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Government to ban financing fossil fuel plans overseas

Heather Trudeau
BEIS, carbon capture, carbon storage, Efficiency & Environment, energy transition, fossil fuels, friends of the earth, green recovery, hydrogen, Infrastructure, North Sea, oil and gas, Policy, Renewables, Top Stories
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Government to ban financing fossil fuel plans overseas: The UK will halt financing overseas fossil fuel projects starting 31st March, succeeding a trailblazing North Sea Transition Deal settled between the government & the oil and gas sector. This new agreement will have policymakers & industry invest as much as £16b in renewables, hydrogen & carbon…
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£31m granted for safe carbon storage off Aberdeenshire

Heather Trudeau
Aberdeenshire, carbon storage, Finance & Markets, GreenTECH, Infrastructure, Low Carbon, Net Zero Infrastructure, North Sea, Peterhead, Scotland, Top Stories, UK
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£31m granted for safe carbon storage off Aberdeenshire: An enterprising new project to supply safe carbon storage capacity off Aberdeenshire, in the North Sea, is being awarded over £31 million of UK Government funding. Situated in Peterhead, it will help the advancement of Scotland’s Net Zero Infrastructure project, to provide important onshore & offshore engineering…
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UK CCS project invested into by Japanese trading house

Heather Trudeau
carbon capture and storage, carbon dioxide emissions, CCS, energy transition, Finance & Markets, Infrastructure, Mitsui, North Sea, oil and gas reservoir, Storegga Geotechnologies
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UK CCS project invested into by Japanese trading house:  It has been announced by the Japanese trading house Mitsui & Co Ltd that they will invest in the development of carbon capture and storage (CCS) projects in Britain. Developing the Acorn CCS project the company has purchased a 15.4% share in Storegga Geotechnologies. The investment…
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A fifth of North Sea oil firms to make more workforce cuts

Heather Trudeau
Aberdeen & Grampian Chamber of Commerce, climate change, Finance & Markets, Fraser of Allander Institute, KPMG UK, North Sea, oil and gas, Top Stories
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A fifth of North Sea oil firms to make more workforce cuts: Nearly a fifth of North Sea oil & gas companies forecast to carry out further redundancies in 2021. This is according to a current survey done by Aberdeen and Grampian Chamber of Commerce in cooperation with the independent research area of the University…
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