SCOTLAND’S oil and gas industry has warned it “has been compounded by the triple whammy of Covid-19, low oil price and low gas price” – which puts its ambition to transition away from fossil fuels at risk. The sector, which has committed to transforming its industries to carbon net zero by 2050, has told MSPs that low prices for its products will hamper the overhaul – and stressed that capital Government funding to shake up infrastructure to support going green will be needed.
Herald 30th Aug 2020 read more »