The chief executive of the leading representative body for the UK’s offshore oil and gas industry has today urged Aberdeen to grab the £1trillion of business opportunities presented by moves to net zero.
Speaking at the State of the Cities Conference today in Aberdeen, Deirdre Michie said
“Indeed, as the excellent Climate Change Committee report showed, there will still be demand for oil and gas in the UK by 2050, at just under half of what it is today,
“And meeting as much of this from domestic resources is therefore crucial.
“At the same time our industry and this city can support the development and commercialisation of low carbon technologies including CCUS and hydrogen - identified as vital to a net zero outcome by the CCC.
“To put the size of that prize in context, oil and gas companies currently support CCUS schemes at only 18 sites across the world,
“But we know that 10,000 will be required globally by 2070.
“It’s an exciting proposition because as we look to become a smart net zero energy industry we will need a smart net zero energy Aberdeen and shire to help us do this.
“Aberdeen as Europe’s oil capital has served us all well and we are hugely appreciative of the support from the north east,
“The opportunity is now as the industry shifts its focus, for Aberdeen to also position itself not just as Europe’s net zero city but as the world’s net zero energy capital.”
