Oil Change International publishes upwards of 20 reports and briefings every year focused on supporting the movement for a just phase-out of fossil fuels.
Keir Starmer has inherited a controversial decision from Boris Johnson’s government. The UK Prime Minister must decide whether USD $1.5 billion of UK taxpayer support should be used to enable one of the most controversial infrastructure projects of modern times: The Mozambique Liquefied Natural Gas (LNG) Project.
The UP FOR GRABS factsheet shows exactly how the United Kingdom can raise the public funds needed to pay for a fair and orderly transition of North Sea oil and gas workers as part of the green energy transition. The government could mobilise GBP 6.7 billion per year through a series of readily available measures that could fund an emergency package of support for North Sea workers.
Prime Minister Keir Stamer paints a bleak picture of the economic situation in the UK, announcing worsening economic and social pressures. The thing is, there is money. It is just being spent on the wrong things. The UK has already spent or committed nearly £500 million on CCS projects since 2010. £168 million of this was spent between 2012 and 2016 on two projects (Peterhead and White Rose) that failed to get off the ground. Policies announced since 2020 have made available £25.26 billion for CCS and hydrogen projects. Only a fraction of this has been committed to date. This is enough to fund the total 2023 winter fuel allowance payout 12 times over.
This new report reveals, for the first time, the climate impact of North Sea oil and gas extraction, and shows the way to a job-creating energy transition. To deal with the climate emergency, the UK needs to immediately stop approving new oil and gas drilling and redirect support to clean jobs and renewable energy.
Dispelling myths about North Sea oil taxes, jobs, profits and climate.
