Fossil fuel firms fail to provide information on climate risks to their assets
Only 7% of oil and gas companies take account of climate change in corporate project and capital expenditure assessments despite 99% recognising that it is a business risk, according to financial experts.The Carbon Tracker Initiative (CTI) analysed responses from oil and gas companies to the Carbon Disclosure Project’s 2014 climate change questionnaire; and to requests for information on asset risks b
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The UK has lost significant market share in green technology to European competitors over the last two years, which will be worth £4.3bn by 2030.
The UK government has earmarked £5.5bn for a new Energy Bills Discount Scheme over one year, which is far less than the £18bn in support given for six months under the previous scheme.
One of the world’s leading climate physicists has again called for new regulation forcing the fossil fuel industry to carry out large-scale carbon capture and storage (CCS).
Around three-quarters of UK adults are currently worried about climate change, making it the joint most concerning issue in the country, a survey by the Office for National Statistics (ONS) has found.
The Department for Business, Energy and Industrial Strategy recently consulted on proposals to strengthen and improve the Energy Savings Opportunity Scheme (ESOS), and has published its response and decisions.