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

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Credit: iStock

The clean tech consensus: Why the world's top economic think tanks want bolder action on renewables and efficiency

OECD latest influential body to call on governments to marry cost of living measures with net zero strategies, as new BP data points to bright future for renewables

Michael Holder
clock 05 July 2022 • 8 min read
Net Zero Innovate Podcast: 3. Octopus Energy and the renewables revolution

Net Zero Innovate Podcast: 3. Octopus Energy and the renewables revolution

LISTEN: Octopus Energy Generation CEO Zoisa North-Bond chats to James Murray about disrupting the renewables sector with smart technologies such as its Kraken grid platform

BusinessGreen staff
clock 01 July 2022 • 1 min read
Credit: SSE Thermal

'Decarbonisation of the Humber': SSE Thermal and Equinor hail £341m deal as boost to zero carbon industrial plans

SSE Thermal and Equinor to expand power generation portfolio in support of plans to slash emissions across the UK's most carbon-intensive industrial region

clock 30 June 2022 • 3 min read