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fossil fuels

  • The public don’t understand net zero – it’s time for new arguments

    Opinion

    Widespread uncertainty about the costs and implementation of net zero risks undermining support for climate action. Effective communication can shift opinions, says Sir Craig Oliver In the face of a rising tide of anti-net zero rhetoric, the battle over climate and energy policy in the UK has never been fiercer. The current arguments being made [...]

  • Profit slump revealed at Jim Ratcliffe-backed Petroineos ahead of major closure

    Business

    Profitp at Petroineos slumped in the months leading up the closure of its Grangemouth refinery, heavily delayed accounts have revealed, as the energy trading company wrestled with economic uncertainty, supply chain shocks and a shift away from fossil fuels. The Jersey-based business, which is backed by billionaire Manchester United owner Sir Jim Ratcliffe, posted a [...]

  • Net zero is making Britain colder, poorer and less productive

    Opinion

    Far from leading the way, Britain is a cautionary tale on the dangers of net zero zealotry. We are too poor to continue a policy of self-harm, says James Price A friend came back from a trip to the United States recently and told me her biggest takeaway was how warm every home and business [...]

  • Is the government finally seeing sense on net zero?

    February 5, 2025

    The government has realised that planes will still take off, even in a lower carbon future, so they may as well do it from Heathrow. They should apply the same logic to fossil fuels and allow drilling in the North Sea, says Will Cooling The New Year has clearly brought with it new energy from [...]

  • Britain’s last coal-fired power station set to close in landmark moment

    September 26, 2024

    The UK’s last remaining coal-fired power station is to shut at the end of September, drawing to a close Britain’s 142-year reliance on the fossil fuel to produce electricity. Ratcliffe-on-Soar power station has been generating electricity since 1968 via its four coal-fired boilers, eight vast cooling towers and 199-metre tall chimney, which occupies a prominent [...]

  • Neo Energy slows down £900m North Sea project due to windfall tax

    September 2, 2024

    One of the North Sea’s largest oil and gas project has been plunged into uncertainty after its operator announced it was slowing down investment in light of “fiscal and regulatory uncertainty”. Neo Energy had planned to start work on the £900m Buchan project – expected to produce a peak of 35,000 barrels of oil a [...]

  • The Debate: Should B Corps cut ties with fossil fuel companies?

    July 25, 2024

    City A.M.’s weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. The Debate: Should B Corps cut ties with fossil fuel companies? Is it delusional to pretend that fossil fuel companies meet the B Corp standards, or is it unrealistic to shun companies like [...]

  • Banning North Sea oil will only benefit Saudi Arabia

    July 16, 2024

    Fossil fuels will remain part of the energy mix for decades to come – if we don’t extract our own resources from the North Sea, our loss will be other polluters’ gain, says Andy Mayer The new government’s plans to capitulate to the likes of Just Stop Oil by banning new drilling licences in the [...]

  • G7 and the Global Climate Agenda: What do NGOs Expect?

    June 14, 2024  |  Sponsored

    The leaders of the G7 are meeting from 13-15 June in Italy for the last time before Activists target powerful forums with the potential to set the narrative and make significant change, and it has not escaped campaigners that the G7 nations are responsible for 27% of global fossil fuel production. Groups are looking at the G7 [...]

  • Baillie Gifford ends Edinburgh Book Festival sponsorship after fossil fuel row

    May 31, 2024

    Scottish asset manager Baillie Gifford has been dropped as a sponsor for the Edinburgh International Book Festival after a row over the company's investments in fossil fuels and companies benefiting from Israel's occupation of Palestine.

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