Discover and read the best of Twitter Threads about #MERUK
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A few more things about the #MERUK and Oil and Gas Authority Strategy, before the oil and gas bots get onto it... I compared these word for word, and at the face of it there are a few differences. /I
The strategy's "central obligation" remains that "Relevant persons must, in the exercise of their relevant activities, take the steps necessary to: a) secure that the maximum value of economically recoverable petroleum is recovered from the strata beneath relevant UK waters" /II;
“and, in doing so, b) take appropriate steps to assist the Secretary of State in meeting the #NetZero target, including by reducing as far as reasonable in the circumstances GHG emissions (...) and supporting carbon capture and storage projects” /III
Extremely happy to see UK government tax mechanisms to cover #decommissioning costs being raised in @SkyNews Daily Climate Show. But as usual, somehow only half the story came out, so here is the other half for context! 🧵1/9
It is UK government policy to extract all remaining oil and gas from below the North Sea. This strategy used to be called “Maximising Economic Recovery of UK petroleum” published by @beisgovuk and delivered by Oil and Gas Authority (OGA) UK. 🧵2/9 gov.uk/government/pub…
Legally grounded in the Energy Bill, the OGA has “additional powers to maximise economic recovery of oil & gas from beneath UK waters” & “the ability to issue enforcement notices and financial penalties, and to revoke licences for clear or persistent breaches of the MER UK” 🧵3/9
