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The energy transition survey is a comprehensive report on confidence, investment and transition in the energy sector delivered in partnership with D2Zero and Johnston Carmichael.
The UK Government will unlock more than £50billion of North Sea investment and protect 160,000 jobs if it moves to end the windfall tax in 2026. However, Chancellor Rachel Reeves is being warned that North Sea output will fall by around 40% by 2030 if she fails to reform the Energy Profits Levy next week, placing tens of thousands of working people at risk of redundancy.
The 42nd Energy Transition Report – published today by Aberdeen & Grampian Chamber of Commerce – shows that confidence in the UK Continental Shelf (UKCS) is now at a historic low, with companies moving investment overseas at a pace not seen in the report’s 21-year history.
Nicola MacLeod, General Counsel & Head of Corporate Affairs at D2Zero shares her thoughts on the Energy Transition 42 report findings.
Mark Stewart, Head of Energy, Infrastructure and Sustainability and David Wilson, Aberdeen Office Managing Partner at Johnston Carmichael share their analysis of the Energy Transition 42 report findings.