Cuadrilla back in the red, value of shale gas assets to be cut
Cuadrilla’s Australian owner is to cut the value of UK shale gas exploration assets, following the reinstatement of the moratorium on fracking in England last year.
COP27: historic deal on climate loss and damage but 1.5C limit “on life support”
The COP27 climate conference ended in Egypt today with a landmark agreement to compensate poorer countries that are the victims of climate change. But there was little progress in tacking emissions from burning fossil fuels, the root cause of global warming.
COP27: “Oil and gas firms expected to pay towards climate loss and damage” – Mia Mottley
Mia Mottley, the prime minister of Barbados, called today for oil and gas companies to contribute to the cost of climate change.
COP27: UN secretary-general calls for windfall tax on fossil fuel companies
The UN secretary-general has called on all industrialised countries to tax the windfall profits of fossil fuel companies.
Losses widen at Ineos shale company
Ineos Upstream, the company holding the largest number of shale gas licences in England, declared a loss of £3.679m in 2021. This was up more than 60% on the loss of £2.279m the year before.
E Midlands fracks could supply 3m homes in a year and be less prone to earthquakes- IGas
The shale gas company, IGas, said today it could drill 80 wells by this time next year, with the “right government support”.
“Climate change will not affect our operations” – Rathlin Energy
The East Yorkshire based oil and gas firm, Rathlin Energy, has said climate change will not affect its future operations.
“Largely non-operational” Cuadrilla profits from tax relief
Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.
UN climate report is an “atlas of human suffering”
Climate change driven by humans is already causing dangerous and widespread disruption, international scientists warned this morning.
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.
DRILL OR DROP? 