Climate campaigners have called for higher taxes on oil and gas companies after BP announced a tripling of profits this morning.
An influential group of MPs has accused the government of having no clear plan for funding the transition to net zero emissions by 2050.
IGas has confirmed it has relinquished the Tinker Lane shale gas licence in Nottinghamshire and written off £10m in exploration costs. But the company said it was continuing to work with regulators and government to end the moratorium on fracking in England.
Two years after the UK’s strongest fracking-induced earthquake, there’s no agreement on how to manage shale gas risks, an exploration company said today.
An inquiry into plans to explore for gas in Surrey heard today that the best place to drill would be from a new sustainable garden village planned for Dunsfold Aerodrome.
Plugging leaks in oil and gas infrastructure would significantly cut methane emissions at little or no cost, according to a major new UN report on tackling climate change. But expansion of the use of natural gas was not compatible with climate targets without “massive-scale deployment of unproven carbon […]
The government must not lock-in higher greenhouse gas emissions in the Covid-19 recovery package, its adviser on climate change said today.
The company behind oil production at Horse Hill in Surrey has raised £1.275m in a share placing to pay for cost cuts.
Losses in IGas more than doubled in 2019 to more than £50m as the company turned its back on shale exploration in north west England, annual accounts have revealed.
The government has no clear idea on how much it has spent supporting fracking, what the benefits would be and how much investment would be needed in future, the UK’s spending watchdog has revealed.