<p>The Offshore Petroleum Licensing Bill is consistent with meeting net zero by 2050. Climate Change Committee data shows that the UK will need oil and gas even when it reaches net zero. North Sea Transition Authority analysis shows that domestically produced natural gas is almost four times cleaner than importing liquified natural gas. Even with continued development, oil and gas production is expected to decline by 7% a year and to fall by nearly 90% by 2050. This is faster than the average annual global decline needed to align with UN 1.5°C pathways and the UK's carbon budgets.</p>