London, 9/12/2020 – As the Climate Change Committee’s (CCC) recommendations on the level of the Sixth Carbon Budget are released, the UK downstream oil sector reiterates that it wants to work closely with UK governments to deliver the most effective policy and economic frameworks needed to reach Net-Zero.
Downstream oil is already playing a significant role in meeting societal targets for decarbonisation, for example delivering increasing blends of biofuels in petrol and diesel, as well as the rollout of hundreds of EV chargers at forecourts across the country.
UKPIA launched its report titled - “Transition, Transformation, and Innovation: Our role in the Net-Zero Challenge” in October, which looked at credible scenarios and sets out an illustrative pathway for the sector in the energy transition.
The downstream sector has always risen to the challenges put forward by society and governments, and it will continue to do so to reach our Net-Zero goals.
Quotes attributed to UKPIA Director-General, Stephen Marcos Jones.
“This is an exciting yet challenging period of evolution for the downstream oil sector - we are committed to action on climate change and with the right policy framework, this sector will do its part to deliver Net-Zero.
It is only through industry and government working closely together that the task of Net-Zero will be achieved in the UK.
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Notes to Editors:
- The UK Petroleum Industry Association (UKPIA) represents eight oil refining and marketing companies that operate the six major oil refineries in the UK and source over 85% of the transport fuels used. UKPIA members also own around 1,250 of the UK's 8,476 filling stations in the UK.
- UKPIA’s members are BP, Essar, Exxonmobil, Petroineos, Phillips 66, Shell, Total and Valero.
- TheTransition, Transformation, and Innovation: Our role in the Net-Zero Challenge report is available here or in hard copy on request from the UKPIA Press Office.