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Evening Standard
Evening Standard
Business
Oscar Williams-Grut

Spend profits from high oil and gas prices on net zero, energy giants told

An oil rig anchored in the Cromarty Firth, Invergordon

(Picture: PA)

Oil and gas companies have been told to spend their record profits on going green, as the Government says environmental targets will not be abandoned for the sake of energy security.

The head of the UK’s Oil and Gas Authority, which today rebranded as the North Sea Transition Authority, said the agency was “holding North Sea operators to account on emissions” even as the Government encourages more investment in domestic fossil fuel production.

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