Tag: fossil fuels

Loading...

Today the Times reported that “The floods that devastated Brechin were not predicted to hit for another 60 years, according to climate change modelling by Scotland’s environmental watchdog”. The 2021 Scottish Environmental Protection Agency (Sepa) flood risk plan had estimated that about 440 homes and businesses in Brechin would be liable to flooding by the…

Loading...

At the end of July, on the same day that it reported on the Government granting over 100 new North Sea oil and gas licences, Carbon Brief Daily reported on the Financial Times front page article titled..”Britain makes it cheaper to pollute by watering down carbon market scheme”…….“Whitehall recently quietly announced changes to the UK’s…

Loading...

Rosebank has been given the go ahead today despite the repeated warnings of the IEA. The approval is in no small part due to the fact that there is no price on pollution at the point of production. Ironically the windfall tax has not disincentivised further development because the “investment allowance” allows companies to claim…

Loading...

The IMF, Carbon Pricing and Explicit and Implicit Fossil Fuels Subsidies Here are two terms that anyone who wants to preserve a stable climate needs to know: explicit fossil fuel subsidies and implicit fossil fuel subsidies. Explicit fossil fuel subsidies from governments directly reduce the price of fossil fuels, thus making it attractive to investors…

Loading...

The Labour Party has announced that it intends to stop the development of any new oil and gas fields in UK territory if it forms the next government. The move will have far-reaching consequences, leading to a rapid contraction of the UK’s oil and gas industry over the next decade. So it’s no surprise that…