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Taking centre stage: Natural gas to be a driving force in the road to net zero
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Taking Centre Stage: Natural Gas to Be a Driving Force in the Road to Net Zero
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happening in the world stage. there is a lack of investment in infrastructure in international oil companies, and the reason for that is to do with the psychical nature of the industry. it is a boom and bust industry, energy, and that has a massive impact on investment cycles, on capacity and ultimately the price that consumers pay for their energy. but right now it is boom, it is boom time, and everyone is looking to bp, which decades ago said the p stands for beyond petroleum, to invest in a renewable, sustainable future, and shell and all the other rivals, so what are we seeing when it comes to that? it has got the boom time, what is it doing to invest in our future? ~ , is it doing to invest in our future? is it doing to invest in our future? ~ , . ., ~ future? well, they are making hue future? well, they are making huge investments future? well, they are making huge investments in future? well, they are making huge investments in energy i huge investments in energy transition
on the energy strategy this year that we really, really want and need oil and gas as a transition fuel to get us to net zero. there are few more passionate advocates of net zero than myself in government. i think it s something which is economically and environmentally logical, but we re not going to get there in a single bound. it s a 30 year commitment, and in order to maximise our chances of getting there at minimum cost and disruption, we are going to need north sea oil and gas. just to come back to adam s first point now. i guess there will be some people thinking, why does it take the government so long to get to where it s going to end up? so labour and the liberal democrats have been going, windfall tax, windfall tax, windfall tax, windfall tax. and there have been ministers, the business secretary, one of them, is going, whoa, whoa, no windfall tax. and then it felt like this inevitable plod towards a windfall tax. so why go through that process? well, it s partly because,
go bust and that will be good for you. go bust and that will be good for ou. ~ ., go bust and that will be good for ou. ~ ~ , ., go bust and that will be good for ou. ~ ~ i. ., go bust and that will be good for ou. ~ ~ ., ., for you. we think if you are an ener: for you. we think if you are an energy retailer for you. we think if you are an energy retailer in for you. we think if you are an energy retailer in the - for you. we think if you are an energy retailer in the uk - for you. we think if you are an energy retailer in the uk it - for you. we think if you are an energy retailer in the uk it is i energy retailer in the uk it is very important that you have the financial resources to deliver on the commitments that you make to your customers. and if you don t, then we will see more supplierfailures if you don t, then we will see more supplier failures then we saw in 2021. more supplier failures then we saw in 2021- saw in 2021. how long this last? people saw in 2021. how long
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