UK Regulator to Crack Down on Emissions From Oil and Gas Fields
- Report says operators could lose out on development approvals
- NSTA in 2021 obligated producers to help meet net-zero goals
Emissions from the production of the two fossil fuels account for about 3% of the UK’s total greenhouse gas emissions, the bulk of which are from power generation on fields.
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The UK’s oil and gas regulator is laying out stricter guidelines for producers to reduce emissions or risk losing out on regulatory approvals.
An updated emissions plan “makes it clear that for production to continue in the North Sea, it must also become cleaner,” the North Sea Transition Authority said in a report published Wednesday. Operators shouldn’t expect approvals if they could curb emissions and choose not to, it added.