Part 1: The Oil and Gas Authority (OGA) Exercise of functions Section 8: Matters to which the OGA must have regard
Section 8 sets out a non-exhaustive list of the matters to which the OGA must have regard when exercising its functions, so far as relevant. These include, for example, the need to maintain a stable and predictable system of regulation which encourages investment and the development and use of facilities and other things needed for the storage of carbon dioxide.
	"Function" is defined in subsection (2) for the purposes of this section and section 9. The definition excludes functions which the OGA is authorised to exercise by virtue of an order under section 69 of the Deregulation and Contracting Out Act 1994 or an agreement with the Welsh Ministers under section 7(3). Otherwise it is intended to include all other OGA functions, including functions exercisable under licences where provision is made for these to be transferred to the OGA and specifically including functions in relation to carbon storage under Chapter 3 of Part 1 of the Energy Act 2008.