The Department for Business, Energy and Industrial Strategy (BEIS) has published a number of new policy statements relating to the Energy Security Bill which was introduced to Parliament on 6th July 2022.

The following are particular relevant to industry:

– Policy Statement: Offshore oil and gas and carbon storage – decommissioning cost recovery

– Policy statement: Carbon Dioxide (CO2) Transport and Storage Regulatory Investment Model

– Policy Statement: Carbon Dioxide (CO2) Transport and Storage, Hydrogen and Industrial Carbon Capture Business Model support

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Source: BEIS.

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