UK OIL AND GAS industry is teetering on the brink according to offshore union RMT who are demanding urgent government action to avoid job losses.
The union’s General Secretary Mike Cash has said if the Government doesn’t follow RMT’s advice livelihoods will disappear.
RMT General Secretary Mick Cash said; “The crisis offshore started with plummeting oil prices in January. After the pandemic took hold, RMT demanded that ministers deliver a package of measures to ensure that offshore oil and gas workers aren’t dumped by the industry in a rush to protect profits and dividends.
“Yet today we still have had nothing from Government whilst thousands of jobs are lost. Employers continue to estimate 30,000 job losses by October 2021.
“Exploration and production plans exist for 2.5 billion barrels of oil but the required investment has disappeared.
“If the Government doesn’t follow RMT’s advice and use decommissioning rate relief to protect jobs, skills, investment and resources, then offshore workers’ skills and livelihoods will disappear along with any prospects of a ‘Just Transition’ to a net zero carbon economy. We cannot let that happen.”