Research

Prime Minister Keir Stamer paints a bleak picture of the economic situation in the UK, announcing worsening economic and social pressures. The thing is, there is money. It is just being spent on the wrong things. The UK has already spent or committed nearly £500 million on CCS projects since 2010. £168 million of this was spent between 2012 and 2016 on two projects (Peterhead and White Rose) that failed to get off the ground. Policies announced since 2020 have made available £25.26 billion for CCS and hydrogen projects. Only a fraction of this has been committed to date. This is enough to fund the total 2023 winter fuel allowance payout 12 times over.

This new report reveals, for the first time, the climate impact of North Sea oil and gas extraction, and shows the way to a job-creating energy transition. To deal with the climate emergency, the UK needs to immediately stop approving new oil and gas drilling and redirect support to clean jobs and renewable energy.

Dispelling myths about North Sea oil taxes, jobs, profits and climate.

New analysis released today at the COP21 climate negotiations reveals that G7 countries along with Australia spend 40 times more on support for fossil fuel production than they do in contributions to the Green Climate Fund.