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The UK’s oil and gas industry plans to become a net zero oil and gas basin in terms of own production emissions by 2050, as the UK North Sea operators support the government’s commitment to cut greenhouse gas emissions to net zero by 2050, Deirdre Michie, the chief executive of the OGUK industry association, said on Thursday. In June last year, the UK became the first major economy in the world to enshrine in a law its target to reduce its greenhouse gas emissions to net zero by 2050. Since then, the UK oil and gas industry,…

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