Going Green
Going Green
Is North Sea Oil Still Needed In 2050?
in this episode, we explore the complex and often contentious topic of North Sea oil and its role in the current energy landscape. As the world gradually shifts towards renewable energy sources, the need for traditional carbon-based energy, particularly oil and gas, remains a topic of heated debate. This video delves into the reasons why new oil and gas licenses are still being sought and granted, even amidst global efforts to reduce carbon emissions and combat climate change.
the crucial role of North Sea oil in the evolving energy landscape, even as the world shifts towards renewable energy. Despite the global push for carbon neutrality, the video highlights why new oil and gas licenses are still relevant and necessary.
<b>Welcome to the Going Green podcast.</b><b>In this episode, we're going to have a</b><b>look at these new licenses that have</b><b>been granted for North Sea oil and gas</b><b>projects, and we're going to have a</b><b>little discussion about</b><b>whether they're a good idea or not.</b><b>So let me throw this</b><b>one over to you, Paul.</b><b>Do you think that these North Sea oil</b><b>licenses and gas licenses</b><b>are actually a good idea?</b><b>Well, before we get say too involved in</b><b>knowing sort of what the hell's</b><b>happening, let's just go through a bit of</b><b>context in relation to it all.</b><b>So since 2016 or 2015, the government</b><b>stopped all new licensing</b><b>for North Sea oil and gas.</b><b>Okay.</b><b>So they stopped in all</b><b>the projects to go through.</b><b>Now at the time they said lots of new</b><b>projects basically were coming to a</b><b>close and they were trying to decide</b><b>whether or not they should actually go</b><b>for new ones or attempt to rely on</b><b>essentially as in bit of kind of</b><b>everybody else doing them will just buy</b><b>it in and essentially not being</b><b>rasped.</b><b>And do you mean buying</b><b>from other countries here?</b><b>Yes.</b><b>Uh, well, yes.</b><b>And also reliance on the transition to of</b><b>course, uh, net zero to provide clean.</b><b>And so that, that was the idea.</b><b>If we sort of stop the licensing, then</b><b>all the North Sea oil just sort of that</b><b>were happening at the time, you can</b><b>remember 2016, 15, then they would expire</b><b>by 2020 and then obviously we will then</b><b>pursue the continuance of converting to</b><b>a, I say net zero or sort of, uh, carbon</b><b>neutral processing, you know, basically</b><b>transitioning across.</b><b>So that was the idea of the clean and</b><b>that we don't need any oil and gas</b><b>produced in this country to support the</b><b>UK economy because we can import it in</b><b>and we can slowly wean ourselves off.</b><b>So that, that's the context of relation</b><b>to all those sorts of things.</b><b>So, but here comes the butters, isn't it?</b><b>This is the, this is the important bit.</b><b>Yeah.</b><b>So anyway, so recently this year, 2023,</b><b>uh, the government has just</b><b>started the process of re issuing new</b><b>North Sea oil, uh, gas and oil, uh,</b><b>licenses as in to go out there and drill</b><b>for oil and gas, and they are expecting</b><b>to allow a procedure where every year</b><b>they want to then vote and have a give</b><b>out licenses to do or new off, uh, North</b><b>Sea oil and gas drilling essentially.</b><b>And the major points that they want to do</b><b>that is unfortunately due to the Ukraine</b><b>war, as in the Russian Ukraine war</b><b>conflict or crisis or</b><b>whatever you want to</b><b>call it, oil and gas prices are shot up.</b><b>And unfortunately the market's been so</b><b>turbulent that basically we need not, um,</b><b>new oil and gas, but importing it has</b><b>skyrocketed the actual</b><b>cost has skyrocketed.</b><b>So they're hoping that with the idea of</b><b>these new oil and gas</b><b>things, uh, licenses</b><b>that they able to produce the oil and gas</b><b>required for the UK economy locally,</b><b>you know, quote locally</b><b>being, you know, not far away.