UK pulls $1.15bn support for Mozambique gas project
The UK government has withdrawn $1.15bn (£870m) support for a controversial gas project in Mozambique.
Chancellor confirms increase in oil and gas windfall tax
The UK’s first female chancellor, Rachel Reeves, confirmed in her budget today that the windfall tax on oil and gas profits will be increased.
Updated: UKOG reveals gas storage plans for Dorset
UK Oil & Gas plc has unveiled plans for hydrogen storage and generation at a former naval harbour at Portland in Dorset.
Judges split over government decision to fund Mozambique gas project
Two judges have disagreed in what could be a landmark case over whether the UK government acted lawfully in approving $1.15bn financing for a liquified natural gas (LNG) project in Mozambique.
Glasgow climate promises will be “just words on a page” without action – COP26 president
International pledges to tackle climate change made in Glasgow last year will “wither on the vine” without action, Alok Sharma, the COP26 president said today.
COP26: Deal to end public funding for unabated fossil fuels by 2022
More than 20 countries and institutions have committed to ending international public finance for unabated coal, oil and gas by the end of 2022.
COP26: Campaigners challenge Rishi Sunak on fossil fuels as he announces a “rewiring” of global finance
Climate activists were prevented from attending a speech by Rishi Sunak at the COP26 conference after questioning him on tax breaks for fossil fuels.
Angus announces new £1.4m loan
Shares in Angus Energy rose this morning as the company announced it had taken out a £1.4m loan with a property company.
Opposition to fracking targets large investors in shale gas exploration
The anti-fracking network, Reclaim the Power, is focusing its opposition next week on companies that finance shale gas exploration.
Centrica payment puts Cuadrilla in profit
The shale gas company, Cuadrilla, has recorded an annual profit for the first time following a multi-million dollar payment from partner, Centrica.
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