Energy intervention

Sir Ian Wood: halting oil drilling would be ‘crazy’

Sir Ian Wood on Question Time

Sir Ian Wood: supported warning over imports

Oil industry veteran Sir Ian Wood says the UK would be “absolutely crazy” if it stopped drilling for oil.

The former CEO and chairman of the eponymous energy services company Wood Group, supported the view that new fields are necessary to stop oil and gas being imported from countries with looser regulations.

Environmentalists say drilling for new oil would be “disastrous for the climate” and have pushed for the proposed Cambo field west of Shetland to be abandoned.

Siccar Point Energy plans to recover 170m barrels of oil from phase one of the Cambo field project.

First Minister Nicola Sturgeon has urged the Prime Minister to “reassess” licences, but Tory ministers say oil and gas will remain part of the energy mix and its decline as a primary energy source needs to be properly managed to avoid the UK importing more oil.

In an interview Sir Ian said: “If we don’t have our own oil and gas we’ll have to import it because we just don’t have any other resources.

“And if we import it we’ll have more potent gas and we’ll do more damage to the environment – it would be, frankly, absolutely crazy. It would be detrimental, environmentally.

One Comment to Sir Ian Wood: halting oil drilling would be ‘crazy’

  1. “Oil industry veteran Sir Ian Wood says the UK would be “absolutely crazy” if it stopped drilling for oil.” – the satire writes itself.

    It would be more impressive of Sir Ian if he was reported for saying something more thoughtful on how the fossil fuel industry can adapt positively to a changing world, other than “we need drill more”.
    He comes across as saying the economy of the moment is more important than the long-term well being of our environment.

    Is the balance of payments more important than big chunks of the northern hemisphere being on fire, alternating with floods?

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