UKPIA’s energy manifesto, Action Not Words, highlights three key areas that need to be addressed in the next parliamentary term to ensure the continued success of the downstream oil sector – an industry that currently supports 300,000 jobs and £21.2 billion to GDP – whilst laying the policy framework that will enable companies to pursue the development of low-carbon energy solutions.
The three policy asks are:
- To agree a future relationship with the EU that ensures access to the European market and maintains competitiveness.
- To support policies to allow the development of all low-carbon fuels and technologies to contribute to ‘Net Zero’.
- To demonstrate Government leadership in the development of industrial clusters.
“This election is one of the most important for generations, with the next Parliament faced with big decisions on our relationship with the EU and how we address climate change,” said UKPIA director-general, Stephen Marcos Jones.
“When facing those challenges, it is essential that the government does so without unwittingly undermining industries like oil refining and fuels marketing that do so much for the UK economy, and can play a major role in meeting decarbonisation targets in future.
“I would encourage every candidate in this election to read this manifesto for change in our downstream oil sector, and realise that by working together – Parliament, Government and industry – we can take the bold decisions necessary to build a low-carbon 21st century energy industry for all.”
UKPIA’s Action Not Words: An energy manifesto for change is available to download now