</b><b>You know, you're talking</b><b>North Sea, not far away.</b><b>Yeah.</b><b>And, um, that will bring in sort of, they</b><b>said, are lots of new jobs and things.</b><b>But we will, cause it will pay for all</b><b>the people to run in the North sea oil</b><b>staff, as well as pay for them, grow the</b><b>economy because it quite a lot.</b><b>The UK economy</b><b>requires still oil and gas.</b><b>And we're not talking directly being, uh,</b><b>burning things like petrol and for,</b><b>you know, power station, we are talking</b><b>for things like lubricant,</b><b>you know, oils, lubricant oils, as well</b><b>as doing other not gases directly for</b><b>burning, cause most of the gas is for</b><b>burning, but doing other bits like they</b><b>want to do some part of this hydrogen,</b><b>um, business, but of course they need.</b><b>Fuel as in, um, methane or at least, uh,</b><b>natural gas to actually produce the</b><b>hydrogen in which case</b><b>they make them lean out.</b><b>It's a long problem.</b><b>Okay.</b><b>So we've got a need going on, not till we</b><b>get to 2050 when we're going to be</b><b>carbon neutral, but we're in fact, well</b><b>beyond that where we're going to still</b><b>need carbon fossil fuels for things like</b><b>some plastics and they don't have to be</b><b>the evil plastics that don't decompose.</b><b>They could be the biodegradable ones.</b><b>We also going to need</b><b>oil for lubrication.</b><b>We're going to need some basically some</b><b>oil to actually burn for certain</b><b>applications where it's not going to work</b><b>doing anything else.</b><b>So we're still going to need some oil for</b><b>some reasons and various people just</b><b>saying, yeah, get rid of oil completely.</b><b>Uh, well that is literally then going to</b><b>get the, the country to seize up.</b><b>Uh, yeah, with no lubricants at all.</b><b>Yeah, it's quite, quite one.</b><b>I think.</b><b>And it's just, just the way of sort of</b><b>the armament or saying, you know, what</b><b>they're trying to do, this is what</b><b>they're actually looking</b><b>at doing is to try and get</b><b>rid of that reliance of I</b><b>say foreign oil natural gas.</b><b>And since we've got the North sea oil,</b><b>why don't we just use it?</b><b>Yeah.</b><b>For us.</b><b>Yeah.</b><b>That's any say it's one of those things</b><b>where that's what the idea is.</b><b>But, you know,</b><b>everybody's sort of not moaning.</b><b>That's the runway to put it, but it is a,</b><b>you know, how can we talk, say before,</b><b>uh, going green in case of for these oil</b><b>fields to be drilled and things.</b><b>Well, it's one of, you know, to trans,</b><b>you know, the idea is</b><b>transitioning is that</b><b>you still need to transition.</b><b>You can't sort of go cold Turkey.</b><b>Because of course we're not prepared to,</b><b>I said, go cold Turkey, but as I said,</b><b>we still need things like lubricants.</b><b>You still need to say the engine oils.</b><b>I know we're going for electric.</b><b>Yeah.</b><b>But they still have things like, uh, not</b><b>gearboxes, but some, some of the cars</b><b>have things like, uh, these sort of.</b><b>Various drive shafts</b><b>and other bits and pieces.</b><b>Yeah.</b><b>You can stick a motor on each wheel, or</b><b>you might still want to have something</b><b>like a passive axle and then it still</b><b>needs oiling, greasing, lubricating.</b><b>So yeah.</b><b>So, so that, that's, as I</b><b>said, so those ideas is how.</b><b>Lot of the British economy still got need</b><b>for oil and gas in relation to all these</b><b>things.</b><b>And so the idea of simply put is instead</b><b>of paying expensive imports, make it</b><b>ourselves, which doesn't seem ludicrous.</b><b>It doesn't seem a bad idea.</b><b>Well, they've even talked</b><b>about coal mines as well.</b><b>And again, when they're talking about</b><b>opening a coal mine, it's not necessarily</b><b>just to burn the coal, but it is because</b><b>we can actually extract certain other</b><b>chemicals from the coal to supply other</b><b>sort of industries,</b><b>what we call feedstocks.