THE boss of Peterhead Port told MPs and renewable company bosses that he has never been so excited about the energy opportunities in the North Sea.
However, he warned the UK Government not to kill off the oil and gas sector that will be needed to make the net zero transition a reality.
PPA chief executive Graeme Reid said: “Despite our successful 400-year legacy, I believe the best is yet to come for Peterhead Port.
“From a personal perspective, I’ve never been more excited about the prospects that we have – fishing, wind, hydrogen, CCUS, decommissioning and ongoing oil and gas production logistics support.”
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However, Mr Reid sounded a warning with the Budget looming and the prospect of further punitive taxes and reduced investment allowances for energy companies.
Guests at the event at the House of Commons hosted by the Port included MPs from all major political parties – and Energy Minister Michael Shanks – as well as representatives from wind, hydrogen, CCUS, and a plethora of other energy transition businesses and associated service companies.
