Climate Groups Blockade U.K. Oil Terminals Over Fossil Fuel Push
(Bloomberg) -- Environmental groups blocked oil terminals owned by BP Plc, Exxon Mobil Corp. and Esso U.K. Ltd., in protest over British government policies to extract more fossil fuels.
Prime Minister Boris Johnson has said he wants to encourage more drilling in the North Sea to boost domestic oil and natural gas output as the U.K. seeks to bolster energy security following Russia's invasion of Ukraine. Extinction Rebellion has blocked three oil facilities, saying it's aligned with the International Energy Agency, which has said there should be no new investments in oil, gas and coal to tackle the climate crisis.
Exxon Mobil U.K. said it has temporarily suspended operations at its fuel terminals in Hythe, Birmingham, Purfleet and West London, where protests are taking place.Â
Extinction Rebellion protesters used pink boats to block some sites, while others locked themselves onto tripods or barrels filled with concrete. A spokesman said the protests would continue for as long as the group had the resources.
Other facilities were blocked by a broader coalition of protesters, known as Just Stop Oil. They said people sat in the road to block trucks from leaving, while others climbed on top of oil tankers, including more than 30 young people at the Navigator Oil Terminal in Thurrock. Essex Police said they had arrested six people in Thurrock.Â
The U.K. may publish its strategy on energy security as soon as next week. It's expected to focus on homegrown sources of energy like offshore wind, solar and nuclear. There have been calls from some members of the Conservative Party to end the ban on fracking. On Thursday, Cuadrilla Resources Ltd. was granted an extension to continue to explore fracking at three wells in Britain.
©2022 Bloomberg L.P.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.