Source · Select Committees · Environmental Audit Committee
Recommendation 2
2
Paragraph: 34
Require the North Sea Transition Authority to calculate decommissioning cost impacts for new licences.
Recommendation
We recommend that to mitigate against the risk of stranded assets from North Sea extraction, the North Sea Transition Authority should calculate what the impact to the UK taxpayer and company profitability would be of requiring the cost of decommissioning to be absorbed for new oil and gas licences through the introduction of duties on operators.
Paragraph Reference:
34
Government Response
A response document is linked to this report, dated 23 February 2024. Response attribution to this recommendation has not been verified. Read the response document ↗