By Nishant Kumar
The U.K. has a target of net-zero greenhouse gas emissions by 2050, and is increasingly looking to renewables for a greater share of energy.
Oil output from the North Sea has dropped since the turn of the century as fields have got older. Still, the region is crucial for Scotland’s tax revenue and creating jobs. Some production from the area also make up the global Brent benchmark pricing.
About 39% of the 270,000 jobs in the U.K that the oil industry supports are in Scotland, according to the Telegraph.