A story of missed opportunities and industrial decline is told with rare insight and vivacityThis November the eyes of the world will turn to Glasgow. “Cop26 meeting is last chance, says Alok Sharma as he backs UK’s plan for new oil and gas fields,” th…
UK property sales slide after stamp duty holiday scaled back – business live
Rolling coverage of the latest economic and financial newsLatest: UK house sales fell over 60% in July after busiest ever JuneHousebuyers rush to complete deals before stamp duty cut scaled backEarlier:Oil surged 5% on Monday on rising demand hopes and…
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…
Oil firms made ‘false claims’ on blue hydrogen costs, says ex-lobby boss
Chris Jackson believes companies promoted ‘unsustainable’ fossil gas projects to access billions in taxpayer subsidiesOil companies have used false claims over the cost of producing fossil fuel hydrogen to win over the Treasury and access billions in t…
Mining multinational BHP starts talks to exit oil and gas industry
Firm says merging its hydrocarbon business with Australian producer Woodside Petroleum is one optionThe mining multinational BHP has begun talks to exit the oil and gas industry by merging its hydrocarbon business with Australia’s top independent gas p…
Nicola Sturgeon ‘hiding behind PM’ on Cambo oilfield, say climate groups
Campaigners criticise first minister for not demanding end to North Sea drilling in letter to Boris JohnsonNicola Sturgeon has been criticised by climate campaigners for failing to call for the new Cambo oilfield to be blocked because of the climate cr…
Global demand for oil slashed by ongoing Covid issues, says IEA
Influential agency reverses earlier prediction of possible glut in the market in second half of 2021Coronavirus – latest updatesSee all our coronavirus coverageThe world’s appetite for oil will be lower than expected this year as the ongoing spread of …
By pushing for more oil production, the US is killing its climate pledges | Adam Tooze
If Joe Biden is serious about tackling the climate crisis he must use his country’s leverage to curb fossil fuels, not boost themThe UN’s Intergovernmental Panel on Climate Change (IPCC) report has driven home just how dangerous the climate crisis is. …
Remember Obama’s drill, baby, drill, days? Democrats aren’t innocent on climate
Obama campaigned in climate poetry and then governed in fossil fuel prose. Joe Biden may well follow in his footstepsIf after Monday’s news you didn’t feel a pang of doom, you’re either a zen master, a recluse living in a news vacuum, or a nihilist. Th…
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…