Transition 23
Last week, in another significant industry step towards contributing to the UK Government’s Net zero objectives, Phillips 66, Uniper and VPI Immingham announced a memorandum of understanding to co-develop Humber Zero.
A multi-million pound carbon capture and hydrogen project on the South Humber Bank, Humber Zero will decarbonise eight million tonnes per annum of CO2 emissions, with the potential to target 30 million tonnes of CO2 emissions from the wider Humber cluster to the west of Immingham
The leading representative body for the UK’s offshore oil and gas industry, OGUK, has called for the transition to net-zero greenhouse gas emissions to be at the heart of its recovery plan after a stark warning that up to 30,000 industry jobs could be lost.
Becoming the fourth oil major to commit to ‘net zero’, Total has announced its target of net zero emissions in Europe by 2050. The company has also committed to becoming carbon-neutral across its worldwide operations by 2050 or sooner and confirmed its target of a renewable generation gross capacity of 25GW in 2025.
Patrick Pouyanné, chairman of Total’s board, declared; “Energy markets are changing, driven by climate change, technology and societal expectations. Total is committed to helping solve the dual challenge of providing more energy with fewer emissions. The Board believes that Total’s global roadmap, strategy and actions set out a path that is consistent with goals of the Paris agreement.
Emphasising the role the company has to play in the future energy transition, Patrick continued; “Only by remaining a world-class investment can we most effectively play our part in advancing a low carbon future. This is the reason why our people are already in action across Total, seeking opportunities to reduce our emissions, improve our products and develop new low-carbon businesses.”
This ambition is supported by the strategy to develop Total as a broad-energy company, with oil and gas, low-carbon electricity, and carbon-neutrality solutions as integrated parts of its business.
Total says the new climate strategy is already in action as the firm has already achieved a 6% reduction of its average indirect carbon intensity since 2015.
Active support of the energy transition
Regarding the commitment to become a net-zero energy business in Europe, Patrick commented; “As the EU has set the target to achieve net zero emissions by 2050 and thereby lead the way for other regions to become carbon neutral over time, Total takes that commitment to become neutral for all its businesses in Europe. Total wants to be an exemplary European corporate Citizen and offers its active support for the EU to achieve net zero emissions by 2050. Total will work together with other businesses to enable decarbonization of energy use.”
Total confirms its target of a renewable generation gross capacity of 25 GW in 2025 and will continue to expand its business to become a leading international player in renewable energies. Total currently allocates more than 10% of its Capex to low carbon electricity, the highest level among the oil majors. To actively contribute to the energy transition, Total will further increase its allocation of Capex in favour of low carbon electricity to 20% by 2030 or sooner.
UKIFDA says off grid homeowners across Great Britain are seeing prices of heating oil drop by up to 27% since the same time last year, according to the latest figures from Sutherland Tables, a provider of comparative home heating costs for the most common fuels in the UK and Republic of Ireland.
This drop has prompted UKIFDA to urge households who use oil to heat their home to reap the rewards of using liquid fuel as their heating source and to consider how they can benefit from these low prices and also consider their future energy options.
Guy Pulham, CEO of UKIFDA comments; “The Sutherland Tables data is fantastic news for everyone using heating oil as it confirms that this form of energy is the cheapest right now. The price of oil has continued to fall over the last quarter and the cost of home heating using oil is now cheaper than gas heating, regardless of the type of property you live in or whether you have a conventional or condensing boiler. The latest data shows that families in an average 3-bedroom house with an oil boiler in Great Britain are paying around £808 a year for heating and hot water, compared to £938 for those using a gas boiler, £1392 for those using air source heat pumps with underfloor heating, £1502 for wood pellets, £1551 for those using LPG, £1819 for those with air source heat pump with radiators and £2084 per annum for those on Electric.
“At the same time as enjoying low prices we do want to help domestic consumers of oil in the UK and Ireland understand how the decarbonisation of off-gas grid home heating could impact their home and impact the choices they need to make either now or in the future. As a result, we have over the last year been working with our Members and other trade associations on a pathway to decarbonising liquid fuel to help consumers find a personal pathway that fits the finances of the household but still contributes to lower carbon emissions in a timescale that meets net zero goals.”
The UK Government has outlined its intentions to replace the Renewable Heat Incentive (RHI) with a new Clean Heat Grant which aims to help households and businesses decarbonise through technology and push the nation towards its net-zero target for 2050 by phasing out high carbon fossil fuel heating.
