Siccar Point Energy
Firm which owns the Cambo oil field is on a United Nations blacklist for doing business in Israeli-occupied West Bank settlements,
Two Edinburgh-based investment firms are shareholders in an energy company which plans to develop two of the largest untapped oil fields in the UK North Sea.
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 plan to drill for oil deep under the sea at Cambo, north west of Shetland, is “uneconomic” and would breach international targets to cut climate pollution.
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.