower energy bills, stating that the government is taking action to drive down energy prices. However, Energy Secretary Claire Coutinho has admitted that the policy won’t necessarily bring down bills. Instead, it could raise significant funds for public services and support the transition to alternative energy sources like offshore wind and solar.

Jess Ralston from the Energy and Climate Intelligence Unit (ECIU) notes that most remaining resources in the North Sea are oil, primarily exported, and their extraction does not contribute to lowering bills.

It will help UK energy security
Ministers argue that maximizing North Sea resources is crucial for UK energy security. However, the oil and gas extracted in the North Sea are owned by private businesses and sold on the international market, with no direct benefit to UK businesses. The ownership of the new Rosebank oilfield, for example, lies with the Norwegian firm Equinor.

The Climate Change Committee allows for more oil and gas extraction
Coutinho and the energy security department suggest that the Climate Change Committee (CCC) has endorsed increased oil and gas extraction. However, the CCC denies this claim, stating that the 25% figure cited by the government is not endorsed by them. The CCC emphasizes the need for an over 80% reduction in UK oil and gas consumption to meet climate goals.

UK oil and gas is four times cleaner than that from abroad
Rishi Sunak claims that producing natural gas in the UK is better for the climate than importing it, citing a figure from the North Sea Transition Authority. However, Channel 4 fact-checking reveals that the calculation doesn’t include emissions produced by burning the gas. When accounting for these emissions, imported gas is approximately 17% more polluting than gas from the North Sea, not 400% worse as claimed.

Your source for supply chain report news updates: The Supply Chain Report. For international trade insights and tools, head to ADAMftd.com.

#UKEnergyPolicy #NorthSeaOilAndGas #EnergyBills #EnergySecurityUK #ClimateChangeUK #RenewableTransition #FossilFuelPolicy #ClimateImpact #EnergySectorFacts #EnergyBills #NorthSeaResources

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.