The Treasury faces a £13 billion hit from Labour’s 'green' North Sea shutdown, BP’s former finance chief has warned.
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London mayor points to ‘terrifying scenes’ this summer amid speculation Burnham may back Jackdaw and Rosebank projects
Sadiq Khan has called on the government to commit to revamped climate action and to reduce the UK’s reliance on oil and gas, as the UK endures a summer of drought, wildfires and heatwaves.
Writing in the Guardian, the mayor of London said that Andy Burnham’s administration must reaffirm its commitment to net zero and make clear it will continue to reduce the UK’s reliance on oil and gas “to get Britain back on track.”
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© Photograph: Yui Mok/PA
© Photograph: Yui Mok/PA
© Photograph: Yui Mok/PA
Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damage
Eight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves.
The windfall war profits have reignited calls for oil and gas supermajors such as Saudi Aramco and BP to pay for the environmental damage caused by “cashing in on human misery” and fund a rapid transition to renewable energy.
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© Composite: Guardian Design/Reuters/EPA/AP/Getty Images/ZUMA Press Wire/Shutterstock
© Composite: Guardian Design/Reuters/EPA/AP/Getty Images/ZUMA Press Wire/Shutterstock
© Composite: Guardian Design/Reuters/EPA/AP/Getty Images/ZUMA Press Wire/Shutterstock
John Barstow says oil expansion is a necessity, while David Parker wonders if the prime minister will protect the planet or the fossil fuel industry
North Sea oil expansion is a necessity (Burnham risks first revolt as PM over apparent support for North Sea drilling, 31 July). I state this as an environmentalist – not despite. Oil is a feedstock, not mere fuel. Oil is necessary for the day-to-day maintenance of wind turbines, nuclear plants and rail. Hence oil is part and parcel of supply chains for green tech. A domestic oil base brings such supply chains closer. This also underscores the case for approval of coking coal extraction in Cumbria. Green tech needs high-grade steel and high-grade steel needs coking coal.
There are much better ways of helping the environment, such as more tree planting and stopping plastic waste being dumped into our seas. The carbon sink factor would be helped. A major expansion of the UK’s North Sea oil sector will make a more cohesive UK, complete with more jobs in Scotland and the north of England, including in supply manufacturing chains.
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© Photograph: Martin Langer/Alamy
© Photograph: Martin Langer/Alamy
© Photograph: Martin Langer/Alamy
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