Source · Select Committees · Environmental Audit Committee
Recommendation 34
34
Sectoral involvement in drafting a deal of this nature is normal.
Conclusion
Sectoral involvement in drafting a deal of this nature is normal. It also makes sense for the industry to be involved in the monitoring and governance of a voluntary deal. However, we are concerned that the targets and accountability arrangements in the Deal are weak and lack the urgent and transformative action which the CCC says is required. In particular, there appear to be few sanctions available to the North Sea Transition Authority in the event that companies do not achieve the production emissions targets they have agreed to meet. (Paragraph 200) Accelerating the transition from fossil fuels and securing energy supplies 87
Government Response
A response document is linked to this report, dated 23 March 2023. Response attribution to this conclusion has not been verified. Read the response document ↗