The Scottish National Party has renewed calls for the UK government to use the Autumn Statement on November 23 to help the North Sea oil and gas industry, following the release of PwC’s report on the sector.
“Tory government ignorance of the needs of the North Sea industry is laid bare in this report,” SNP MSP for Aberdeenshire East, Gillian Martin, said in a statement sent to Rigzone.
“It makes clear that the oil and gas sector has the potential to develop, but only if the UK government provides the right support, which they have failed to do for decades. PwC has said that there is more than just the fall in the oil price to consider when looking at the industry’s future and it is clear that the UK government’s decades of mismanagement has left the oil and gas sector in this situation where it risks a rapid and premature decline if action is not taken,” she added.
Earlier this month, the Scottish National Party joined calls for the UK government to use the Autumn Statement to incentivize North Sea exploration and development. On November 7, Oil & Gas UK said it had written to the UK's Chancellor of the Exchequer, asking him to use his statement on November 23 to help boost investor confidence in North Sea exploration and production.
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