New pledge by sector
Oil and gas industry aims to halve emissions by 2030
Big changes planned for oil and gas sector
The oil and gas sector aims to halve emissions from production and exploration by 2030 as it aims to reach net-zero by the middle of the century.
The industry is responsible for about 4% of UK emissions, though that does not include the consumption of oil and gas.
About half a million tonnes will still be allowed by 2050 for “emergency flaring”, but these will be offset by other sectors such as forestry.
Oil & Gas UK also acknowledged that between half and two thirds of emissions cuts in the next 10 years would come from fields ceasing production.
Platforms will be electrified either through connections to the land or locally-generated renewables.