In the Government’s publication of its consultation on future support for low carbon heat its proposal to make grants of £4,000 available for consumers wishing to replace fossil fuel boilers has drawn particular attention. The grant would provide support for heat pumps and, in limited circumstances, biomass and would replace the Domestic RHI tariff scheme which is due to close on March 31, 2022.
In its introduction to the consultation BEIS highlights that currently, heating our homes, businesses and industry is responsible for a third of the UK’s greenhouse gas emissions meaning that the decarbonisation of heat is one of the biggest challenges faced in meeting climate targets. The government Heat and Buildings Strategy which will be published later this year will set out actions to reduce emissions from buildings.
The government is considering a range of measures to improve energy efficiency and support the move to low carbon heating and has pledged significant financial support. The consultation sets out plans for a successor to the current RHI scheme – a Clean Heat Grant scheme – to help deliver the phase-out of high carbon fossil fuel heating. The stated aim is to build on the 2017 Clean Growth Strategy, with its announced intention to phase out the installation of high carbon fossil fuels in the 2020s for properties off gas grid.
According to BEIS, the grant will support the deployment of air source, ground source and water source heat pumps and high and low temperature systems, but hybrid heat pumps will not be included.
The full consultation, including details on how to respond, is available online at: https://tinyurl.com/ydyhzvb5
UKIFDA has urged the Scottish Government to consider the 135,000 households in Scotland who use oil to heat their homes when setting the energy policy in its response to the recent ‘Energy Efficient Scotland: Improving energy efficiency in owner occupied homes’ consultation.
Proposals outlined in the government consultation which closed earlier this month include the introduction of a legally binding standard to ensure all homes in Scotland meet Energy Performance Certificate (EPC) rating C, at point of sale or major renovation, from 2024.
UKIFDA chief executive, Guy Pulham comments; “In submitting our views to this consultation by the Scottish Government, we expressed our support for the proposals to improve the fabric of homes and improve energy efficiency and we agree EPC Band C is a realistic target. It is important though that this must be rolled out in a way which does not adversely affect owner occupiers who are already struggling with household costs. Energy efficiency improvements must not be pursued at the cost of making housing unaffordable for people and put added burden on those currently in fuel poverty. The focus must be on providing tailored support, including financial, and advice on the most suitable technology available to households.
“We agree that new homes should be first to adapt new technologies given the fabric of the building allows for a range of solutions but off gas grid homes are not the easy low hanging fruit that many seem to suggest. The very specific nature of the housing stock that our UKIFDA members serve – generally larger, older homes, in rural locations with poorer than average insulation means they are difficult to adapt to new technologies such as heat pumps and are perfectly suited to new drop in liquid biofuels.
“The design of these houses (and this includes a very high proportion of farmhouses and buildings) is such that retrofitting heat pumps will require a huge capital expenditure to improve the insulation of the properties. If this work is not carried out, the running costs of any form of heat pump would be prohibitive.
“A further challenge here is that the demographics mean that many of the owners are cash poor and asset rich (pensioners, farmers etc) and they will find it very difficult to raise the required capital to undertake major refurbishment of these homes. With the introduction of biofuels as a replacement to heating oil it would mean off grid households would not need such a large capital investment to improve the energy performance of their homes”.
In the run up to this consultation being published, UKIFDA has been lobbying the Scottish Government to consider liquid biofuels as part of any energy strategy and is currently working with other industry trade associations OFTEC and the Tank Storage Association on the introduction of a low carbon liquid fuel to replace heating oil.
Guy Pulham adds: “To ensure that the whole industry can invest and implement engineering advancements such as biofuels, we believe government should outline the energy efficiency plans in 2020 for implementation.”
“We also believe it is also important that once an Energy Efficiency standard is in place it should be subject to periodic review, where it can change with improvements such as technology, innovation, fuel prices and carbon emissions. In the longer term where it can be assumed that energy efficiency will improve over time, improved EPC targets could be then introduced.
“Ultimately, we would like policy-makers to recognise the positive contribution that evolving liquid fuels can make to an economically and socially fair energy transition. It is crucial to maintain a varied energy mix and a free choice of technologies by consumers to alleviate fuel poverty. By focussing on the consumer and meeting their individual needs, we can meet both the net zero targets and do so in a realistic, supportive fashion.”
