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Evening Standard
Evening Standard
Craig Meighan

Oil and gas has long-term future if UK Government backs industry, report says

The report made several recommendations, including consent for Rosebank and Jackdaw (Jane Barlow/PA) - (PA Archive)

The UK risks accelerating the decline of the oil and gas industry despite overwhelming industry belief that the basin could still have a long-term future, a report has warned.

The paper by Aberdeen and Grampian Chamber of Commerce found 93% of the businesses it surveyed agreed there is still a future for the North Sea if the right economic conditions are created.

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