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Oil & Gas

UK’s overseas development bank told to step off the gas pedal

We have a decade to decarbonise the global economy and limit temperature rises to 1.5 degrees Celsius – the target set by the Paris Agreement in 2015.
By Jeremy Cresswell, emeritus editor
02/08/2021, 12:01 am
© Shutterstock / Charles HB MercerElectricity pylon with the early morning light gleaming off the cables in South Africa.
Electricity pylon with the early morning light gleaming off the cables in South Africa.

We have a decade to decarbonise the global economy and limit temperature rises to 1.5 degrees Celsius – the target set by the Paris Agreement in 2015.

Yet the UK Government argues that investing in oil and gas is still valid.

Witness the UK North Sea Transition Deal announced in March and the battle of minds going on over the planned Cambo

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