Make UK electricity cheaper and switch away from gas – climate advisor
The UK government is being urged to cut the price of electricity and come off fossil fuels for most of the economy.
The UK government is being urged to cut the price of electricity and come off fossil fuels for most of the economy.
The UK’s biggest onshore gas producer has reported an annual loss of more than £4m, down more than 100% on the profit in the year before.
The UK must swap oil and gas for clean electricity to meet its next set of carbon reduction targets, the government’s climate advisor said today.
UK Oil & Gas has revived a bid to reorganise its share capital, needed to raise money for future projects, including a gas site in Surrey.
Two directors of an oil firm have retired after “consultation with shareholders” and the entire board of a second company faces a call for its replacement.
Almost a fifth of UK onshore production fields have extracted no oil or gas in the past five years, according to analysis by DrillOrDrop.
DrillOrDrop’s review of the latest UK onshore production data, for April 2023, reveals a big drop in monthly production from the largest field at Wytch Farm. This cut the UK’s total monthly onshore oil volumes by more than half.
More than 200 organisations, including the Women’s Institute, have joined celebrities and climate campaigners to oppose plans to develop the Rosebank oilfield off Shetland.
The East Yorkshire based oil and gas firm, Rathlin Energy, has said climate change will not affect its future operations.
The organisation representing the UK shale industry has offered to fix gas prices to industry, transport and homes.