Category: Commodities
Union urges Labour not to ban new North Sea licences without plan for jobs
Unite launches bid to persuade Keir Starmer to invest more in north-east ScotlandThe UK’s oil and gas workers risk becoming “the coal miners of our generation,” Unite’s general secretary, Sharon Graham,...
Read MoreCalls grow for urgent talks to protect future of Grangemouth oil refinery
Governments in Westminster and Edinburgh urged to engage with Petroineos to save Scotland’s sole remaining oil refineryThe UK and Scottish governments have been asked to arrange urgent talks to protect the future of...
Read MoreThames Water parent defaults on debt; train strikes bring five major lines in England to a halt – business live
Kemble Water missed an interest payment, raising the prospect that the company could collapse or face a significant restructureHere’s our full story on UK house prices falling in March:Our other stories today: Continue...
Read MoreShell must clean up pollution before it leaves Niger delta, report says
Firm told it must take responsibility for toxic legacy of pollution and safe decommissioning of abandoned oil infrastructureThe oil firm Shell cannot be allowed to withdraw from the Niger delta before it takes responsibility for...
Read MoreTory donor’s oil and gas company given North Sea licence after £150,000 fine
Subsidiary of EnQuest, which was fined in 2022 for illegal gas flaring, awarded one of 24 new drilling licencesAn oil and gas company owned by a major Tory donor, which has been fined for illegal flaring, has been awarded a...
Read MoreAverage UK person has lost out on £10,200 since 2010, thinktank says
Comparing actual economic growth across UK cities with pre-2010 trends shows Aberdeen £45,000 poorer, with Burnley next at £28,000People in Aberdeen are a total of £45,000 worse off since 2010 after suffering...
Read MoreGreedflation: corporate profiteering ‘significantly’ boosted global prices, study shows
Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludesProfiteering has played a significant role in boosting inflation during 2022, according to...
Read MoreBeef, soy and palm oil products linked to deforestation still imported into UK
Campaigners accuse government of failing to stick to promises made at Cop26 climate summit in 2021UK politics live – latest updatesBeef, soy and palm oil products driving deforestation are still being imported into the UK,...
Read MoreScottish public spending deficit falls as oil revenues hit record high
Both sides of constitutional debate use GERS data to argue case for and against independenceUK politics live – latest updatesScotland’s public spending deficit has fallen from a record peak last year, as oil and gas...
Read MoreLeak reveals ‘touchy’ issues for UAE’s presidency of UN climate summit
Exclusive: Long list of ‘sensitive’ topics for petrostate include oil and gas production, emissions and Yemen war crimesA comprehensive list of “touchy and sensitive issues” for the United Arab Emirates,...
Read MoreEd Miliband urges PM to close ‘Swiss cheese’ holes in windfall tax on energy firms
Shadow net zero secretary attacks Sunak’s ‘perverse’ policy as Shell and British Gas report soaring profitsBusiness live – latest updatesRishi Sunak has been urged to close the holes in his “Swiss...
Read MoreBank of England says 1m households face £500 rise in monthly mortgage payments by end of 2026 – business live
Bank of England chief says there ‘will be consequences’ of higher rates, as all UK banks pass stress testsTreasury watchdog prepares to warn that rising UK interest rates threaten Sunak’s fiscal plansAsked by...
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