Written question asked by Baroness Sheehan (Liberal Democrat) on Thursday, 9 December 2021, in the House of Lords. It was due for an answer on Thursday, 23 December 2021. It was answered by Lord Callanan (Conservative) on Monday, 20 December 2021 on behalf of the Department for Business, Energy and Industrial Strategy.
Offshore Structures: Assets
- Question
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To ask Her Majesty's Government what assessment they have made of the risk of stranded assets in relation to the further development of fossil fuel extraction infrastructure.
- Answer
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The UK regulators, the Oil and Gas Authority and the Offshore Petroleum Regulator for Environment and Decommissioning have a role in the licensing of future offshore oil and gas developments, but whether to proceed with them is a commercial decision for the operators concerned. The risk of ‘stranded assets’ will be among the many risks operators consider when making investment decisions.
Secondary information
- Type
- Written question
- Reference
- HL4847
- Session
- 2021-22
- Subjects
- Assets Offshore structures
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2021-12-20 17:26:13 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2021-22/HL4847
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2021-22/HL4847
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2021-22/HL4847