fossil fuels

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Tory MP claims Church of England should invest in fossil fuels


The Church of England should “put aside the Greenpeace manuals” and invest in fossil fuels, a Tory MP has said. Climate change sceptic David TC Davies (Monmouth) told Church commissioners to look at the Bible’s Parable of the Talents, which is about making wise investments.

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Amber Rudd: Climate action about economic security


Taking action on climate change is the “ultimate insurance policy” to protect UK families and businesses, Amber Rudd will say. In her first major speech on tackling global warming, the Energy and Climate Change Secretary will say measures to curb rising temperatures are about ensuring economic security. She will tell business leaders at an event in the City of London that unchecked climate change would have a profound economic impact, leading to lower growth, higher prices and a lower quality of life. And, after a series of announcements of cuts to green policies, she will insist that the Conservatives are committed to taking action on climate change, in ways that will keep bills down and encourage businesses to innovate, grow and create jobs.

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Edinburgh University steps to withdraw investments in fossil fuel producers


The University of Edinburgh is taking steps to withdraw its investments in fossil fuel producers, in response to pressure from student groups and activists. Students staged pickets and occupied a building after the university said two weeks ago it would only divest from companies that produce coal and tar sands if they are found not to be investing in technologies that address climate change. But yesterday the university said it is informing “three of the world’s biggest fossil fuel producers” of its intentions to divest from them within the next six months, giving them four weeks to respond.

Oil & Gas

CNR in preliminary agreement with Halliburton for UK fossil fuel deposits


The investment company founded by oil pioneer Algy Cluff has come to a preliminary agreement with US oil giant Halliburton to work together on cultivating UK fossil fuel deposits. The deal moves Cluff Natural Resources (CNR) another step closer to developing the UK’s first offshore Underground Coal Gasification (UCG) project. The process of tapping un-mined coal reserves involves pumping oxygen and water through a borehole to turn the fossil fuel into synthetic gas, which can then be converted into hydrogen, methane, carbon monoxide and carbon dioxide.