Letter to politicians
Calls for ‘reasoned debate’ on future of North Sea
Statements are ‘impacting investor confidence’
Business leaders have urged politicians to think carefully before calling for an end to oil and gas drilling which has shaken investor confidence and placed tens of thousands of jobs at risk.
In a joint open letter to political party leaders, Aberdeen & Grampian Chamber of Commerce, The British Chambers of Commerce and Scottish Chambers of Commerce have called for a “more reasoned debate” around the future role of oil and gas in Britain’s energy mix.
The move has been backed by industry body Oil and Gas UK and follows remarks by politicians and campaigners calling for an end to oil and gas exploration in the North Sea.
It also comes after Shell and Siccar Point, who jointly planned to develop the Cambo field west of Shetland, pulled out of the project.
The letter says: “Statements calling for an end to new exploration and production have shaken investor confidence and placed tens of thousands of jobs – together with the economic wellbeing of whole communities across the UK – at risk.