COP30 Funding Crisis: Paying for End of Oil and Gas
The critical funding gap for climate action takes centre stage at COP30. Wealthy nations must lead the transition away from fossil fuels. The time for action is now.
Category : Search result: oil debt
Man jailed for stealing £270K Banksy print
An East London man has been sentenced to prison for stealing a valuable Banksy artwork to settle a historic drug debt. Discover the full story of the gallery burglary.
$50,000 Arts Degrees to Continue Until 2027
Australian students face $50,000 arts degrees until at least 2027 as government delays reform of the controversial Job Ready Graduates scheme. Discover why critics are demanding urgent action.
1 in 4 Brits borrow from family instead of banks
New research reveals a quarter of UK adults borrow from family, while 15% turn to friends. Many are rejected by traditional lenders. Share your story with us.
Ineos cuts hundreds of jobs amid debt struggles
Sir Jim Ratcliffe's Ineos Automotive is cutting hundreds of jobs across its global operations as the company grapples with significant debt and operational challenges. Read the full analysis.
Oil glut warning: 4 million barrel surplus forecast
The International Energy Agency forecasts a major oil surplus by 2026, revealing a growing imbalance between global supply and demand. Discover the implications for energy markets.
Lukoil asset fire sale ahead of US sanctions deadline
Russian oil company Lukoil faces forced divestment of international assets as US sanctions take effect November 21. Multiple countries considering nationalisation while Ukraine battles continue.
Trump grants Orbán special energy exemption
Donald Trump offers Viktor Orbán special exemption from Russian oil sanctions during White House meeting, undermining EU unity as Hungarian elections approach.
Libya loses $20bn in state-sanctioned fuel smuggling
Shocking report reveals how Libyan officials smuggled $20bn worth of fuel, funding Sudan's civil war. Demand international action and sanctions now.
7 BNPL Tips for a Debt-Free Christmas
Expert advice on using Buy Now Pay Later services wisely this festive season. Learn how to manage BNPL debt and protect your credit score with our essential tips.
Trump's Shutdown Crisis Over Venezuela Deal
Washington braces for potential government shutdown as Trump's controversial Venezuela oil agreement faces Senate backlash and bipartisan criticism over constitutional concerns.
Bulgaria seizes Russian refinery in sanctions crackdown
In a significant escalation of economic pressure on Moscow, Bulgaria moves to nationalise a key Russian-owned oil refinery while Poland positions itself as Europe's new gas conduit from the US.
North Sea Oil & Gas Emergency: Production Plummets
Britain's North Sea oil and gas output faces catastrophic decline, threatening energy security and risking 180,000 jobs as industry leaders demand urgent government action.
Badenoch vs Starmer: UK Energy Policy Divide Widens
Cabinet minister Kemi Badenoch urges government to boost UK energy security through domestic oil and gas exploration, creating clear dividing lines with Labour's climate-focused agenda ahead of COP30.
Climate protesters convicted after judge bars climate facts
Three Just Stop Oil activists found guilty after landmark ruling prevents them from presenting climate science evidence to jury in London trial
BP profits plunge 70% as oil prices retreat
BP reports staggering 70% profit drop as oil prices retreat from Ukraine war peaks. Discover how the energy titan is navigating market turbulence while maintaining shareholder payouts.
Pizza Hut Restaurants collapses with 1100 jobs lost
The UK's Pizza Hut Restaurants business has entered administration, leaving behind £30m in debts and resulting in the immediate loss of 1100 jobs across 29 locations.
OPEC Halts Oil Output Hikes as Prices Surge Above $84
OPEC+ halts planned oil output increases, sending crude prices soaring above $84. Meanwhile, UK manufacturing activity contracts for the 29th consecutive month amid ongoing economic pressures.
Tax Office pays private debt collector £42m
The Australian Taxation Office has paid debt recovery firm RecoveriesCorp over £42 million to chase unpaid taxes, raising serious questions about outsourcing public debt collection to private contractors.
Data Centre Boom Fuels £1.4 Trillion Debt Surge
The explosive growth of data centres worldwide is creating a massive £1.4 trillion debt bubble, driven by insatiable AI and cloud computing demands. Discover how this digital gold rush is reshaping global finance and raising alarm bells among investors.
Just Stop Oil Activists Cleared in Stonehenge Trial
In a dramatic court verdict, two Just Stop Oil activists have been acquitted after defacing Stonehenge with orange powder paint. The controversial decision has sparked heated debate about protest rights versus heritage protection.
Stonehenge Activists: 'We Had No Choice'
Exclusive interview reveals the motivations behind the controversial Stonehenge protest as activists face potential prison sentences for their climate action demonstration.
Just Stop Oil Activists Cleared Over Stonehenge Protest
In a stunning legal verdict, three Just Stop Oil activists have been acquitted for their Stonehenge protest after arguing their actions were necessary to confront the climate emergency.
FCA warns over wealth consolidator risks
UK financial watchdog reveals serious concerns about conflicts of interest and unsustainable borrowing practices among wealth management consolidators, warning of potential consumer harm.
Energy firms hold £240m in customer credit - Ofgem
Ofgem investigation reveals energy suppliers are sitting on £240 million of customer credit from old accounts, with nearly two million households due refunds.
Energy bills to rise 5% as suppliers chase £500m debt
Millions of UK households are bracing for a double blow as energy bills are projected to rise by 5% while suppliers seek to recover nearly £500 million in customer debt through increased charges.
BNPL Habits Threatening UK Mortgage Applications
Exclusive investigation reveals how 'buy now, pay later' schemes are secretly damaging mortgage applications across the UK. Lenders are cracking down on invisible debt.
Ofgem to clear £3bn energy debt via bill increase
Millions of UK energy customers face a small bill increase as regulator Ofgem proposes clearing £3 billion in customer debt through a temporary charge, while also increasing support for vulnerable households.
Shell profits smash £43bn on Brazil and Gulf production surge
Energy giant Shell reports staggering £43 billion profits as production hits unprecedented levels in Brazil and Gulf of Mexico operations, reshaping global energy markets.
Trump-Xi Trade Deal Sends Oil Prices Soaring
Global markets surge as Trump and Xi announce major trade breakthrough, sending oil prices skyrocketing and triggering a rally across London's FTSE 100.
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