The inquiry report into the oil and gas industry by MPs on the Holyrood parliament’s Energy Committee urges the industry, trade unions and the Scottish and UK governments to collaborate to maximise economic recovery from the North Sea.
The report concludes: “The oil and gas sector is facing extremely challenging times at present with the significant and sustained fall in the price of crude oil since September 2014.
“The impact on jobs and wider consequences for the economies of the north east, Scotland and the UK is significant.
“Our report is a snapshot in time. We recognise that there are a range of scenarios that might play out over the coming years. No one can predict with any certainty what the oil price will be 12 months from now let alone further into the future.
“We believe that it is vital for the Scottish economy that Governments, the industry and the trade unions continue to work ever more closely together in order to ensure that the objective of maximising economic recovery of oil and gas from the UKCS is fulfilled prior to the inevitable decommissioning phase of its life.”
Meanwhile, two Scottish Green MSPs will lead a Holyrood debate today on the ‘need to move away from Scotland’s over-reliance on fossil fuels’.
Patrick Harvie MSP and Alison Johnstone MSP will invite other parties to vote on a motion calling on the Scottish Government to collaborate with workers, trade unions and industry to build a just transition to a secure sustainable economy.
In the debate, the Greens will argue that the recent job losses in the North Sea and the economic insecurity resulting from dramatic oil price fluctuations show that the scale of employment previously supported by the North Sea oil and gas extraction cannot be sustained.
The Greens will also highlight that a managed decline of North Sea oil and gas extraction could be an opportunity to capture the skills and experience of energy workers and create new employment in ‘more secure alternatives’ such as renewables, decommissioning and sustainable forestry.