Source · Select Committees · Environmental Audit Committee
Recommendation 38
38
Accepted
Paragraph: 216
Oil and gas companies must accelerate their efforts to electrify offshore platforms, stop flaring and...
Recommendation
Oil and gas companies must accelerate their efforts to electrify offshore platforms, stop flaring and address methane leakage. We recommend that all oil and gas companies involved in extraction of fossil fuels from areas within the UK’s jurisdiction report annually on their progress in decarbonising their activities. We further recommend that the North Sea Transition Authority identify and publish a league table of the best and worst performing companies, so that investors, non-governmental organisations and policymakers can monitor progress.
Government Response Summary
The government responded that the NSTA already reports domestic production emission data via its annual Emissions Monitoring Report and has published asset level domestic production emission information in publicly available dashboards.
Paragraph Reference:
216
Government Response
Accepted
HM Government
Accepted
The NSTA reports domestic production emission data via its annual Emissions Monitoring Report at an aggregated (basin-wide) level. As part of the NSTA’s work to increase transparency we have recently published asset level domestic production emission information in publicly available dashboards [NSTA Emissions Monitoring Dashboard]. This information will allow interested parties to compare the relative emissions performance of all oil and gas operations in the UKCS. The NSTA actively promotes the importance of robust, consistent, and transparent annual reporting. In December 2022 the NSTA published its first ESG disclosure report highlighting industry progress on ESG reporting.