Accelerating investment to protect Britain’s energy security
Tuesday 3 May 2022
The North Sea has provided the UK with a stable domestic supply of oil and gas for the last 50 years and it has a bright future. This great national asset has had the dual purpose of securing supply and insulating the UK from developing a dependency on Russian hydrocarbons. It has also generated substantial tax revenue to the tune of £375 billion to fund for the vital public services.