Economic Report 2019

ECONOMIC REPORT 2019

WHAT INDUSTRY HAS ALREADY DONE:

Oil and gas companies have already supported the implementation of CCUS at 18 sites around the world, capturing many million tonnes of CO 2 . OGUK member companies are active in all the current UK cluster projects on an individual basis and through the Oil and Gas Climate Initiative (OGCI).

Work with governments and regulators to develop a commercial, regulatory and technical framework which will allow the required assets to be made available for transport and storage of carbon, and to provide a reliable storage service to projects that capture CO 2 .

WHAT INDUSTRY CAN DO:

A positive investment framework and long-term commitment including: infrastructure liability, measurement, reporting and verification; amendments to EU/UK legislation; recognition that decarbonised gas is key to meeting UK industrial and domestic heat requirements; and further supportive legislation to develop a UK hydrogen industry.

WHAT WILL BE REQUIRED:

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