UK taxpayers are paying BP and Shell to extract: Why we need a more market-based approach in the North Sea

clock • 4 min read

Our research shows it's no longer economic to extract more oil and gas from the North Sea - the UK government needs to stop throwing good money after bad, argues Green Alliance's Joe Tetlow

As hosts of COP26, ministers have been firm on the need to tackle climate change by transitioning away from fossil fuels. But the recent energy crisis, driven by the global rise in the price of gas, has...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

'We need to go further and faster': NESO makes the case for accelerated clean power push

'We need to go further and faster': NESO makes the case for accelerated clean power push

Annual Future Energy Scenarios report argues that rapid roll out of clean power system through to 2030 is key to unlocking next phase of the net zero transition

James Murray
clock 14 July 2025 • 9 min read
Abundant power, affordable bills: Britain's energy opportunity

Abundant power, affordable bills: Britain's energy opportunity

The UK needs an energy market that responds to the availability of the wind and sun, rather than being shaped by the fossil fuel market, argues Andy Hackett from the Centre for Net Zero

Andy Hackett, Centre for Net Zero
clock 14 July 2025 • 4 min read
IRENA: Global renewable power capacity surged by 15 per cent in 2024

IRENA: Global renewable power capacity surged by 15 per cent in 2024

The global renewables boom is transforming energy markets, driving economies, and creating investment opportunities - but many regions are at risk of being left behind

Michael Holder
clock 11 July 2025 • 3 min read