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Banff and Buchan MP hails Rishi Sunak's visit to Aberdeen as evidence of commitment to future energy developments

By David Porter

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David Duguid MP has described Rishi Sunak’s visit to Aberdeen as further evidence that the UK Government is committed to energy future in the North Sea.

The Chancellor spoke with Mr Duguid as he met key oil and gas organisations in Aberdeen to hear about their contributions to the net zero transition while also discussing North Sea investment.

He also spoke about the Energy Profits Levy, in which the new 80 per cent investment allowance is expected to lead to an overall increase in commitment to the North Sea sector.

The Chancellor hosted a roundtable with oil and gas bosses and stressed the key role of the North Sea to the UK's domestic energy supply and security following Putin's invasion of Ukraine.

Mr Duguid said it was also important for the Chancellor to hear from industry leaders about the importance of Carbon Capture and Storage (CCS).

It comes after the Banff and Buchan MP welcomed the Singaporean Government who visited the Acorn CCS and Hydrogen Project at St Fergus on Monday to see its decarbonisation infrastructure.

David Duguid met with Rishi Sunak in Aberdeen
David Duguid met with Rishi Sunak in Aberdeen

David Duguid MP said: “I’m delighted Chancellor Rishi Sunak visited the north-east to meet key industry stakeholders within our oil and gas industry.

“This visit again emphasises our commitment to safeguard the sector rather than recklessly close it down which is exactly what the SNP-Green Government hope to achieve.

“I discussed with the Chancellor the need for these discussions to continue on a regular basis because our oil and gas industry is crucial to both our energy security and energy transition objectives.

“I’m particularly pleased Mr Sunak had the opportunity to hear directly from leaders about the need for CCS.

“CCS is an important part of how the UK gets to net zero, which is reflected in the £16 billion North Sea Transition Deal and the £41 million already invested by the UK Government into Acorn.

“Stakeholders are hopeful of the St Fergus project being operational by 2026 which is why it’s important we continue to support the development at every stage to make this happen.”

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