Greenpeace readying lawyers to oppose new North Sea licences
Westminster has been accused by environmental groups of “abdicating all responsibility” for tackling climate change.
Uplift
Equinor will pay £834m less in tax if Rosebank is approved, campaigners argue
An environmental group is claiming Equinor will pay millions of pounds less in tax if the North Sea Rosebank field gets the go ahead.
Industry slams oil and gas windfall tax which will send ‘shockwaves for years to come’
Rishi Sunak has announced a multibillion-pound windfall tax on oil and gas, which the industry has slammed as sending "shockwaves" on jobs, investment and communities.
Shell CEO says £25bn UK investments ‘have to make sense’ amid windfall tax calls
The chief executive of Shell has addressed whether the prospect of a North Sea windfall tax would damage the case for its planned £25bn investment in the UK.
UK Government plans ‘accelerators’ for new North Sea projects
The UK Government has announced plans for regulatory “accelerators" which it claimed could shave "years off” development time for new oil and gas projects in the North Sea.
North Sea production ‘must decline’ at 7% per year to meet climate goals, UCL report says
A new report finds that new oil and gas licensing is not compatible with the UK’s climate commitments and targets set out by the Paris Agreement.
CEO van Beurden ‘not convinced’ by windfall tax as Shell profits surge
Shell chief executive Ben van Beurden says a windfall tax on the profits of North Sea companies is unlikely to ease the problems caused by lofty gas prices.
Court throws out claim that government is ‘unlawful’ in supporting North Sea oil
A High Court has thrown out a legal challenge claiming that the UK Government had acted unlawfully in its support for North Sea oil and gas.
Activists begin High Court hearing over North Sea oil plans
A group of campaigners will see their day in court as they challenge the UK government over its plans for continued North Sea oil recovery, which they allege are in conflict with the country’s net zero goals.
Cambo oil field: Environmental groups claim risks to marine life ‘down played’
Risks to marine life, including protected deep sea sponges and 400-year-old clams, have been “down played” by the operator of the Cambo oil field, according to environmental groups.
Campaigners approved to take UK Government to court on North Sea oil plans
A group of climate campaigners have received approval to take the UK Government to the High Court over its North Sea oil plans.
UK govt oil revenues fall 70% as price crash and decommissioning take effect
UK government revenues from oil and gas taxes have plummeted by more than 70% due to effects of the recent price crash and decommissioning repayments.