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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Political uncertainty puts London listing for Saudi Aramco in doubt

Decision to rule out UK and Hong Kong would be major blow to both financial centresSaudi Arabia’s revived plans for a $2tn mega-listing of its state oil company may rule out the London Stock Exchange amid Britain’s rising political uncertainty, accordi…

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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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European markets rattled as global recession fears linger

Index of Britain’s top 100 firms at six-month low and oil prices fall 3% to below $58 a barrelStock markets in Europe extended their losing streak on Thursday and oil prices fell 3% to below $58 a barrel as mounting recession concerns continued to hit …

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