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oil and gas

Oil refiner Varo Energy unveils plan to achieve net zero by 2040

Infrastructure

Oil refiner Varo Energy unveils plan to achieve net zero by 2040

European fossil fuel giant pledges to ramp up investment in hydrogen and end sale of carbon-based products by 2040

clock 05 July 2022 • 3 min read
Study: Billions of pounds 'lost' to oil and gas tax relief could have funded insulation in two million homes

Taxation

Study: Billions of pounds 'lost' to oil and gas tax relief could have funded insulation in two million homes

Chancellor's decision to incentivise domestic oil and gas extraction is 'opposite of what's needed if we want to end our reliance on expensive gas', E3G warns

clock 31 May 2022 • 3 min read
'A sticking plaster': The green economy reacts to Energy Profits Levy and household bills support

Taxation

'A sticking plaster': The green economy reacts to Energy Profits Levy and household bills support

Green business figures, campaigners, politicians, academics and energy experts give their verdict on the government's windfall tax U-turn

clock 26 May 2022 • 15 min read
Government taps oil and gas profits to help pay for fresh £15bn energy bills support package

Politics

Government taps oil and gas profits to help pay for fresh £15bn energy bills support package

U-turn will see oil and gas firms to help pay additional 25 per cent windfall tax on profits to help pay for fresh measures to support households with soaring energy bills

clock 26 May 2022 • 8 min read
Schroders backs shareholder demands for emissions cuts from oil and gas giants

Energy

Schroders backs shareholder demands for emissions cuts from oil and gas giants

Chevron, ExxonMobil, and Shell urged to do more to decarbonise the energy industry and keep Paris Agreement targets alive

clock 24 May 2022 • 2 min read
Reports: Sunak orders plan for windfall tax on power companies and oil and gas producers

Policy

Reports: Sunak orders plan for windfall tax on power companies and oil and gas producers

Propposed levy set to extend beyond oil and gas firms and include a tax on the earnings of electricity generators benefitting from soaring prices, according to government insiders

clock 24 May 2022 • 4 min read
Carbon Tracker: How Oil and gas majors are 'gambling' their future on risky carbon capture projects

CCS

Carbon Tracker: How Oil and gas majors are 'gambling' their future on risky carbon capture projects

Carbon Tracker warns oil firms' climate strategies lack credibility as they largely focus on offsetting, CCS, and direct air capture rather than emissions cuts

clock 12 May 2022 • 5 min read
Shell: Record profits spark fresh calls for windfall tax

Infrastructure

Shell: Record profits spark fresh calls for windfall tax

Oil and gas giant says stellar financial performance is 'crucial for Shell to play a leading role in the energy transition'

clock 05 May 2022 • 4 min read
'We will not bend to the will of activists': As BP profits soar, government doubles down on oil and gas expansion plans

Infrastructure

'We will not bend to the will of activists': As BP profits soar, government doubles down on oil and gas expansion plans

The government is urging the oil and gas industry to ramp up investment in the 'clean energy technologies of the future', but can increased production really become compatible with net zero goals?

clock 03 May 2022 • 11 min read
'Cascade of emergencies': 500 green groups demand end to fossil fuel-driven war and climate chaos

Politics

'Cascade of emergencies': 500 green groups demand end to fossil fuel-driven war and climate chaos

More than 500 climate groups worldwide argue Russia's invasion of Ukraine should usher in new age of green, equitable energy worldwide

clock 28 April 2022 • 5 min read
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