Edinburgh council votes for fossil fuel divestment
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.
Renewables company takes over fracking firm to rescue stranded assets
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.
UKOG chief executive commits to invest £12,000 in company over a year
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.
Mozambique gas project could lift “millions out of poverty” – government lawyer
The UK government has defended its decision to invest $1.15bn in a massive gas scheme in Mozambique.
Climate protest begins in London against investment in fossil fuels
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.
No new oil and gas projects if world is to reach climate goals – IEA report
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.
£9.9 billion still invested in fossil fuels by local government pension funds
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.
Funding in fracking firm Cuadrilla to be slashed – forecast
A major cut in investment in the shale gas company, Cuadrilla, is likely in the coming months, its owner has predicted.
Investor prepares to buy UK onshore oil and gas company
A UK onshore oil and gas company could be bought up by the investment company Metal NRG by the end of the summer.
DRILL OR DROP? 