</b><b>Yeah.</b><b>They were hoping to use that.</b><b>They said this new car, I can't remember</b><b>it's something in Cornwall, isn't it?</b><b>I can't remember.</b><b>I can't remember.</b><b>Anyhow, this, this</b><b>new coal mine on quiet.</b><b>Yeah.</b><b>The idea is to not shutter anything, but</b><b>to say, look, this, this.</b><b>Coal is actually not for burning, but for</b><b>doing everything's I'm making</b><b>carbon fiber from it because where is the</b><b>useful way of making carbon fiber?</b><b>Darfley is not the graphite in pencils,</b><b>but sort of scraping coal, you know,</b><b>basically sort of not sanding it down,</b><b>but scraping at it and</b><b>producing it that way.</b><b>And we need carbon fiber.</b><b>You know, it's one of those things where</b><b>how much carbon fiber we use, we're</b><b>actually slowly using more and more and</b><b>more and more of it.</b><b>So that's trying to find that use for it.</b><b>You see, I'm producing that</b><b>locally means we, you know, that</b><b>helps apparently the economy.</b><b>So that's, that's supposed, but people</b><b>see coal mine and they go, Oh, you</b><b>gonna use it for burning, you know, sort</b><b>of, but forgetting that of course, in the</b><b>UK, we don't have any coal power gas</b><b>plants, but we actually do.</b><b>We don't, we have to know we have to,</b><b>because occasionally they have to</b><b>turn them on to do things, but.</b><b>Yeah.</b><b>Largely they're not using them and they</b><b>have converted tracks to, um,</b><b>basically use, um, biofuels.</b><b>Haven't they, they, they sort of recycle</b><b>bits of tree that, uh, nobody else wants.</b><b>We apologize for the airplane flying</b><b>overhead at the moment.</b><b>Or helicopter.</b><b>Don't know which sounds more helicopter</b><b>like in regards to it's</b><b>flying around the circles of play.</b><b>We'll be just over anyway, but in</b><b>relation to all that, it's one of those</b><b>things where of course aviation fuel, you</b><b>know, where are we going to make, how</b><b>are you to get</b><b>aviation fuel at the moment?</b><b>And we don't make it necessary ourselves.</b><b>But the idea that</b><b>North sea oil is all bad.</b><b>The answer is North sea oil isn't exactly</b><b>great at producing petrol.</b><b>Um, well we've known this because it's</b><b>one of those things where we don't</b><b>importing petrol happens is still</b><b>importing from the sailing Arabs and the</b><b>sound ease and those that sort of</b><b>direction, as opposed to what we were</b><b>getting from Russia was actually not</b><b>crude oil in relation to being sort of</b><b>the black tar, but it was sort of this.</b><b>Mess of just, you know, more for the not</b><b>the lubrications, but it was just not</b><b>petrol clean fuel.</b><b>It was all sort of.</b><b>Yeah.</b><b>Let's say what the question really what</b><b>Paul's saying is what is crude oil and</b><b>crude oil is simply a mixture.</b><b>And in some countries like the middle</b><b>East, they've got a lot of the smaller</b><b>carbons, which makes it</b><b>sort of smaller carbon chains.</b><b>This makes it good for things like.</b><b>Well, petrol.</b><b>And, uh, in North sea, they had very</b><b>short carbon chains,</b><b>which made it excellent</b><b>for North sea gas, but they also had a</b><b>lot of much longer chains.</b><b>Now these much longer chains, we can</b><b>actually use and we use a process called</b><b>cracking and what we do is we sort of</b><b>basically heat them up with a catalyst</b><b>for their air and this produces lots of</b><b>very useful compounds, um, which are</b><b>called the alkenes and these alkenes go</b><b>on to be feed stocks</b><b>or things like plastics.</b><b>So the Arabs in their, their, their fuel</b><b>is basically alkanes, which are very good</b><b>for fuel or cars, et cetera, aircraft.</b><b>And ours was sort of different really.</b><b>Yeah.</b><b>And you want both.</b><b>Exactly.