Oil And Gas UK's Annual Economic Report
EDM number 415 in 2015-16, proposed by Callum McCaig on 09/09/2015.
Categorised under the topics of Economic situation, Industry and Oil, petrol and natural gas.
That this House welcomes the release of Oil and Gas UK's annual Economic Report; notes that this has been a challenging time for all those involved in the industry; congratulates all those involved in the sector for their hard work and commitment; regrets that capital investment is likely to drop by between £2 billion and £4 billion in each of the next three years as a consequence of new projects failing to gain approval; and urges the Government to increase incentives for exploration in the North Sea to ensure the longevity of the industry.
This motion has been signed by a total of 24 MPs.
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