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Industry group warns that without increased domestic production energy supplies and costs could be more exposed to global market shifts, while government emphasises renewables and cost impacts.
Transcript
00:01The offshore energy industry is urging the UK government to back new oil and gas exploration
00:07in the North Sea. Workers in the industry have said that domestic production is needed to safeguard
00:13supplies and reduce vulnerability to global market instability. Offshore Energies UK says
00:19that without more homegrown oil and gas, the country could become more dependent on imported
00:24fuels at a time when international prices are volatile. The government has said new licenses
00:30will not be issued because they will not cut bills. The industry body argues oil and gas still
00:36supply much of the country's energy and will remain part of the mix alongside renewables for local
00:42households.
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