Asked about GB Energy, she said the nationalised firm could help “de-risk” some private investment in clean energy but said there was a “lack of clarity” over what the company will do.
Hebe Trotter, vice president of global government relations with Harbour Energy, told MPs there were “questions” over how GB Energy could slash energy bills, a claim made by Labour during the election.
Ms Trotter said the transition to green energy created a “huge opportunity” for Scotland and that there would be decades of revenue from the North Sea if the UK Government allowed for the right conditions for businesses to thrive.
The transition to renewables is taking longer than previously thought, a senior member of BP has said, on the same day her company announced it would slash funding for clean energy and ramp up fossil fuel extraction.
The fossil fuels giant said it still hopes to become a net zero company but will only spend up to two billion dollars (£1.6 billion) a year on projects aimed at the energy transition, a significant cut.
