Member Article

NOF Energy comment on Energy Bill third reading

Commenting on the third reading of the Energy Bill and the defeat of the rebel amendment on decarbonisation, George Rafferty, Chief Executive of NOF Energy, the business support organisation, which represents more than 400 supply chain companies in oil, gas, nuclear and offshore renewables sectors, said:

“The Energy Bill is taking slow steps towards helping establish a clear vision for the future of the sector, which will hopefully inject much-needed confidence into decision makers within the industry.

“This Bill has been beset with delays that have had a detrimental effect on the industry that it is designed to support, but it now has to have a smooth path towards becoming legislation.”

“The Government believes that the legislation would enable billions of pounds of low carbon investment and create around a quarter of a million jobs. However, in the here and now, there are companies in the supply chain that are already geared up to serve the energy industry and require the confidence of operators and investors to take the sector forward.

“Over the past five years the supply chain has actively responded to the balanced energy agenda to ensure its products and services meet the challenges of traditional hydrocarbon resources as well as the emerging sectors such as offshore renewables. The role these companies play in the economy should not be underestimated and a secure industry will maintain their position in the market and the contribution they make to UK plc.”

This was posted in Bdaily's Members' News section by Recognition PR Business Team .