Energy and Climate Change Committee Inquiry Into UK Deepwater Drilling PDF Download
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Languages : en
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Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
Publisher: The Stationery Office
ISBN: 9780215555793
Category : Business & Economics
Languages : en
Pages : 198
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On 20 April 2010, a blowout of BP's Macondo well in the Gulf of Mexico led to the deaths of 11 workers on Transocean's Deepwater Horizon drilling rig, and the release of an estimated 4.9 million barrels of oil. The European Commission called for a moratorium but the UK government decided its regulatory controls were fit for purpose. However a full review of the oil and gas environmental regulatory regime would be undertaken. The Committee believes that the UK has high regulatory standards - as exemplified by the Safety Case regime that was set up in response to the 1988 Piper Alpha tragedy in 1988. The blowout in the Gulf of Mexico could have been prevented if the last-line of defence - the blind shear ram on the blowout preventer had activated and crushed the drill pipe. Given the importance of this equipment the committee recommends prescribing specifically that blowout preventers should have two blind shear rams and that simple, potential failures mustn't be left unchecked. The Committee also recommends that the Bly report conclusions, BP's internal investigation, be considered alongside observations of other companies involved. They believe that should an oil spill resulting from drilling activities occur in the UK there needs to be an absolute clarity as to the identity of the responsible party, and that liability legislation needs to ensure prompt compensation. They conclude that any calls for increased oversight of the UK offshore industry should be rejected in favour of multilateral approaches to regulation and oil spill response
Author: Great Britain. Parliament House of Commons. Energy and Climate Change Committee
Publisher:
ISBN:
Category : Offshore oil well drilling
Languages : en
Pages : 0
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Author: Great Britain. Parliament. House of Commons. Energy and Climate Change Committee
Publisher:
ISBN: 9780215557063
Category : BP Deepwater Horizon Explosion and Oil Spill, 2010
Languages : en
Pages : 27
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Book Description
Government response to HC 450-I, session 2010-11 (ISBN 9780215555793)
Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
Publisher: The Stationery Office
ISBN: 9780215048295
Category : Business & Economics
Languages : en
Pages : 40
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The Committee held a pre-appointment hearing with the Government's preferred candidate for the post of chair of the Committee on Climate Change, Lord Deben (the former MP and Government minister, John Gummer). It concludes that he is a suitable candidate and recommends that he be appointed to the position
Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
Publisher: The Stationery Office
ISBN: 9780215047281
Category : Business & Economics
Languages : en
Pages : 90
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In the biggest shake-up of the electricity market since privatisation, the Energy Bill will introduce a new system of long-term contracts to give power companies a guaranteed price for the low-carbon electricity they produce. This is intended to reduce the risk of investment in projects with high up-front capital costs, such as nuclear reactors and offshore wind farms. Initial consultation last year led investors to believe that the "Contracts for Difference" (CfD) would be guaranteed by the State - therefore lowering the cost of capital. But the Treasury has apparently intervened to ensure that the contracts are not government guaranteed. The new model for contracts will spread the liability across various energy companies instead; raising concerns that the plans are now too complex and possibly not legally enforceable. The MPs are calling on the Government to use its AAA-credit rating to underwrite the new contracts in order to keep the costs of energy investment down for consumers. The Committee heard that the spending cap set by the Treasury - which limits the green levies that can be passed on to consumers in energy bills - could introduce an "unacceptable" level of risk to companies who are looking to build new wind, solar, wave or tidal power plants, creating uncertainty amongst investors about which projects will receive support. This is already having an impact of investment decisions and could paradoxically push-up energy costs for consumers. The Committee says that the Government must come up with a stronger contract design before the Bill is expected to be introduced to Parliament in the autumn
Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
Publisher: The Stationery Office
ISBN: 9780215061478
Category : Business & Economics
Languages : en
Pages : 142
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Government provides support to households who install small-scale renewable energy systems through Feed-in Tariffs (FiT), while large scale projects like off-shore wind farms will soon be supported through new fixed-price Contracts for Difference (CfDs). Medium sized energy projects of between 10 - 50 Megawatts (MW) currently fall in the gap and do not receive support. Giving communities a stake in local energy projects has the potential to broaden public understanding of energy issues and could also enhance the security and efficiency of the energy system as a whole. This report identifies a number of barriers that can prevent local energy projects getting off the ground. Securing funding and Power Purchase Agreements, connecting to the grid and overcoming public opposition can all prove difficult. Obtaining planning permission can be costly and time-consuming, and the risk of losing tens of thousands of pounds if permission is not granted is a huge obstacle for community groups or small cooperatives. Some form of support mechanism is needed alongside a comprehensive package of measures addressing finance, planning, grid access and advice. The Green Investment Bank could provide seed funding and project development funding for feasibility studies, grid permits, etc to reduce some of the risk in getting projects through the planning process. Government needs to do more to encourage local authorities to identify suitable areas for renewable energy development and to develop clear guidance about what is expected from local energy projects. National level planning guidance should be provided on technical issues that hold up planning consent for wind turbines and other low-carbon technologies
Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
Publisher: The Stationery Office
ISBN: 9780215047687
Category : Political Science
Languages : en
Pages : 136
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Book Description
China is the fastest growing economy in the world and by 2030 could account for half of the world's CO2 emissions. It has recently set out ambitious plans to reduce the carbon intensity of its economy, boost green energy, draft a new climate law and introduce carbon trading. MPs say that this is the ideal time for the UK to work together with China; both to prepare the ground for a future international agreement and to secure potential opportunities for British businesses in China's burgeoning markets for low-carbon technologies (currently worth around £430 billion). The report warns, however, that the Government's work in China suffers from a lack of strategic direction. There are too many small projects, focused on too many different areas, rather than a coordinated effort to achieve key objectives tailored to appeal to Chinese priorities and which build on UK strengths. For policy, this means a focus on carbon pricing and accounting, where the UK has experience to offer. In the business area this mean identifying the potential markets and technologies in which the UK could have a comparative advantage. One area in which the UK could establish a comparative advantage with the right Government support is carbon, capture and storage (CCS) technology which could be a substantial export earner if the UK is able to develop CCS expertise early. The UK's ability to influence policy in China and to compete for business in low-carbon development depends on the reputation of the UK as a credible leader
Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee
Publisher: The Stationery Office
ISBN: 9780215561886
Category : Business & Economics
Languages : en
Pages : 294
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The Government must start thinking strategically about energy security to protect the UK's energy supply against short-term shocks and rising global energy prices, according to a report by MPs on the Energy and Climate Change Committee. Gas storage capacity needs to be increased in the UK to minimise the potential damage from supply interruptions or price spikes, the report argues. It reveals that the UK's current storage capacity amounts to only 14 days worth of gas supply - a dangerously low level compared with France which has 87 days worth of gas storage, Germany 69 and Italy 59. 19 gigawatts (GW) of ageing electricity plant will close by 2018 and the UK will become increasingly reliant on energy imports as North Sea oil and gas reserves decline. The report concludes that new electricity generation currently being built or planned will fill this "gap". But it urges the Government to ensure security of supply by delivering on its energy efficiency targets, rolling out smart meters - that can balance demand - and maintaining a diverse energy mix.
Author: Ues Enmez Emre Paterson John Gordon Greg
Publisher: Edinburgh University Press
ISBN: 0748697837
Category : Law
Languages : en
Pages : 705
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Book Description
This highly successful book brings together academic and practising lawyers to consider the key regulatory and contractual dimensions of the mature hydrocarbon province. Now in its second edition, the text has been fully updated. New chapters look at Energy Security, Law and Technology in the Oil Field and Acquisitions and Disposals.
