Will the UK Sacrifice the North Sea to Net Zero? with Kathryn Porter & Martin Copeland

As Keir Starmer and Ed Miliband return from COP30 in Brazil, I wanted to take a look at the UK’s energy policy amid a global backdrop suggesting the world is turning away from net-zero absolutism towards more human-centric policy options. 

The Overton window on energy policy is being pushed aside by the likes of Tony Blair, Bill Gates, and, significantly, by the lobbying interests of big technology, and resource nationalism is being reasserted. 

In the run-up to the next General Election, the UK’s energy policy will form a key battleground, and in particular, our sky-high energy prices and the future of our North Sea hydrocarbons industry will be critical factors in the debate.  

So, I was delighted to be joined, last week, by Kathryn Porter, Watt Logic energy consultant and Telegraph columnist, and Martin Copeland Chief Financial Officer of North Sea oil and gas operator, Serica Energy for a discussion about the UK’s energy policy and the future of the North Sea, for a hugely insightful conversation. 

While we covered a lot of ground, the key question is whether the UK is prepared to sacrifice its North Sea oil and gas industry to the god of net-zero.
 

While it has already been severely damaged, it is not too late for government policy to save the jobs and energy reserves at stake, but action is needed in the upcoming Budget. This significant event could mark a turning point for an industry on the brink of destruction from the irrational pursuit of territorial net-zero at all costs. 

As ever, none of what you are about to hear is any kind of advice, but hopefully you will find it both entertaining and informative. Please seek personal financial advice before investing a penny in these crazy markets. 

And with that said, please enjoy my conversation with Kathryn Porter and Martin Copeland.

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