Equinor

Equinor offices targeted by climate protesters over Rosebank oil field

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https://www.standard.co.uk/business/business-news/equinor-offices-targeted-by-climate-protesters-over-rosebank-oil-field-b1080069.html

Climate protesters have gathered outside Norwegian oil giant Equinor’s London offices to oppose the company’s plans to develop the Rosebank oil and gas field.

Rosebank, which lies west of the Shetland Islands, is one of the largest such fields in the North Atlantic, capable of producing up to 500 million barrels of oil.

The International Energy Agency has previously said there must be no new investment in oil and gas if the world is to become net zero by 2050, while the Intergovernmental Panel on Climate Change said emissions from existing fossil fuel infrastructure are already set to push global temperatures beyond safe limits.

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https://www.standard.co.uk/business/business-news/equinor-offices-targeted-by-climate-protesters-over-rosebank-oil-field-b1080069.html

Continue ReadingEquinor offices targeted by climate protesters over Rosebank oil field

Grant Shapps assures the UK’s oil and gas industry it has his full support to continue drilling 

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https://www.energymonitor.ai/sectors/industry/grant-shapps-assures-the-uks-oil-and-gas-industry-it-has-his-full-support-to-continue-drilling/

Meanwhile, at the Royal Courts of Justice, campaigners celebrated a High Court ruling that granted charity Greenpeace permission to proceed with a judicial review of new oil and gas licensing in the North Sea.

The UK’s Secretary of State for the Department of Energy Security and Net Zero, Grant Shapps, has reassured Britain’s oil and gas industry that it has his full support to continue North Sea drilling during a keynote speech given at the Spectator’s Energy Summit on Wednesday.

At the event, which was sponsored by National Gas as well as Drax, Shapps told an audience mostly composed of energy sector professionals that it “simply makes no sense whatsoever to deny our own oil and gas, and instead import it – with twice the embedded carbon – from elsewhere in the world”. He added that it is “very important” to understand that even the Intergovernmental Panel on Climate Change recognises the need for “some” oil and gas production in 2050 when the UK has reached net zero.

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Meanwhile, just one mile down the road at the Royal Courts of Justice, campaigners celebrated a High Court ruling that granted charity Greenpeace permission to proceed with a judicial review of the government’s decision to launch a new oil and gas licensing round in the North Sea.

On Wednesday morning, the judge gave Greenpeace permission to conduct a full judicial review into the government’s failure to take into account the environmental effects of consuming the oil and gas due to be extracted in the new licensing round, in which fossil fuel companies submitted more than 100 licences for exploration. 

“See you in court” one campaigner wrote on Twitter tagging Shapps, who was in the process of assuring his audience that the government “will not shy away from awarding new licences where they are justified”. The fate of the controversial Rosebank oil field, with the potential to produce 500m barrels of oil and therefore exceed the UK’s carbon budget, remains undecided.

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https://www.energymonitor.ai/sectors/industry/grant-shapps-assures-the-uks-oil-and-gas-industry-it-has-his-full-support-to-continue-drilling/

Continue ReadingGrant Shapps assures the UK’s oil and gas industry it has his full support to continue drilling 

COP26 News review day 8

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Obama implores world leaders to ‘step up now’ to avert climate disaster

Barack Obama has called on world leaders to “step up and step up now” to avert climate breakdown, singling out China and Russia for being foremost among countries that are failing to cut planet-heating emissions quickly enough.

Obama said that while progress has been made at the Glasgow climate talks, including significant pledges made by countries to reduce methane emissions and to end deforestation, “we are nowhere near where we need to be at” in cutting emissions and that “most nations have failed to be as ambitious as they need to be”.

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HSBC led big banks’ charge against climate change action

HSBC coordinated efforts to try and water down action on climate change in the banking sector by seeking to delay a key deadline and scrap mandatory science-based targets for a major net-zero alliance, the Bureau can reveal.

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Revealed: 1,000 fossil fuel and big business reps at COP26

Nearly 1,000 representatives from the fossil fuel industry, big business and nuclear power companies have registered to attend the COP26 climate summit in Glasgow, according to an analysis by The Ferret.

They include executives from Shell, BP, Equinor, Chevron, Total, Gazprom and other major oil and gas companies, as well as multinational corporations such as McDonald’s, Bayer, Walmart, HSBC, PepsiCo, Nestlé and Microsoft.

There are also delegations from the coal industry, tobacco companies and pesticide manufacturers. Eleven people from two climate sceptic think-tanks have registered for the summit.

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Wera Hobhouse MP: Tory fossil fuel funding is delaying an end date for fossil fuels

‘As long as we have a Government dominated by vested interests, the UK will make no progress on climate action.’

Wera Hobhouse is the Liberal Democrats’ justice spokesperson and MP for Bath.

To reach net zero, we need an end date for the use of fossil fuels. Yet, the Government is taking us backwards on tackling climate change. Any wonder when they are bankrolled by fossil fuel interests and climate sceptics? As long as we have a Government dominated by vested interests, the UK will make no progress on climate action. 

Earlier this week, an investigation revealed that the Conservative party and its MPs received £1.3m in gifts and donations from climate sceptics and fossil fuel interests since the election in 2019. 

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How the UK Government is funnelling billions into fossil fuel projects abroad

While spinning itself as a ‘leader’ in fighting climate change, the UK is funnelling billions into climate wrecking fossil fuel projects overseas

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Continue ReadingCOP26 News review day 8