The elephant in the room of UK climate policy
Oil Change International and Platform express their solidarity with striking workers on platforms in the North Sea operated by French oil giant Total.
Post by Mika Minio-Paluello, first published by Platform The UK government is pushing a massive new offshore drilling programme, that will take the UK beyond its climate limits. Oil companies had until 2pm Wednesday to bid for 1200 blocks covering large swathes of the sea off North-west and North-east Scotland and England. There is no space in the atmosphere for the … Read More
Oil Change International in solidarity with striking oil workers in Scotland
Response to UK Budget 2016
Dispelling myths about North Sea oil taxes, jobs, profits and climate
Last week, the British Prime Minster, David Cameron, flew to Aberdeen, the oil capital of the UK to announce £250 million emergency funding to “prop up the North Sea oil industry”; which is reeling badly from the low oil price.
The low price is affecting more mature areas of production too and nowhere is that more so than the British North Sea.
Oil companies demanded tax breaks in UK Budget, despite their eye-watering profit levels – OCI/Plaform analysis. UPDATED with the Budget announcement
Everywhere you look there is carnage in the oil industry as the reality of low oil prices begins to bite. From North America, to the North Sea and the Arctic, the low crude oil price is reshaping the size, shape and prospects of the industry.