Labour plans oil bulletin
Energy: Analytical report on offshore industry to replace one axed by SNP
Labour has unveiled plans to establish a new oil and gas bulletin to replace a system axed by the Scottish Government.
Shadow UK Energy Secretary Rebecca LongBailey said the proposed analytical bulletin would report to the Holyrood and Westminster governments.
Speaking before a visit to Aberdeen today, she said the SNP government’s decision to abandon its own system “isn’t acceptable”.
The briefings were
“We would report regularly so we could assess the sector’s health”
published in the runup to the independence referendum in 2014, with the first using a “cautious” estimate of an oil price of $113 a barrel to argue Scotland could yield £48billion in tax revenues by 2018.
Further bulletins were published in 2013 and 2014 – with the next and last “topical analytical briefing” not appearing until 2015.
The Scottish Government has said the “requirement for any analytical bulletins is kept under review, and there is already a wealth of other published information”.
But Ms Long-Bailey said: “We think the issues facing the industry need to be regularly reported on, to the Scottish Government and Westminster, so we are aware of the challenges it faces. The SNP not reporting on it since 2015 isn’t acceptable, so in power we would report regularly so we could assess its health, and also what needs to happen.
“It will give us an opportunity to monitor what’s happening, but that won’t be the only aspect of support and collaborative monitoring we would implement.”
The Salford and Eccles MP told the Press and Journal a future Labour government would also move to establish an oil and gas council.
“One of the key parts of our industrial strategy, for example, is to set up sector councils, based on the automotive council, which we set up under a Labour government,” she said.
“It brings the industry together with the businesses in it, trade unions, academics and experts in the field to meet regularly to discuss what we need to do to drive the industry forward, and what areas of research and development we need to pursue, how we can diversify the industry, because there are a number of processes and technologies applicable to a number of different industries.”
PLEDGE: Shadow UK Energy Secretary Rebecca Long-Bailey has said Labour would reinstate the oil and gas bulletin