The cost-of-living and climate crises are intimately linked. The profiteering of energy firms is largely behind the massive increase in energy and fuel costs, yet the UK remains the most profitable country for oil and gas companies. Our reliance on these dirty fuels is driving up bills domestically, and accelerating climate impacts worldwide.
The Chancellor announced that there would be a 91% tax relief for new oil and gas investments. This loophole for oil and gas producers is bad news for the climate and bad news for the many people struggling with the cost of living, who will likely see a repeat of the energy bills crisis come winter.
New Jackdaw gas field means public lose out on over £200m of windfall tax
UK taxpayers are set to lose out on over £200 million in windfall tax due to the government approving just a single, new North Sea gas field according to analysis of Rystad Energy data by the campaign group Uplift. The Jackdaw gas field, however, will not lead to lower energy bills and will do next to nothing for UK energy security.
BREAKING: The UK Government has approved Jackdaw
Earlier today, the UK Government announced its approval of the Jackdaw gas field. But we’re not going anywhere. We will continue to explore every possible avenue to stop this field and all new fields from going ahead.
“Not here, not anywhere”: Five campaigns to follow this World Africa Day
Despite having contributed the least to the climate crisis, Africa is the continent most vulnerable to climate breakdown. This World Africa Day, we are amplifying five powerful campaigns across the African continent, that are resisting extractivist industries and fighting for the rights of local and Indigenous communities.
“Colonialism hasn’t stopped, it just changed shape”: The toxic truth about natural gas
In the race to phase out coal and oil, gas has been branded as a greener and cleaner midterm solution as we shift towards renewable energy systems. In our interview with Ya'ara Peretz from the Gastivists Collective, she tells us why clean gas is a dirty lie, and how fossil gas fuels destruction and geopolitical conflict.
Shell announces highest ever profits for a single quarter
Shell has made profits of over £7.3 billion in just three months. That’s triple what it made last year. And it’s just going to hand them to shareholders.