The UK Government is “confident” that the controversial Cambo oil development could go ahead without breaching climate targets.
Three of the senior executives who run the UK government authority that licenses new North Sea developments have shares worth over £225,000 in the oil industry.
The UK will cause 361 million tonnes of carbon pollution by increasing North Sea oil production since the climate emergency was declared in 2019.
Climate campaigners have branded the Scottish Government “disgraceful” for consulting the oil and gas industry on “choreography around COP26”.
The main developer behind the Cambo oil field is ultimately owned in an offshore tax haven, which could deprive the UK of tens of millions of pounds.