Scotland has, in abundance, all the raw ingredients necessary for the production of low-cost hydrogen as well as one of the largest concentrations of offshore engineering expertise in the world that can harness Scotland’s renewable energy potential in technologies like wind, wave and tidal power, to produce green hydrogen.
There are encouraging signs Scotland’s oil and gas industry is emerging from its recent downturn, thanks to the efforts of the men and women who have made it an international success story. Despite raising £330 billion in tax revenues for the UK Treasury, Westminster has repeatedly failed to provide adequate support for the industry and…
The SNP will continue to support the further growth of community and locally owned renewable energy projects, and set new targets of 1 GW of community and locally-owned energy by 2020, and 2 GW by 2030.
The SNP Scottish Government has welcomed the confirmation from analysts that production of gas at the newly opened gas fields at Laggan and Tormore is expected to meet 100% of Scotland’s average gas demand. Good news for Shetland, for Scotland, and for our North Sea industry.
The SNP Scottish Government will continue to do all it can to support the North Sea oil and gas industry through its current challenges. It is clear, however, that the UK Government must take urgent action to reduce the headline rate of tax at the March Budget. The fiscal regime must not be a barrier to investment and activity in the North Sea.