Oil and gas companies undermining climate goals, says report

Biggest fossil fuel extractors warned they risk wasting $2.2tn ‘in a low-carbon world’Major oil and gas companies have invested $50bn (£40.6bn) in fossil fuel projects that undermine global efforts to avert a runaway climate crisis, according to a repo…

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UK facing EU outrage over ‘timebomb’ of North Sea oil rigs

Germany leads complaint against plan to leave polluted remains of Shell rigs in placeThe British government is facing growing outrage from the European commission and five EU member states over its plans to leave some decommissioned oil rigs in the Nor…

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New York Times drops sponsorship of oil conference

Newspaper says event ‘gives us cause for concern’ after protests outside its officesThe New York Times has scrapped plans to sponsor one of the world’s biggest oil industry conferences after pressure from climate campaigners including Extinction Rebell…

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Ineos looks to US for fracking sites as UK options wane

Sir Jim Ratcliffe slates government restrictions as ‘archaic and unworkable’Sir Jim Ratcliffe, one of Britain’s richest men, has set his sights on the US shale gas industry as his fracking ambitions in the UK wane.The owner of petrochemicals giant Ineo…

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Government’s shift to relax shale gas fracking safeguards condemned

Environment groups fear possibly ‘weakened’ earthquake risk rules after report on Cuadrilla drillingEnvironmental groups have voiced fears that the government is preparing to row back on fracking regulations after officials said they were considering r…

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Oil demand growth almost halves amid fears of economic slowdown

Weakest growth since 2008’s financial crisis reported as anxiety over US-China trade war growsThe world’s demand for oil is growing at the slowest rate since the financial crisis over fears of a global economic slowdown, the International Energy Agency…

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