</b><b>This is the whole proponent of the whole</b><b>idea is that it is, you know, just, we</b><b>need our bits, but we need a little bit</b><b>mixture of all the</b><b>different types of oil.</b><b>You see?</b><b>So we've changed our sort of goalposts on</b><b>cars and, uh, we're not going to have to</b><b>sort of go all electric,</b><b>uh, just quite so soon.</b><b>And that's just giving the industry</b><b>perhaps a little bit more time.</b><b>Now, is that necessarily a good idea?</b><b>Well, talking still to friends who have</b><b>got electric cars, they still have a lot</b><b>of problems getting from A to B,</b><b>especially if B is a long way from A and</b><b>they've got a sort of recharge on the way</b><b>because there are more and more</b><b>recharging points coming, but we're not</b><b>there yet and we still need more and</b><b>more to do that.</b><b>And so the idea is we've got to try and</b><b>grant more licenses to try and sort of,</b><b>well, slow down the system.</b><b>So we've actually got time to adapt.</b><b>Yes.</b><b>So, so one of the things they were</b><b>talking about is inside these licenses,</b><b>you know, there are two types.</b><b>There's of course exploratory licenses</b><b>and then there is just normal producing</b><b>license and actually what the gum is</b><b>actually proposing is</b><b>not out of say these</b><b>hundreds of gas licenses they're going to</b><b>issue is they said 90% are going for</b><b>producing licenses with only 10% going to</b><b>exploratory licenses.</b><b>Except they said that only that 10% of</b><b>the exploratory</b><b>licenses will actually go for</b><b>not brand new exploratory processing, but</b><b>they might be going to old wells to not</b><b>to see if they're tapped out, see if</b><b>there's any more inside those ones.</b><b>So actually it's one of those things when</b><b>they're not actually looking at new,</b><b>new exploratory oil fields, because we</b><b>know quite a lot of the oil fields out</b><b>there already, you know, they all been</b><b>discovered and found and explored.</b><b>It's now effectively that we're talking</b><b>about some extensions to these, aren't</b><b>we, these extensions to these fields</b><b>where there might be this little extra</b><b>little tiny little bit somewhere.</b><b>And when I say tiny little bit, I</b><b>actually mean quite a</b><b>large tiny little bit so they</b><b>can actually find it's</b><b>going to be worthwhile.</b><b>Uh, it just really staggers the mind</b><b>trying to think about</b><b>how much gas and oil</b><b>are in these sort of gas and, uh, oil</b><b>fields that the, the amounts are really</b><b>quite staggering and that's why we've got</b><b>the problem we've got today with all</b><b>this amount of carbon dioxide.</b><b>If you consider how much you use when you</b><b>drive yourself to work, how much CO2 you</b><b>produce, and then you multiply that by</b><b>everybody else, just in this country,</b><b>we're producing a huge amount of carbon</b><b>dioxide and that's got to go.</b><b>But it's not the only</b><b>thing that does that.</b><b>We won't be able to get down to sort of</b><b>carbon neutral just by doing that.</b><b>There are many industries, especially the</b><b>chemical industries that produce carbon</b><b>dioxide, not just things for heating, but</b><b>in chemical manufacture.</b><b>So we've got to worry about that and they</b><b>still need their feed stocks.</b><b>And so we still got to supply them with</b><b>more sort of raw materials to keep them</b><b>going because, you know, this idea of</b><b>just stopping oil sounds like a really</b><b>good idea until you sit down and think</b><b>about it and you work out, well, if we</b><b>just do stop all our oil, we haven't got</b><b>very much left to work with.</b><b>Yeah.</b><b>It's one of those challenging, awful</b><b>things of how much is, you know, you can</b><b>do the same thing of how much is made</b><b>using, um, oil and you just say, well,</b><b>most chemicals are made of derivatives of</b><b>oil and then you sort of, you know,</b><b>we don't have any clothes or any nice,</b><b>um, pieces of stuff.