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<p>The independent oil and gas regulator, the Oil and Gas Authority (OGA), has a principal
statutory objective to maximise the economic recovery of petroleum from the UK Continental
Shelf. This informs their licensing decisions. In the UK, we have been producing oil
and gas from offshore fields for more than 50 years and the 31<sup>st</sup> offshore
licensing round could offer further opportunities to contribute to the UK’s diverse
energy mix as we transition to a low carbon economy.</p><p> </p><p>Oil and gas will
continue to play an important role as part of the energy mix for decades to come.
Greenhouse gas emissions from all sectors of the UK’s economy are taken into account
when assessing our performance against the carbon budgets.</p><p> </p><p>The UK remains
committed to the Paris Agreement and we are leading the world in our response to the
Intergovernmental Panel on Climate Change’s special report on global warming of 1.5°C–
commissioning the Committee on Climate Change (CCC) for their advice on the implications
of the Paris Agreement for the UK’s long-term emissions reduction targets, just one
week after its publication. As part of this, we have requested that they provide evidence
on how reductions in line with the CCC’s recommendations might be delivered in key
sectors of the economy and we will consider their advice carefully when it is received.</p>
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