Today news
About the same in other media
UK tax breaks for oil and gas under scrutiny from climate activists
Reading now: 984
The UK government failed to account for the billions of pounds in financial support it provides to the fossil fuel industry when deciding how much oil and gas to extract from the North Sea, climate campaigners have argued.
A high court hearing that began on Wednesday has put the economics of the fossil fuel industry under the spotlight and raised questions about the compatibility of oil and gas production with a net zero goal.
The UK’s Oil and Gas Authority (OGA) has a legal duty to “maximise economic recovery” from domestic oil and gas resources and adopted a new corporate strategy to achieve this in February. But campaigners say this does not benefit the UK as a whole.
The three plaintiffs in the case – climate activist Mikaela Loach,
Read more on theguardian.comAbout this in other media
EU has ‘limited’ appetite for post-Brexit migration deal with UK theguardian.com /2 years ago
Northern Ireland: what are EU and UK proposing and will deal be done? theguardian.com /2 years ago
HSBC fined £64m for failures in anti-laundering processes theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