</b><b>So we're lacking and that's the major</b><b>crux of the whole thing.</b><b>It is the idea of that</b><b>people hear oil is bad.</b><b>And the answer is it is, it is bad.</b><b>Now I'm not saying it's great.</b><b>I'm not saying it is sort of wonderful</b><b>thing as unlike some</b><b>of the, uh, I say oil</b><b>producing companies and yet all these</b><b>sort of the BP's and shells and all those</b><b>things who slap on things such as we're</b><b>developing clean technologies.</b><b>And what we're doing is technically to</b><b>make us clean and greener is of course,</b><b>we hire, uh, contractors to actually go</b><b>out and do the North sea oil.</b><b>Uh, and so us BP, we are cleaning green</b><b>and are bad oil producing slash, um, not</b><b>the green side of the company.</b><b>They're actually individual contractors</b><b>who unfortunately they can't be green.</b><b>Cause of course they haven't got the</b><b>money of BP to do so,</b><b>you know, whoever to do so.</b><b>So it's one of those odd things where</b><b>there's a little bit of green washing</b><b>happening out there in relation to that.</b><b>The showcase sort of right.</b><b>Who is, you know, what's happening out</b><b>there being green, not being green,</b><b>which is unfortunate because of course,</b><b>you know, if you look at, if they take,</b><b>include those parts of their pines, you</b><b>see, they're not so green.</b><b>The answer is no, they want to show being</b><b>green because being green apparently is</b><b>cool.</b><b>Yeah.</b><b>Well, let's, let's,</b><b>let's move ahead to 2050.</b><b>2050 has arrived.</b><b>We are now net zero, but basically a</b><b>quarter of our energy will still come</b><b>from oil and gas, there will have to be</b><b>still some domestic gas production.</b><b>So some people can</b><b>still have their heating.</b><b>Um, so this country is able to produce</b><b>some of its oil and gas and about, I</b><b>know, quarter a third of</b><b>that is probably imported.</b><b>But why do that?</b><b>And this is the question that the prime</b><b>minister has actually asked is why do</b><b>that when we've still got quite a lot of</b><b>gas that's and other materials that</b><b>are untapped at home.</b><b>So that's, that's there sort of the</b><b>government's rationale behind this that</b><b>even when we reach carbon neutral 2050,</b><b>if we do, then we're still going to be</b><b>using still quite a lot and we haven't</b><b>gone to the stage where we really, a lot</b><b>of people are pretending they're talking</b><b>about, which is going carbon negative or</b><b>not using carbon at all.</b><b>And that quite</b><b>honestly is pie in the sky.</b><b>Yeah.</b><b>This is, this is what, as I said, this is</b><b>all the cracks of the sort of thing where</b><b>people say, simple</b><b>things like stop using oil.</b><b>The answer is we, we</b><b>physically just count.</b><b>You know, there is a problem</b><b>in relation to all the fees.</b><b>I can get most, quite a lot of medicine</b><b>is made from oil or releases derivatives.</b><b>You see, as because of course, gas in</b><b>relation to that is quite a views as</b><b>feedstock. And so suddenly you can't cut</b><b>back because it's required, you know, and</b><b>the answer is, oh, you need</b><b>to find new sources of it.</b><b>And the answer is.</b><b>Where, where are these new source, unless</b><b>you're willing to sort of make</b><b>turn the gravesites as in sort of, you</b><b>know, yeah, graveyards and sort of bury</b><b>them really deep and sort of,</b><b>you know, turn that into oil.</b><b>And unfortunately it's the long-term</b><b>process doing those sorts of things.</b><b>And so I'm not saying we need to find</b><b>greener, cleaner ways of making the</b><b>feedstock, you know, things like biogas</b><b>and sort of those sorts of things.</b><b>And these technologies, which we were</b><b>hoping to be using and achieving are</b><b>taking a much longer time to develop.