Banks and asset managers representing 40% of the world’s financial assets have now pledged to meet the goals set out in the Paris climate agreement, as an alliance championed by former central banker Mark Carney swells under the gaze of a world increasingly alarmed by planetary warming.
Chancellor Rishi Sunak has come under fire for “failing to provide much needed clarity” on future carbon capture projects after a snub for the Acorn project last week.
The UK Treasury has increased its expectations for tax receipts from the North Sea oil and gas sector ahead of the COP26 climate conference.
Business leaders, including former Liberal Democrat leader Sir Vince Cable, have welcomed a £30million-plus Budget package for the Aberdeen energy sector.
The forecast for tax revenue the UK Treasury will take from oil and gas in the future has been slashed by the Office for Budget Responsibility (OBR).
With just hours until the Chancellor’s Budget, the RMT Union has called for creation of a £220million annual “Just Transition Fund” for offshore workers.
Rishi Sunak is expected to give north-east energy firms a £30-million-plus boost at Wednesday’s Budget.
Westminster is being urged to ensure that plans for net zero remain a “top priority” for businesses and society in its upcoming spring budget.
The UK Government will continue the furlough scheme until the end of April 2021 in an effort to ensure firms are able to survive the continued economic disruption.
A planned global underwater engineering hub in Aberdeen could be launched as early as next year after Westminster announced more than a million pounds worth of support.
The Office for Budget Responsibility (OBR) has cut its forecast for North Sea oil tax receipts to the UK Treasury.
The Government has been urged to invest at least £30 billion in the next 18 months on a green recovery to create hundreds of thousands of jobs.
A union boss has said the extension of the UK furlough scheme comes “too late” for thousands of lost jobs in the North Sea oil industry.
Rishi Sunak has announced a five-month winter extension to the furlough scheme, ending days of confusion over whether support would be offered to Scottish workers in the event of a future lockdown.
Billions of pounds of extra help has been announced for firms and workers hit by coronavirus restrictions.
A trade union boss has suggested creating a “job share” scheme to help safeguard North Sea oil industry workers’ positions until offshore activity ramps up next year.
Britain is “way off track” from meeting its 2050 net zero target, according to the Energy Institute.
The UK’s biggest trade unions have called for UK Chancellor, Rishi Sunak, to formulate a hydrogen power strategy and create a ‘green jobs boom’.
The UK Government’s furlough scheme is unlikely to “stem the tide” of oil industry job losses as employers are told to start contributing to wages in the coming months, lawyers and politicians said.
The Chancellor is set to tell employers they will need to contribute to their furloughed workers' salaries from August as the Government admitted the scheme cannot run "indefinitely".
Chancellor Rishi Sunak has announced a four month extension to the current UK Government Covid-19 furlough scheme.
The UK could “sleepwalk” into “mass redundancies” in the oil and gas industry unless Chancellor Rishi Sunak takes urgent action, MPs have warned.
A lack of any change – even any mention – of oil and gas is a “welcome move” from the new Chancellor’s budget, according to a leading analyst.