Geothermal energy a step closer in Newcastle
A pioneering project to use geothermal energy to power the centre of Newcastle has found a hot water source 2km under the city.Newcastle University’s Institute for Research on Sustainability (NIRS), which is leading the project, announced yesterday (27 June 2011) that drilling on a site near St James’ Park football stadium
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UK chancellor Rishi Sunak has today confirmed a temporary windfall tax on the profits of oil and gas firms to help with the cost-of-living crisis.
The climate targets of oil and gas majors rely heavily on emissions mitigation technologies (EMTs) that are expensive and unproven at scale, analysis by Carbon Tracker has uncovered.
Acoalition of NGOs and environmental groups have called on financial institutions to stop “propping up” the war in Ukraine by cutting ties with Russia’s fossil fuel industry. In a letter to CEOs, they call on insurers, banks and asset managers to end financing, investment, insurance coverage and other financial services to companies in the Russian industry, and divest from existing assets.