Category : Search result: oil funding


No Major Banks Stop Funding New Fossil Fuels

New investigation exposes how not a single major global bank has committed to stop funding new oil, gas and coal projects, raising serious questions about the financial sector's climate commitments.

Petrobras abandons Amazon oil exploration plans

Brazil's state oil giant Petrobras has dramatically halted controversial drilling plans near the Amazon River mouth, marking a significant victory for environmental campaigners ahead of COP30 climate talks.

India denies Trump's Russian oil ban claims

Indian officials have directly contradicted Donald Trump's assertion that New Delhi agreed to stop purchasing Russian oil, creating fresh uncertainty about global energy markets and US-India relations.

NSW funds literature to combat AI-generated stories

The New South Wales government launches a groundbreaking funding initiative to protect authentic Australian storytelling from the rising tide of AI-generated content, championing human creativity.

Free Bus Pass Crisis for England's Seniors

Exclusive: The cherished free bus pass scheme for England's older generation hangs in the balance as ministers and local councils clash over who should foot the bill. Discover how this political standoff could leave millions stranded.

Trump: GOP States Should Stop Funding Democratic Areas

Former President Donald Trump has ignited a political firestorm by urging Republican-led states to halt financial support to Democratic states amid government shutdown threats, creating deep divisions in American politics.

British Basketball Team Suspended in Betting Scandal

The future of British men's basketball hangs in the balance as the entire team faces suspension and UK Sport funding is jeopardised following serious betting allegations involving players and staff.

Science in Crisis: CSIRO Funding Collapse Demands Action

Australia's premier scientific organisation, CSIRO, confronts an existential threat as chronic underfunding triggers brain drain and research cuts. Scientific leaders issue urgent plea to Prime Minister Albanese to rescue national science capability.

Reeves to scrap non-dom tax status raising billions

Shadow Chancellor Rachel Reeves announces radical plan to abolish non-dom tax status, potentially generating tens of billions for NHS, schools and policing while closing 'unfair loopholes' for wealthy elites.

Labour's North Sea oil plan sparks industry backlash

Keir Starmer faces mounting criticism over Labour's controversial North Sea oil and gas policy as industry leaders warn of economic devastation and Nigel Farage positions Reform UK as energy industry defenders.

MIT rejects Trump policy funding in principles stand

The prestigious Massachusetts Institute of Technology announces it will reject federal funding tied to Trump administration policies that restrict international student recruitment and research collaboration.

Welsh Govt Demands Emergency Funding Talks

First Minister Vaughan Gething calls for emergency talks with Chancellor Rachel Reeves amid warnings of 'impossible choices' facing Welsh public services.

NHS patient safety at dangerous tipping point

Exclusive: NHS leaders sound alarm as patient safety reaches 'tipping point' amid chronic underfunding and workforce shortages, with new analysis revealing devastating impact on healthcare services across England.

Government slashes museum funding in major shake-up

Major English museums face devastating budget cuts as Arts Council England redirects funding away from traditional institutions toward 'levelling up' agenda, sparking outrage in cultural sector.

Trump administration auctions Gulf of Mexico for oil drilling

Former President Donald Trump's administration is pushing forward with controversial plans to auction over 73 million acres for oil and gas drilling in the Gulf of Mexico, drawing immediate backlash from environmental groups and setting up a major politic

France seizes Russian oil tanker in Channel sanctions raid

In a dramatic enforcement of EU sanctions, French officials have impounded the Boracay tanker carrying Russian oil products near Cherbourg. The vessel, linked to a sanctioned Russian oligarch, highlights Europe's tightening grip on Moscow's energy exports

Oil Prices Plummet in Worst Weekly Drop Since June

Global oil markets face significant turbulence as prices head for their steepest weekly decline since June, with OPEC+ production cuts failing to offset weakening demand and economic concerns.

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