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A False Promise of Prosperity
An analysis of UK Prosperity Fund support to the oil and gas industry Based on official Foreign Office data, this briefing reveals that the UK’s Foreign Office spent funds from the Official Development Aid budget to promote shale gas drilling in China, as well as supporting expansion of oil and gas industries in Brazil, Mexico,…
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There is no magic money tree, except for handouts for BP
The UK government paid oil companies $312 million to drill in the North Sea during the fiscal year 2016-2017 according to a new report by the HMRC, The Times reports. Successive UK governments insist “there is no magic money tree” to fund public hospitals and schools, or to insulate cold homes. But apparently the magic…
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Today’s oil drilling round could bust us through UK’s climate limits
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 today to bid for 1200 blocks covering large swathes of the sea off North-west and North-east Scotland and England. This is the the 29th Offshore Licensing Round, and it aims to identify hundreds of millions in…
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Subsidising spills – British public pays BP $300 million to drill and spill
BP came under criticism this week when it caused a 95 tonne oil leak from its Clair Field into the North Sea. The company decided not to clear up the spill, and wait for the oil to wash further out to sea. The new spill comes as BP no longer pays net taxes to the…
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6 reasons why #Budget2016 really really shouldn’t subsidise North Sea oil even more
Osborne is announcing his #Budget2016 on Weds, and there’s lots of pressure from the oil barons for more subsidies and tax cuts. Their income has been hit by the falling oil price, and in all those years of bonanza profits they never thought to save for this rainy day (even though it was predictable given the mostly cyclical…
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What is Energy Democracy and how do we pay for it?
To build energy democracy we need to break the control of corporations over our energy. Companies like BP and Shell and the Big Six play an enormous role in determining which fuels are used to generate energy, how much we pay for electricity, and where the profits go. These big companies work hard to convince…
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#Budget2015: Welfare for Fossil Fuels, Austerity for the rest
This blog was written jointly with Greg Muttitt of Oil Change International Today, Osborne announced massive tax breaks and subsidies for North Sea oil companies. A new £1.3 billion in subsidies will be handed to oil companies, with the burden transferred to the public. £1.3 billion could cover the costs of employing another 20,000 nurses…
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A manifesto for Energy beyond Neoliberalism
We’ve written a manifesto titled Energy beyond Neoliberalism: “This is a call for energy democracy. Not energy security or energy separation. A survivable and just energy future means breaking the grip of elite interests on our energy systems, ending dependency, increasing autonomy, building diverse power structures through which we can hold one another to account,…
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The Secret Figures Behind North Sea Oil
What’s missing from the oil debate around Scotland’s referendum? The dominant voices on both sides of the #indyref debate have focused on total reserves left on the UK Continental Shelf, and on the potential for an oil fund. But the debate has shied away from asking in whose interest oil should be governed, and whether…
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Cameron’s floods response? Drill baby, drill!
The flood-waters are slowly receding. Communities across the country are still struggling to regain a sense of normality after the wettest winter on record. Questions are being raised about extreme weather in the UK, how prepared we are to deal with it, and whether or not this is a taster of things to come. You’re…