</b><b>You know, they, they sort of</b><b>talk about our carbon capture.</b><b>We just suck air in</b><b>and clean air comes out.</b><b>And the answer is not</b><b>quite how that works.</b><b>You know, and it's just not coming on.</b><b>You know, things like electric cars, they</b><b>haven't, you know, guess we started</b><b>quickly and they've been slowly turning</b><b>on, but still haven't got enough charging</b><b>stations, you know, the power grid hasn't</b><b>got the capacity yet to actually deal</b><b>with the amount of electric cars.</b><b>And we have to remember how do these</b><b>electric cars get powered?</b><b>Quite a lot still by electricity that's</b><b>made from fossil fuels.</b><b>We haven't got enough wind turbines.</b><b>We haven't got enough solar.</b><b>Especially on days like today when we're</b><b>playing a game called spot sun.</b><b>I could spot it.</b><b>It's that white thing that's sort of a</b><b>bit sort of speckled</b><b>really like the moon.</b><b>Yeah. Yeah.</b><b>No, it's not, not quite that bad.</b><b>But yeah, it is those sorts of things</b><b>where people thought,</b><b>ah, we'll be building up</b><b>these wind turbines and getting enough</b><b>and sort of every house in the UK will</b><b>have solar panels.</b><b>And the answer is if we were really</b><b>certain to get rid of</b><b>oil and gas, then we</b><b>really would be putting solar panels on</b><b>every single roof, you know, doesn't</b><b>matter, you put it on literally all the</b><b>signs of the houses and all you just,</b><b>just slap, slap them all over the place.</b><b>Yeah.</b><b>Except of course you do realize that we</b><b>do need some fossil fuels to</b><b>actually make our solar panels.</b><b>Gosh darn it.</b><b>I wish I had known that.</b><b>Yes.</b><b>You can see the, the cracks.</b><b>You see, this is where we're talking</b><b>about the problem of, you know, getting</b><b>rid of the oil, not quite there.</b><b>Yeah.</b><b>We still need the feedstock and the idea</b><b>of doing it things of locally is much</b><b>better idea than important because how</b><b>much, you know, problems of importing</b><b>all that oil across, you know, I say</b><b>wherever, as opposed to just, you know,</b><b>I say pumping it in, you know, shipping</b><b>it in sort of from the local backyard.</b><b>It's so much more, yeah.</b><b>Now I'm not talking about sort of going</b><b>for the fracking idea of things, but</b><b>you know, it's sort of taking a place</b><b>where no one's going to notice North</b><b>Sea oil, the seabed being sort of not the</b><b>stove, but being lower because of this,</b><b>all these pockets of being, but they do</b><b>try to fill them up.</b><b>So it's not that bad.</b><b>And there was a potential plan was to</b><b>actually take the North Sea oil that's</b><b>being used up and</b><b>actually pump CO2 back into that.</b><b>It's one of those hilarious dumb things</b><b>and actually make the oil</b><b>and put the CO2 back in.</b><b>So then make oil so that the later</b><b>generations will actually still have some</b><b>North Sea oil to actually, or</b><b>North Sea gas in that regard.</b><b>Uh, so it does take quite a while to</b><b>convert CO2 to methane.</b><b>However, it isn't a quick process, but,</b><b>uh, it can be done because, you know,</b><b>basically, you know, we were seeing that</b><b>process being done anyway, but it's.</b><b>It is a possibility there, but that's not</b><b>a short-term solution, is it?</b><b>Paul, it's going to take sort of, um,</b><b>maybe millions of years.</b><b>Yeah.</b><b>It's not the most, as I said, not the</b><b>most ludicrous to do for long term.</b><b>So, but we've got to look at this, you</b><b>know, and it's unfortunate.</b><b>I say unfortunate, but say people like</b><b>the, um, you in climate</b><b>change, um, agency, he's the man.</b><b>I think it's the UN</b><b>secretary, whatever his name is.</b><b>He makes lots of good quotes.</b><b>Um, you know, he's saying that the doing</b><b>this idea is delusional.</b><b>You're working against the system.</b><b>And the answer is.