Ditching net zero is a colossal act of self-harm for our economy and global vision Richard Black Amidst the politicking that inevitably surrounds any leadership race, a handful of Conservative MPs have demanded a review of our commitment to achieve net zero greenhouse gas emissions by 2050. These calls betray a fundamental misunderstanding of the wider benefits of decarbonisation to UK interests and the global momentum towards net zero. More than 130 [...]
With Shell’s exit from Cambo, North Sea oil’s economics are slipping away Richard Black The controversial Cambo oil field was left with a black hole in its budget after Shell pulled out its investment in the project. It has thrown the future of UK oil and gas exploration into doubt, and raises the question of what the rationale might be for continuing development in the North Sea. Under national [...]
