M
Member
Speaking in the House of Lords on 15 December 2025
Debate
Oil and Gas Authority (Carbon Storage and Offshore Petroleum) (Specified Periods for Disclosure of Protected Material) Regulations 2026Contribution
Given that context, it is reasonable to ask the Government how these regulations fit within a credible and coherent plan for the offshore sector. First, can the Minister set out how the Government intend to restore and support investor confidence in carbon capture and storage? As an aside, it was deeply disappointing to read in the weekend press that Drax is scaling back its ambitions for CCUS. It has halved its financial commitment and workforce, meaning the loss of 100 jobs in both the main group and its Elimini carbon capture business in the US.
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