U.K. To Spend $22 Billion on Struggling Oil & Gas Sector

GALWAY, IRELAND--April 14, 2021--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The U.K. has committed to spending $22 billion to help its shrinking oil and gas industry reduce emissions, protect jobs and shift the country towards its goal of having net zero emissions by 2050.

Within this article: Details financial support for sector, new CO2 emissions reduction targets, state of sector today, future jobs