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BBCNEWS BBC News June 4, 2024 10:53:00

Boilers, and the only way forward is to move over to renewable generated electricity and doubling down on oil and extraction. you mentioned carbon capture and storage calling it a distraction. it was described as being embryonic on bbc news earlier. do you think they could have gone further or this isn t enough? carbon capture and storage will have a role with industries like cement manufacturer manufacturing but it isn t a smoke screen which is my concern that the government is using this as a smoke screen for more development of oil and which we cannot afford it to burn because of the climate crisis. there are ....

Oil And Gas Uk , Carbon Capture And Storage , Bbc News , Smoke Screen , Cement Manufacturer , Isn T A , Climate Crisis ,

BBCNEWS Verified Live June 4, 2024 15:32:00

On any of them. the oil and gas industry s own estimates show that the production will continue to decline in the north sea no matter what the government s policy is, simply because there s not as much gas and oil as there was 50 years ago when we first started extracting from the north sea. actually, what s left in the north sea is actually mostly oil and this is mostly exported. so there s very little benefit to our bills from more north sea extraction. and during a cost of living crisis bills is obviously a very strong priority for the public. so it s a bit of a strange decision to approve more when it s not going to help with our bills because the can t move the dial on internationally set prices. and it s actuallyjust going to mean that oil and gas companies make more money from exporting to the highest bidder. yeah, and that s what many people will be confused by, given that we are told we should be investing in renewables, that some fossil fuels are still subsidised by the uk go ....

North Sea , Oil And Gas Industry , Crisis Bills , Up To , Fossil Fuels ,

BBCNEWS Newsnight June 4, 2024 21:35:00

In 2050, the pathway to net zero suggests some oil and gas will still be used, but demand will have fallen by 85% and 70% respectively. that s 27 years away when some of the oil and gas licences issued now mayjust be starting to produce fuel. let s turn then to the other half of the government s announcement, confirming two new projects to be part of a £20 billion, 20 yearfunding commitment for carbon capture and storage. ccs is a range of technologies which extract carbon. typically, eitherjust before orjust after a fuel is burnt. it means less carbon dioxide reaches the atmosphere and contributes to warming. instead, the gas is compressed and pumped into underground caverns. now, because of north sea oil and gas extraction, the uk has lots of empty underground spaces we can use to store carbon. and lots of people with expertise who could work in these industries. many see opportunities. but net zero is about balance. myself and other university colleagues have formulated what we ....

Liquefied Natural Gas , Oil And Gas , Coalition Government , Carbon Capture And Storage , Extract Carbon , 20 Billion , 0 Billion , Fossil Carbon , North Sea , Carbon Dioxide , Net Zero , University Colleagues ,

BBCNEWS World Business Report June 4, 2024 10:31:00

Change. clearly it is a popular policy by the public and heading up to the next election it would be a strange decision for the government to row back on anything with public support. can the government have it both ways, say yes to granting licences for oil and gasp projects but at the same time it commitments to net zero? new licences for the north sea is not a change in government policy, we were expecting to see more. the oil and industry s estimates show production will continue to decline in the north sea no matter what the government policy is it simply because there is not as much gas and oil as 50 years ago when we started extracting. what is left in the north sea is mostly oil. this is mostly exported, so there is little benefit to our bills from more extraction and in a cost of living crisis bills are a strong priority for the public. it is a strange ....

Hong Kong Government , Public Support , The Public , Government Policy , North Sea , Crisis Bills ,

BBCNEWS The Context June 4, 2024 20:08:00

That s 52 degree celsisus, there s a one in five chance of a recurrence. here s dr friederike otto from the grantham institute for climate change. we have seen and known for years that heatwaves are getting hotter and more intense, and longer, because of human induced climate change. so if we don t stop burning fossil fuels very, very soon, then these kind of heatwaves will become even more frequent. so we re likely to see a heatwave like this every other year, in a 2 degree world. if it is a war or at least an ever increasing battle and we will need to adapt. in some parts of the world that process has already begun. in the western united states the colorado river is the lifeblood for about a0 million people stretching 1a00 about a0 million people stretching ia00 miles from the rocky mountains in the north to the sonoran desert in the north to the sonoran desert in mexico. the enormous extraction of water mainly for farming coupled ....

Grantham Institute For Climate Change , Friederike Otto , Climate Change , Fossil Fuels , Colorado River , Western United States , In Mexico , Sonoran Desert , Rocky Mountains ,