North Sea Oil: Jobs vs Net Zero? | The Future of Energy Part 1

The future of oil and gas in the UK is one of the most pressing political questions of our time — and it’s at the heart of this debate. With the North Sea basin still a major source of energy and jobs in Scotland, how should the UK balance the demands of energy security, climate change targets, and community livelihoods?

In this special discussion, UK Energy Minister Michael Shanks MP (Labour), UK Shadow Secretary of State for Energy Claire Coutinho MP, and Deputy First Minister of Scotland Kate Forbes MSP (SNP) join host Calum Macdonald to debate:

• Should the UK continue issuing new North Sea oil and gas licences — or focus on a full energy transition? Does it need to be a binary choice?
• What does a true “just transition” for workers look like?
• How can Scotland and the UK lead in renewable energy while safeguarding existing industries?
• Who should pay for the costs of moving to net zero — taxpayers, energy companies, or both?

🔥 Key themes explored in the debate:

• Labour’s push for a phased transition and “mission-driven” investment in renewables.
• Conservative arguments that new oil licences are essential for jobs and energy security.
• SNP concerns about protecting communities while driving forward Scotland’s renewable future.
• The tension between climate goals and short-term energy needs.
• The global context: what the UK does (or doesn’t) means little if countries like China and India don’t follow suit.

Scottish politics, the future of energy, and the road to net zero.

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Part 1 of 2.

In association with the Aberdeen and Grampian Chamber of Commerce. Sponsored by Shepherd and Wedderburn.

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