Abstract
As North Sea petroleum moves towards the end of its lifespan, the UK taxpayer is to spend some £25 billion to pay nearly half the cost of removing the offshore infrastructure.
This might sound like the right thing to do, but as I have argued before, it is probably not the best use of public money. The environmental benefits of decommissioning are questionable. If we instead spent the money on, say, building more renewable energy, it would create jobs for longer and you would generate carbon-free power for your trouble. Others might not share this view – my point is it’s a debate we’re not having.
This might sound like the right thing to do, but as I have argued before, it is probably not the best use of public money. The environmental benefits of decommissioning are questionable. If we instead spent the money on, say, building more renewable energy, it would create jobs for longer and you would generate carbon-free power for your trouble. Others might not share this view – my point is it’s a debate we’re not having.
Original language | English |
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Specialist publication | The Conversation |
Publisher | The Conversation UK |
Publication status | Published - 11 Apr 2018 |
Keywords
- Scotland
- Oil and gas
- North Sea oil
- North Sea
- Offshore decommissioning