The trade association for the liquid fuels sector in Ireland, UKIFDA, has lobbied Finance Minister Paschal Donohoe in a bid to get the Irish government to consider a delay to the €6 increase of carbon tax on heating oil, used by over 686,000 households across Ireland, and gas oil, used by the farming and construction industry, due in May this year.
Following the publication of a report by the Sustainable Energy Association (SEA) UKIFDA is looking forward to “digesting the detail” and “working with SEA on lobbying government to engage on these plans”
Calling on the government to bring in a ‘carbon intensity standard’ for the UK to drive down emissions in heating, the SEA report ‘Off Grid, Off Carbon: Regulating the Decarbonisation of Heat in homes off the gas grid’ followed a consultation with industry stakeholders. It outlines the benefits of introducing a carbon intensity standard for heating within the Buildings Strategy allowing for carbon reduction to be achieved by a combination of means including insulation, installation of new technologies or replacement fuel solutions, depending on consumer choice and situation.
The proposed standard would be administered at industry level and encouraged through a range of enablers to facilitate its introduction including rebalancing fuel duties, customer incentives and a robust enforcement framework. SEA argues that, together, these would complement energy efficiency improvements and encourage greater uptake of insulation and low carbon heating systems in a way that guarantees lower carbon emissions while also maintaining consumer choice.
It is this focus on the customer that ties in with the approach of UKIFDA. Representing a distributor membership that delivers over 70% of the domestic heating oil in the UK and Ireland UKIFDA accepts the need to decarbonize but is also lobbying for a customer focused transition plan emphasizing the need to achieve significant carbon reduction without putting unseasonable measures and costs on off gas grid homeowners which could lead to fuel poverty for many.
Highlighting the SEA report, CEO of UKIDFA Guy Pulham stated; “We are currently digesting the detail but the idea of a customer focused transition plan for oil heating ties in with our own consumer focused blog and our commitment to ready our part of the supply chain for increasing percentages of biofuels in the 2020s.
Collaborations
A collaboration at the start of 2020 between trade associations OFTEC, the Tank Storage Association (TSA) and UKIFDA showcased a future vision for liquid fuels which detailed steps to be taken toward a transition to 100% biofuel to replace heating oil in 1.5m homes across the UK and 686,000 homes across Ireland, reflective of SEA’s vision for replacement fuel solutions as one contribution to carbon reduction.
In the light of the ongoing challenge of heat decarbonization Guy comments; “I look forward to working with Sustainable Energy Association on lobbying government to engage on these plans”
Jade Lewis, Chief Executive of the Sustainable Energy Association commented; “This report is a demonstration of how industry can collaborate to tackle some of the greatest challenges ahead of us, and there is no doubt that heat decarbonisation is one of those.
“At a time of great uncertainty is it paramount that regulation is introduced to provide confidence and stability so that investors and manufacturers of low carbon heating systems can scale up investment and production, encourage innovation, and upskill the workforce.”
She added: “The SEA is hopeful that the proposals put forward will influence Government plans to decarbonise the UK’s building stock and ensure that homes are fit for the generations to come.”
The leading representative body for the UK’s offshore oil and gas sector has warned the latest oil price developments could fundamentally undermine the ability of the industry to recover and serve the energy transition.
It comes as US crude oil prices continued to drop reaching the historic low on Monday evening, while the international benchmark Brent crude fared better with OPEC+ cuts due to take effect and storage constraints less pronounced, trading at just over $25 a barrel. While WTI is a localised trading market in the US, OGUK warned that it remains concerned about the continued low prices of Brent crude.
OGUK Chief Executive Deirdre Michie said; “While we have anticipated continued pressures on oil markets, there’s no getting away from the fact that this situation is a body blow for an industry already creaking under the strains of the impact of COVID-19 and sustained low commodity prices.
“The dynamics of this US market are different from those directly driving UK produced Brent, but we will not escape the impact. Ours is not just a trading market; every penny lost spells more uncertainty over jobs, our contribution to public services and to the just transition we all want to see. OGUK will be pressing the case for a COVID-19 resilience package to governments in the coming days which will focus on protecting the supply chain, jobs and our ability to continue to reposition ourselves for the future.”
As Coronavirus lockdowns continue around the world, the oil industry faces serious challenges to demand and supply chains resulting in the collapse of many prices and margins. With restrictions to travel and broader economic activity across the world, demand for transport fuels has dropped resulting in a twofold challenge, a drop in oil’s value and a consequential price war.
