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Climate Groups Sue The UK Over North Sea Oil Project | ZeroHedge

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Post published:26.12.2023
Post category:ENERGY
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Authored by Tsvetana Paraskova via OilPrice.com,

Two environmental groups have challenged in court the UK’s approval of a major new oil project in the North Sea, arguing that the field would be incompatible with the UK’s net-zero goal and that the government hasn’t factored in Scope 3 emissions when giving the green light to the plan.

In separate lawsuits filed in Scotland’s top civil court, Edinburgh’s Court of Session, Greenpeace, and Uplift are suing the UK (more…)

WTI Fades Off 2-Week Highs After API Reports Across-The-Board Inventory Builds | ZeroHedge

Post author:bitcointalk
Post published:26.12.2023
Post category:ENERGY
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Oil prices bounced once again today to two week highs as tensions in the Red Sea stoked worries over potential supply disruptions.Still, it's "very difficult to say how long the…

Swiss National Bank Urged To Exit Investments In Fracking | ZeroHedge

Post author:bitcointalk
Post published:26.12.2023
Post category:ENERGY
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Authored by Tsvetana Paraskova via OilPrice.com,

The Swiss National Bank (SNB) was urged to divest from oil and gas fracking companies on Monday, when climate activists handed over a petition signed by 60,000 people demanding the Swiss central bank exit its fracking investments.

Last month, a study by SNB Coalition and Climate Alliance Switzerland showed that the Swiss bank had investments worth a total of $16.1 billion in fossil fuel companies. (more…)