The North Sea still contains large quantities of oil and gas but how much longer can it continue to be extracted?
The North Sea still contains large quantities of oil and gas but, in the midst of a climate emergency, how much longer can it continue to be extracted?
Climate activists say the failure to act quickly enough to move away from fossil fuels is allowing the oil firms to carry on, making the climate emergency more difficult to tackle. The first North Sea oil came ashore in June 1975 and is thought to have peaked in 1999, with about 45 billion barrels extracted so far.
"To my mind, rather than shutting the North Sea down we should exploit it as part of the transition." "We will do everything we can to compress that period and make it faster but what we're talking about is changing the infrastructure of the world," he says. "That takes time."It owns 30% of the controversial Cambo development it but it is not the operator.
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