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Transcripts For BBCNEWS Verified 20240704

First, heres our Political Correspondent ione wells reports. July saw the world heating up. Now, political debates around energy and Climate Change also hotting up, too. The government has said it will back hundreds of new licences for oil and Gas Production sites like this in the north sea. Its also confirmed it will support two new Carbon Capture and storage projects in northeast scotland and the humber. These would capture Carbon Dioxide where fossil fuels are burned and pipe it under the sea to store it. Climate campaigners fear it is a tactic to give the Fossil Fuel Industry in business. To keep the Fossil Fuel Industry. The Prime Minister, on a visit to aberdeenshire, argued todays announcements would help the uk reach its Net Zero Target by 2050 while still backing new oil and gas. Even in 2050, when we are at net zero, it is forecast that around a quarter of our energy needs will still come from oil and gas. Thats why technologies like Carbon Capture and storage are important.

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