North Sea oil industry down but not out, insists lobby group

Mar 18, 2016

“Richard Howard, from the centre right Policy Exchange thinktank, said it made sense to help the North Sea oil industry as the chancellor had done, as Britain would otherwise be even more dependent on foreign imports.

“The UK is still reliant on fossil fuels,” he said. “If the Treasury did nothing then you would just see the global companies that work there go elsewhere and the North Sea would decline even more quickly.”

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