Councillors in Edinburgh voted this afternoon for an end to investments in fossil fuel companies by the £8+ billion Lothian Pension Fund.
Fracking industry warns “great economic, environmental and geopolitical cost” from renewed moratorium
The shale gas lobbying organisation has accused the government of dealing in “ideology and fiction” by reinstating the moratorium on fracking.
The would-be fracking firm, Third Energy, has been acquired by a renewables company, which plans to use old gas wells to generate geothermal energy.
UK Oil & Gas chief executive Stephen Sanderson bought 985,221 shares in the company this month, at a price of 0.1015p per share, the company has confirmed.
The UK government has defended its decision to invest $1.15bn in a massive gas scheme in Mozambique.
Extinction Rebellion installed a huge pink table in central London at the start of two weeks of protest demanding the UK government stop investment in fossil fuels.
Development of new oil and gas fields must stop this year if the world is to meet its goal of net zero carbon emissions by 2050, the leading energy organisation has said.
Billions of pounds remain invested in fossil fuels through local government pension funds, even though three-quarters of councils have declared a climate emergency, a new report reveals.
A major cut in investment in the shale gas company, Cuadrilla, is likely in the coming months, its owner has predicted.
A UK onshore oil and gas company could be bought up by the investment company Metal NRG by the end of the summer.