Approving Rosebank oil and gas field ‘a huge mistake’, government told April 13, 2023 Climate groups have urged the government not to approve the Rosebank project, one of the largest undeveloped fields in the North Sea.
Current carbon pricing is too low to stop climate change, new research says September 30, 2021 Carbon pricing is currently too low to stop climate change, according to new research published ahead of COP26 – when carbon market rules are scheduled to be agreed. In its latest whitepaper, which seeks to make carbon pricing more effective, the Climate Crisis Advisory Group (CCAG) estimated that today’s policy targets would likely lead to [...]
Saudi Arabia announces 2060 net zero target ahead of COP26 climate summit October 24, 2021 Saudi Arabia has pledged to cut carbon emissions and reach net zero by 2060. Crown prince Mohammed bin Salman announced the country will push its climate agenda while maintaining its role as a leading producer of oil and gas. Speaking at the official launch of Saudi Green Initiative Forum, he revealed the country would spend [...]
Government eases windfall tax to protect North Sea oil and gas projects June 9, 2023 The government has softened the windfall tax in a bid to soothe industry concerns over the UK’s investment climate in the North Sea.
COP26: Standardising climate reporting could slash pension scheme cash burden September 30, 2021 Standardising climate-related reporting could “considerably” slash the cash burden for pension schemes, the Work and Pensions Committee has said. Calling on the UK to up its leadership on fossil fuel-investing pension funds ahead of COP26, the Committee has urged the Government to encourage other countries to make their local pension schemes disclose their climate-related financial [...]
Government backs £217m Turkish solar power plant to meet COP26 climate goals November 15, 2021 The government is supporting the largest solar power station in Turkey to the tune of £217m, which will initially be assembled in the UK. The public money will go towards Turkish conglomerate Kalyon Group’s 1.35GW Karapinar solar project, as the UK aims to deliver on climate pledges made at COP26. Ministerial department UK Export Finance [...]
UK leads the way in climate transparency ahead of COP26, says new report September 28, 2021 The UK is leading the way in climate transparency, according to new research, as over 70 per cent of energy and chemicals companies say they have publicly stated their climate impact targets. The research, by ICIS, found that the UK had the highest levels of transparency in comparison with the rest of Europe – with [...]
Soon-to-sell sofa chain ScS finds little comfort in cost of living Britain October 25, 2023 Sofa chain ScS has swung to a loss according to its preliminary results, with the soon-to-be acquired sofa chain blaming a challenging economic climate for the dip.
Exclusive: COP28 business chief: Era of ‘activist good, business bad’ is over December 8, 2023 COP28 is the first summit to have a formal business special representative - and we sit down with Badr Jafar to discuss where the private sector sits in the climate challenge
UK consumers are more worried about climate change than Covid, as COP26 nears October 21, 2021 Climate change is a bigger concern for UK consumers than the Covid-19 pandemic and or the economy. SEC Newgate ESG Monitor has published a research study of public attitudes to environmental, social and governance (ESG) principles, revealing that 71 per cent of British people are concerned about climate change. The percentage of people that put [...]