Summary
Michael Race, the boss of Centrica, owner of British Gas, expressed concern about job losses in Scotland's energy industry due to the shift from oil and gas to green energy. He highlighted the need for the energy transition and noted the challenges it poses in terms of employment opportunities. He also discussed past job cuts and the company's efforts to hire new talent through apprenticeships.
Key Facts
- Michael Race leads Centrica, which owns British Gas.
- He is worried about job losses in Scotland's oil and gas industry due to the transition to green energy.
- The transition's slow pace in creating new jobs compared to job cuts is a primary concern.
- Centrica faced criticism over prepayment meter practices, which they have since halted.
- The company's largest oil and gas producer, Harbour Energy, announced job cuts this year.
- Centrica has taken on 1,700 apprentices and plans to hire one apprentice daily.
- O'Shea criticized energy regulator Ofgem, blaming weak regulations for issues during the energy crisis.
