Meeting of the Parliament 14 May 2025
The energy transition is at the heart of Scotland’s economic growth potential as well as our response to global climate change, and it is vital to our energy security. Our oil and gas workforce really does give us an advantage over other countries in that energy transition. Even if it were not an existential imperative for us to decrease our reliance on the burning of fossil fuels in our daily lives, the maturity of the North Sea basin is a fact that must propel our sector to pivot to secure future energy opportunities in Scotland for decades and into future generations.
It is not a case of having oil of gas over here and renewables over there—it is a whole energy sector, with oil and gas companies also holding licence options in Scotland, as members will know.
Harbour Energy has said that its decision to cut jobs is largely down to the UK Government’s energy profits levy. The Deputy First Minister met with the company last week, and the Cabinet Secretary for Finance and Local Government met industry stakeholders today, to discuss the impacts of the EPL.
The EPL was introduced as a supposed temporary measure by the former Conservative UK Government.