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Company behind failed Surrey oilfield project sells site at massive loss

New owners apply for permission to extract oil in Horse Hill despite landmark ruling from supreme court in 2024

After years of trying to dig for oil in Surrey, the company behind the drilling project that was turned down in a landmark supreme court ruling has sold off the site for a fraction of the money it spent on it, and rebranded as a clean energy company.

Meanwhile, the new owners, who picked up the site for Β£1m, are applying, once again, for permission to dig.

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Β© Photograph: Carl Court/Getty Images

Β© Photograph: Carl Court/Getty Images

Β© Photograph: Carl Court/Getty Images

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Barclays faces complaint over backing for power plant near world’s largest mangrove forest

Bangladeshi complainants allege Rampal power station’s pollution and climate risks threaten the Sunderbans, a world heritage site

Barclays Bank is facing a formal complaint over its financial links to a coal-fired power station near the Sundarbans, the world’s largest mangrove forest and home to millions of people in Bangladesh and India.

Three complainants from the region have submitted a case to the UK government’s Office for Responsible Business Conduct, alleging that the British bank breached international guidelines by underwriting companies involved in the emission-heavy Maitree super thermal power project, also known as the Rampal power plant.

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Β© Photograph: NurPhoto/Getty Images

Β© Photograph: NurPhoto/Getty Images

Β© Photograph: NurPhoto/Getty Images

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