OIl and Gas Authority
29 new oil and gas projects in the UK North Sea could cause one billion tonnes of emissions despite the pausing of the Cambo oil field.
The Scottish Government urged the oil and gas industry to use “the voices of young people” for “powerful messaging” at the COP26 climate summit.
The UK Government has accepted it has powers to stop the disputed Cambo oil development “in the public interest” after a legal challenge by campaigners.
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 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.
Increasing sales of North Sea oil assets to unlisted private companies have raised concerns over transparency and accountability in the sector,
Nine firms have bid for the rights to start fracking large swathes of Scotland, despite the current moratorium on the practice.