Why we are shining a light on UK support for fossil fuels
Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Green groups were left bitterly disappointed by the details of the government’s recent North Sea transition deal – an agreement made with the oil and gas industry to facilitate the sector’s move away from drilling for fossil fuels. The UK’s landmark policy on ending overseas direct financial support for fossil fuels, which came into force on 31 March, has also left some academics and campaigners with serious concerns. open image in gallery Extinction Rebellion has targeted the Bank of England in recent demonstrations A recent landmark report from a coalition of NGOs found that the world’s 60 largest banks have provided $3.8 trillion in finance for fossil fuels since the Paris Agreement was made five years ago. With talk of cutting reliance on fossil fuels, it’s also important to highlight potential alternatives – the green initiatives in need of investment, such as solar mega-projects in sub-Saharan Africa or offshore wind in the North Sea; how to avoid mass unemployment when turning away from oil and gas.
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