EVOL: Political theatre, hydrogen headaches, and crude constraints
This week, the commons threw out a proposed bill to 'get Britain drilling', the hydrogen sector offered insight into project delivery, and Wood Mac painted a bleak picture for global oil.
Host and Aberdeen features lead, Ryan Duff, news reporter editor Mat Perry, renewables reporter Micheal Behr, and North West correspondent Floyd March discuss the weeks headlines.
Up first, Michael asks if the Conservative Party's proposed Get Britain Drilling Bill was little more than political theatre after it was shot down by a 215 MP majority. We reflect on the opposition party's approach to oil and gas and how it has positioned itself as the Labour government looks to make good on its manifest commitment of banning exploration in the North Sea.
Next, Floyd discusses the state of play in the hydrogen sector after he attended Hydrogen Week. Although some projects have stalled due to delays in Hydrogen Allocation Round 2 announcements and the governments strategy for the fuel source, industry remained positive.
Finally, Mat talks us through Wood Mac's latest insights into the global impacts of ongoing oil supply constraints in the wake of war in the Middle East. He highlights that although the UK may be able to weather the storm that will be high prices, other nations will not be as fortunate.