| Comment | this is completely untrue. Cambo is the first project to have had any influence from climate change policy and that wouldn't have been up and running for years anyway. If anything, policy has been pushing us towards increased utilisation of North Sea gas reserves as we've shut down coal
we've had about a 1/3rd of our supplies from imported LNG for years, and the reason we've been using it in preference to local reserves is that it was massively cheaper; we had the total opposite problem until very recently, OPEC oversupply in 2019/20 was trashing the domestic market due to incredibly cheap gas being available from Saudi Arabia/Russia
if anything, COP26 commitments are the way out of this as renewables are by their very nature not dependent the international cost of fuels and the geopolitics around them |
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