Horse Hill partner slashes value of investment
Alba Mineral Resources has cut by 94% the value of its stake in Horse Hill – the Surrey oil site at the centre of last year’s landmark Supreme Court judgement.
Alba Mineral Resources has cut by 94% the value of its stake in Horse Hill – the Surrey oil site at the centre of last year’s landmark Supreme Court judgement.
Planning permission for expansion at the UK’s second largest onshore oil producer has been formally rescinded in another casualty of the landmark Supreme Court judgement on climate emissions.
Nine Extinction Rebellion campaigners blocked the entrance to the Horse Hill oil production site in Surrey this morning in a protest over its continued operation despite the quashing of planning permission by the Supreme Court.
Campaigners have won a pivotal legal challenge at UK’s highest court on the climate impact of fossil fuels.
A landmark legal challenge that will shape future decisions on fossil fuel developments comes to the UK’s highest court next week.