Overview
- The Aberdeen & Grampian Chamber of Commerce survey found almost 50% of energy firms have seen staff leave UK operations for overseas roles due to weak confidence, uncompetitive policy.
- Firms predict that by 2027-28 the bulk of their projects will shift abroad; most work is expected to take place outside the UK by 2030.
- The government’s energy profit levy reaching up to 78% is cited as key factor undermining investment; lack of viable domestic projects is also blamed.
- Mark Stewart of Johnston Carmichael; Bob Drummond of D2Zero caution that absence of policy stability risks eroding the UK’s industrial base; experts warn this could leave the country lagging behind international peers.
- A coalition under the North Sea Transition Taskforce urges a comprehensive national delivery plan designed to secure supply chains; retain skilled workers; support a fair energy transition.