</b><b>Well, not really.</b><b>Cause it's sort of like, you know, it's</b><b>all right saying move to net zero without</b><b>saying, how are you good?</b><b>How am I meant to do that?</b><b>You know, which is why</b><b>we call these transitions.</b><b>You know, it's why, um, they wanted to</b><b>call, I think the EU wants to call,</b><b>um, gas transitions fuel or something.</b><b>Yeah.</b><b>Yeah.</b><b>It's sort of the, the, the argument on</b><b>gas is it does burn cleaner than</b><b>other things like, like coal.</b><b>Coal puts an awful lot of other noxious</b><b>chemicals into the environment, but</b><b>burning gas, although a greener than that</b><b>is still chucking out an awful</b><b>lot of carbon dioxide and our way round</b><b>this problem is to move to greener</b><b>systems to move to wind power, to move to</b><b>wave power, to move to solar power.</b><b>But it's still won't get</b><b>rid of this oil problem.</b><b>We still must have some oil to do things.</b><b>And I think this is the</b><b>bit that some people forget.</b><b>So if I grab my little banner and just</b><b>say, just stop oil and sit in the middle</b><b>of the road, yeah, it really should be.</b><b>Yeah.</b><b>I was going to say it brings it not only</b><b>brings the country to a halt.</b><b>It's actually going to throw us probably</b><b>back to the stone age, except it's not</b><b>because if we went back to the stone age,</b><b>we wouldn't have any electric.</b><b>And so we'd have to start</b><b>burning more wood again.</b><b>Yeah.</b><b>It's a bit tough, but no, what they</b><b>really should have in</b><b>those posters instead of</b><b>just stop oil is stop burning oil.</b><b>You know, there's a course, you know,</b><b>using oil or being</b><b>clever with the oil and</b><b>actually creating things like I say</b><b>plastics and you</b><b>know, I know they're bad,</b><b>but you think biodegradable plastics in</b><b>regards to those sort of things.</b><b>You know, doing that with the oil is</b><b>actually more</b><b>beneficial than just burning</b><b>it because of course you're</b><b>not removing CO2 in that way.</b><b>You're just changing how it is.</b><b>You know, even instead of being a liquid,</b><b>you made it a solid, you know, that's all</b><b>you're still got it still captured or not</b><b>releasing the CO2 by that way.</b><b>And so the idea of, yeah, the poster</b><b>should be, you know, just stop oil</b><b>should be stopped burning oil.</b><b>The simple words, but</b><b>it makes the difference.</b><b>But it wouldn't bring their message over.</b><b>Yes, probably quite as well.</b><b>That's that.</b><b>That's the problem.</b><b>So we've been looking at whether these</b><b>new licenses in the</b><b>North Sea oil, the oil</b><b>and gas sea, North Sea oil and gas</b><b>projects, see whether they're good idea.</b><b>And unfortunately, and it is</b><b>unfortunately, they still</b><b>are a good idea to keep the</b><b>country going.</b><b>Yeah. That's not the sad thing, but it is the</b><b>idea of we still need them.</b><b>They're still required and needed.</b><b>Yeah.</b><b>And we're still going to probably need</b><b>them after 2050 when we've got to this</b><b>magic net zero.</b><b>Yeah.</b><b>And then we can start moving to carbon</b><b>negative, but is it all going to be too</b><b>late?</b><b>Well, that's probably a question that</b><b>we're going to have to look at and return</b><b>to in another episode of going green.</b><b>You've been listening to the going green</b><b>podcast, looking at here, new licenses</b><b>the North Sea,</b><b>whether they're good or bad.</b><b>Our feeling is they're probably.</b><b>They're needed.</b><b>Yeah.</b><b>Not necessarily good or bad.</b><b>They're not, they're not</b><b>good, but they are needed.</b><b>And so we, we think we're going to have</b><b>to sort of go along</b><b>with this until we can</b><b>come up with a much better solution.</b><b>And so until we can find a better</b><b>solution, it's goodbye from me.</b><b>And a goodbye from me.</b><b>You take care.</b><b>Bye bye.</b>