A deal announced last week between Opec and its peers to cut production by about 10 million barrels per day from May appears not to have been enough to convince markets that supply lines weren’t being flooded. The agreement was viewed as “too little and too late to avoid breaching storage capacity and to stop spot prices from falling”
Professor David Elmes, who leads the Global Energy Research Network at Warwick Business School and has more than 20 years’ experience in the energy and management consulting industries, said:
“The fact that oil prices have sunk to a level not seen since 2002 will set alarm bells ringing. It’s not just the price per barrel, it’s the wider challenges facing the industry.
“The battle to supply, whatever the price, is happening in a climate of both short-term and long-term decline in the demand for oil.
“We are starting to see how the coronavirus is reducing oil demand, but some industry forecasts were acknowledging a flattening off in long-term demand last year, before the pandemic began.
“All companies in the sector will be looking at how they can cut costs, shift their activities to the lowest cost field they can, trim investment, and thinking hard about what dividend they can pay.
“There will also be more serious conversations taking place.
“State-owned oil companies around the world will be having tense discussions with their governments about how long they can expect government sympathy for low prices. That will be made more difficult by governments needing to pump money into their economies to address the slowdown caused by coronavirus.
“The European-based large, international companies have started to say they will become less focused on oil and gas over time. There will be intense discussions on what can they do to move faster.”
Liquid fuels trade association UK and Ireland Fuel Distributors Association (UKIFDA) has submitted its views on behalf of members on the Northern Irish Government’s Energy Strategy.
Designed to replace the existing Strategic Energy Framework in Northern Ireland, the Department for the Economy (DfE) is developing a new Energy Strategy and has called on industry, businesses and the public to submit their views and have their say on how the Government should best tackle climate change.
“UKIFDA is always supportive of climate change strategies and welcomes the development of the new Energy Strategy by the Department for the Economy in Northern Ireland,” says Guy Pulham, UKIFDA Chief Executive.
Relief
Last week’s budget announcement brought relief to agriculture, rail, fish farming and non-commercial heating with all being exempt from the abolishment of the red diesel subsidy.
Whilst this news was well-received by UKIFDA, CEO Guy Pulham was ‘disappointed that the red diesel fuel duty relief freeze was not extended to the construction industry especially as a large amount of infrastructure projects were announced in the budget.’
UKPIA has welcomed the Department for Transport’s recent announcement that they are consulting on proposals to introduce petrol blended with 10% bioethanol, otherwise known as E10.
Whilst this is a recognition of the significant role that low-carbon liquid hydrocarbon fuels can play in combating carbon emissions, the downstream oil sector also urges the UK government to ensure that its introduction occurs in a pragmatic and consumer-focused way.
“Introducing E10 into the UK has been under discussion for a long time, and it is a welcome development that the government are now consulting with industry on how best to implement this evolution to the fuel landscape,” said UKPIA director-general Stephen Marcos Jones.
Last month BP set out its new ambition to not only become net zero by 2050 or sooner, but also to help the world get to net zero. The ambition is supported by ten aims:
FIVE AIMS TO GET BP TO NET ZERO:
The UK Petroleum Industry Association (UKPIA) has welcomed the Department for Business, Energy and Industrial Strategy (BEIS) funding towards hydrogen projects at Essar’s Stanlow oil refinery and a renewable hydrogen Gigastack project which involves the Humber refinery.
ESSAR
Funding of £13 million has been awarded to the HyNet consortium, of which Essar Oil UK is a member. Plans include the development of a Low Carbon Hydrogen Plant at the Stanlow refinery. This will produce 3TWh of low carbon hydrogen whilst also pioneering carbon capture storage (CCS) technology to capture and store over 95% of carbon used in the process. The funding will also support a front-end engineering design (FEED) study for a new hydrogen-fired combined heat and power (CHP) at Stanlow.
“The HyNet project is one of the most ambitious low-carbon industrial cluster initiatives in Europe,” said Stephen Marcos Jones, UKPIA’s director-general.
“As well as showing more broadly how the downstream oil sector is vital to the UK’s ambitions to reach ‘Net Zero’ emissions by 2050, this really demonstrates just how critical the refinery is to the success of these efforts to decarbonise the economy of the north west of England.
PHILLIPS 66
Working in partnership with offshore wind company Ørsted, hydrogen producers ITM Power and with funding from BEIS, the Gigastack project will allow the Phillips 66 refinery site to utilise ‘green hydrogen’ produced from renewable energy in its operations and processes.
