Critics pillory big oil companies for cynical expressions of sympathy while continuing to block climate solutions Major oil companies are being pilloried on social media for sending “thoughts and prayers” to victims of Hurricane Ida while sidestepping …
North Sea oil was battered by Covid, but now faces much deadlier waves
Since the pandemic hit, the world’s altered attitude to fossil fuels is throwing doubt over the industry’s futureThe UK’s North Sea oil industry may have survived one of the darkest market downturns in history during the Covid-19 pandemic, but the deep…
Lib Dems propose ban on new listings of fossil fuel companies on LSE
Exclusive: proposal part of party’s plan to give City of London a lead role in helping UK tackle climate crisisNew listings of fossil fuel companies would be immediately banned on the London Stock Exchange as part of a proposal by the Liberal Democrats…
How can Britain be committed to net zero when it’s about to drill for millions more barrels of oil? | Greg Muttitt
Hypocrisy rules as we prepare to host Cop26 and Boris Johnson prepares to approve a new oilfield off ShetlandJust months before hosting the Cop26 climate summit in Glasgow, the UK government will decide whether to approve a massive new oilfield 75 mile…
Labour calls for ‘hard-edged’ end date for oil and gas exploration
Keir Starmer says Labour will not support proposed Cambo oil field as party lays out £30bn green jobs planThe UK must set a “hard-edged timetable” for the cessation of oil and gas exploration, Keir Starmer has said, as he revealed that Labour would not…
IMF approves $650bn injection to help countries weather pandemic – business live
Rolling coverage of the latest business and financial news 10.50am BST Fancy a pasty for dinner?Ok, it’s not yet lunchtime, but Greggs is thinking about the evening meal as it looks to keep growing the business. Pre-ordering is a market trend that we b…
BP to buy back $1.4bn of shares as rising oil price bolsters profits
Energy company raises oil price forecasts for rest of decade, but lowers them for longer termBP will hand shareholders a windfall of $1.4bn (£1bn) through share buybacks and has promised to increase its dividend by 4% a year up to 2025 after predicting…
Climate crisis has cost Colorado billions – now it wants oil firms to pick up the bill
ExxonMobil and Suncor face lawsuits in the western state but big oil’s apologists say the US consumer is to blame for emissionsMore than a decade after the Fourmile Canyon blaze drove even the firefighters out of Gold Hill, blackened hillsides and scor…
Campaigners win right to challenge state aid for North Sea oil and gas
High court allows Greenpeace UK and others to seek judicial review of support for fossil fuel industryThe government will face a legal challenge over its continuing support for North Sea oil and gas production despite its legally binding target to end …