Updated oil and gas guidance following Supreme Court ruling
The government has updated its guidance for oil and gas companies following the Supreme Court ruling on climate change.
The Supreme Court ruled in June 2023 that the government’s climate change policy was unlawful because it did not take into account the impact of greenhouse gas emissions from oil and gas exploration and production.
The updated guidance sets out how oil and gas companies should report on their greenhouse gas emissions and how they should plan for a net zero future.
It also includes new measures to reduce the environmental impact of oil and gas exploration and production, such as:
- A requirement for companies to use the best available technology to reduce emissions
- A ban on flaring of gas
- A requirement for companies to offset their emissions
The government said the updated guidance is part of its commitment to tackling climate change and protecting the environment.
Environmental groups welcomed the updated guidance, but said it did not go far enough.
Greenpeace said the guidance was “a step in the right direction, but it is still not enough to ensure that the oil and gas industry is compatible with a safe climate.”
Friends of the Earth said the guidance was “too weak and too late.”
The oil and gas industry said it was committed to reducing its environmental impact.
Shell said it was “committed to playing our part in the global energy transition and to reducing our environmental impact.”
BP said it was “working hard to reduce our emissions and to develop new low-carbon technologies.”
The updated guidance is a significant step forward in the government’s efforts to tackle climate change and protect the environment.
It sets out clear expectations for oil and gas companies and provides them with the tools they need to reduce their environmental impact.
However, it is important to note that the guidance is not legally binding. It is up to individual companies to decide whether or not they will implement the recommendations.
It is also important to note that the oil and gas industry is a major source of greenhouse gas emissions.
If the industry does not take steps to reduce its emissions, it will be difficult for the UK to meet its climate change targets.
The updated guidance is a welcome step forward, but it is only one part of the solution. The government, the oil and gas industry, and environmental groups all need to work together to reduce emissions and protect the environment.
Updated oil and gas guidance following Supreme Court ruling
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