“This project illustrates the potential outlined in UKPIA’s recently published ‘Future Vision’ report,” said Stephen Marcos Jones.
“The project demonstrates the major role the UK’s downstream oil sector can play in the low-carbon energy transition. Working with renewable energy companies and in cooperation with government, this investment in ‘green hydrogen’ is an indication of how UK refineries can be world-leaders in decarbonising their manufacturing operations.
“Downstream oil companies such as Essar Oil UK and Phillips 66 have the experience, engineering expertise and business acumen necessary to make the transition to a low-carbon future a reality for the benefit of both industry and wider society.”
Following an extensive review of Mabanaft’s UK-based companies – Mabanaft Limited, BWOC and Thomas Silvey – the latter is now focusing on fleet solutions. This change sees the Mabanaft OnRoute fuel card division being merged into the existing Silvey Fleet business.
In a deal completed on 31st January, Mabanaft Ltd has acquired Avon Lodge, one of the UK’s top-tier independent truckstops. The transaction highlights Mabanaft’s strategic commitment to developing a network of truckstops across the country, offering drivers and companies good-value, high-quality truckstops outside of those owned by the oil companies and large group networks.
BP has announced that Tufan Erginbilgic, chief executive of BP’s Downstream segment, has decided to leave the company at the end of March 2020.
Tufan Erginbilgic has been BP’s Downstream chief executive and a member of its executive team since 2014. In his time leading the segment – which includes BP’s global fuels, lubricants and petrochemicals businesses – it has delivered over $5 billion in underlying annual earnings growth and expanded in fast-growing markets, retail partnerships, electric vehicle charging and use of bioproducts.
“Under Tufan’s leadership, BP’s Downstream has been at the heart of our return to growth; what he has achieved in this time is extraordinary,” said Bernard Looney, BP chief executive.
“He has transformed the business, leading a team that has delivered impressive results time and again. I have always appreciated his strategic thinking, expertise and understanding of the business and will miss having him on the team.”
“I am very proud of what we have achieved together in the Downstream,” added Tufan Erginbilgic.
“We have gone through an incredible transformation, delivered against our clear strategy and built a strong platform for continued growth. I truly feel privileged to have led this business – we have talented, dedicated people with great capability throughout the organisation and I am confident they have what it will take to compete and lead through the energy transition.”
An engineer by training, Erginbilgic joined Mobil in 1990, transferring to BP in 1997, and has held a wide variety of roles in refining and marketing in Turkey, various European countries and the UK. He became head of BP’s European fuels business in 2004 and of its global lubricants business in 2006, before moving to head the group chief executive’s office. From 2009 he was chief operating officer for the eastern hemisphere fuels value chains and lubricants businesses. Before his current role Erginbilgic had been chief operating officer of BP’s fuels business globally, accountable for all BP’s fuels, refining and marketing activities.
Erginbilgic’s successor will be announced separately.
OFTEC, which has been a leading voice in the oil heating industry for more than 25 years, is helping to equip installers with the training, skills and qualifications needed to thrive in a net zero energy market.
Trade Associations OFTEC, TSA and UKIFDA have kicked off 2020 with the launch of a future vision for liquid fuels ‘Supply Chain Strategy for Liquid Fuels’, which details the steps to be taken towards a transition to 100% biofuel to replace heating oil in 1.5m homes across the UK and 686,000 homes across Ireland.
The three trade associations will be joined by other trade bodies and industry representatives in a new ‘Taskforce for Liquid Biofuels’, which will use the policy proposals contained in this future vision document to support a transformational effect on the UK’s off grid heating market and enable Government to maintain a technology-neutral approach, as well as encourage all industries to find solutions.
UKIFDA
“Liquid fuel, more specifically a bio product, can be part of the solution to achieve net zero,” said Guy Pulham CEO of UKIFDA.
“Government talk about large scale electrification through the use of heat pumps, but we believe they need to look at alternatives as this is not feasible due to the high installation and running costs of heat pumps for off grid homeowners; the requirement for additional National Grid generation and infrastructure costs.
Recognising the Government’s targets on reducing fuel poverty, it is important any regulation around heat policy takes this into account. We can’t stress enough that electrification through the widespread use of heat pumps is not the only conclusion, especially for vulnerable consumers who might be adversely impacted if they install solutions which reduce emissions and carbon targets but lead to higher bills.”
