The British government faces a dilemma as it seeks to lead a clean energy boom while also supporting the oil and gas industry in the North Sea, which provides jobs and energy for the country. The government has been criticized for sending mixed signals to the sector and imposing taxes on energy company profits. Oil and gas production in Britain has been declining for years, but it still accounts for more than half of domestic consumption. The government must find a way to balance its clean energy agenda with the needs of an industry that is still important to the economy.
image sourced from original article at https://www.nytimes.com/2024/12/11/business/energy-environment/britain-oil-clean-energy-transition.html
Original article source: https://www.nytimes.com/2024/12/11/business/energy-environment/britain-oil-clean-energy-transition.html
Source Id: 8452061214