Calls for tougher windfall tax as BP announces tripling of profits
Climate campaigners have called for higher taxes on oil and gas companies after BP announced a tripling of profits this morning.
Government has “no reliable cost” for net zero transition – MPs
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 writes off £10m from shale gas exploration but still seeks end to fracking moratorium
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.
No way forward for fracking two years after 2.9ML earthquake
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.
New garden village is best site to drill for gas near Dunsfold – inquiry told
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.
Fossil fuel sector has greatest scope for methane cuts to tackle climate crisis – UN
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 […]
Covid-19 recovery must not increase climate risk – government adviser
The government must not lock-in higher greenhouse gas emissions in the Covid-19 recovery package, its adviser on climate change said today.
UKOG issues 637m new shares to fund cuts in the cost of oil production
The company behind oil production at Horse Hill in Surrey has raised £1.275m in a share placing to pay for cost cuts.
North west shale write-offs push up losses as IGas focusses on East Midlands
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.
Government unclear on fracking costs, benefits and clean-up – spending watchdog
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.
DRILL OR DROP? 