OFTEC
“Our ‘Supply Chain Strategy for Liquid Fuels’ is a clarion call to Government to respond to the huge environmental challenges we face with practical and inspiring policies that could help the 2.2m oil heated homes in the UK and Ireland switch to a low carbon liquid fuel,” comments OFTEC chief executive Paul Rose.
Following detailed independent research that suggests that the cost of decarbonising liquid fuel for heating gives the best value to the consumer when compared with other low carbon solutions, we need policies to be ambitious enough for net zero but which also reflect the practical challenges and financial constraints of many households. Low carbon liquid fuels offer the highest carbon reduction impact for the lowest cost (Based on existing SAP 10.1 figures). Analysis also shows that sustainable, low carbon liquid fuels could be produced in sufficient volume in the UK, with the additional benefit of generating investment opportunities and creating new green jobs.”
TSA
“Together, we have developed an ambitious and realistic pathway, one which reduces risk, achieves short- and medium-term reduction in carbon emissions, puts the needs of the consumer first and encourages business to plan ahead in order to meet those needs,” adds TSA’s chief executive, Peter Davidson.
“The ‘Supply Chain Strategy for Liquid Fuels’ pathway sets five key challenges to the Government to:
Offering the best decarbonisation solution for oil heated homes, OFTEC says it’s time for government to back low carbon liquid fuels as the most practical, cost-effective solution.
OFTEC’s recently released ‘Industrial Strategy for decarbonising oil heated homes’ underlines the unique challenge of reducing heat emissions from off-grid properties presents, due to the diverse character, age, design, construction and sparse distribution of these homes.
Analysis of oil–heated properties in England alone reveals almost half were built before 1919 with hard to insulate, single-skinned walls, while 51% are detached and typically larger than average. These factors greatly contribute to their poor energy efficiency, with 97% falling into EPC Bands D-G¹.
Rural households also face additional challenges including lower disposable incomes² and significantly deeper levels of fuel poverty³. This means those least able to fund carbon reduction measures are living in the hardest and most expensive homes to treat.
OFTEC says it’s difficult to understand why current decarbonisation policy favours pushing oil heated households towards these expensive, disruptive solutions when a simpler, more affordable option can be developed which is less reliant on extensive retrofit work.
“Climate change is the biggest and most urgent challenge facing the world today and decisive action from all sectors of the economy is needed, including heat, explains Paul Rose, OFTEC CEO.
“Gaining consumer support for the necessary changes will be crucial to the success of any strategy. Without this vital part of the jigsaw, there is a risk that decarbonisation targets simply won’t be met.”
“Our strategy is based on in-depth, independent research which shows that for oil heated properties, low carbon liquid fuels offer the highest carbon reduction impact for the lowest cost⁴. Analysis also shows that sustainable, low carbon liquid fuels could be produced in sufficient volume in the UK, with the additional benefit of generating investment opportunities and creating new green jobs.
“Our industry is committed to delivering a 100% liquid biofuel by 2035, starting with a 30% biofuel and 70% kerosene blend from 2027, providing a fit-for-purpose solution which will command the confidence of consumers.
“OFTEC continues to work closely with the Department of Business, Energy and Industrial Strategy (BEIS) and other key stakeholders to gain support for low carbon liquid fuels but to achieve the wholesale changes required and successfully deploy this solution, full government backing will be required.”
http://bit.ly/OFTECStrategy
¹ BEIS Minister Written Answer, 29/10/2018 based on Analysis of National Housing Model input data, drawing from English Housing Survey 2014, Scottish Housing Condition Survey 2014, Welsh Housing Conditions Survey 2014
² DEFRA Statistical digest of rural England, June 2019
³ Renewable Energy Association Phase 3: Delivering the UK’s Bioenergy Potential
⁴ Based on existing SAP 10.1 figures
The Scottish Oil Club has announced a relaunch, with a new name and refreshed branding that better reflects its role as a discussion forum for professionals from across the energy sector.
The UK Petroleum Industry Association (UKPIA) has launched an energy manifesto ahead of the December general election, calling on the next Government to take the actions needed to strengthen the UK’s economically vital downstream oil sector whilst supporting the industry’s evolution to contribute to ‘Net Zero’ carbon emissions goals by 2050.
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.
Worcester Bosch has met with the chancellor of the exchequer, Sajid Javid MP, to present its developments in low-carbon heating technology.
The above topics will be among those being discussed today by two industry bodies – APEA Live and The Fuellers