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Out north sea energy. Its also providing up to £20 billion for Carbon Capture projects, including the first in scotland, . Which the government says will . Create 20,000 newjobs. 2050, when we are at net zero, it is forecast that around a quarter of our energy needs will still come from oil and gas. Thats why technologies like Carbon Capture and storage are important. But what is important then as we get that oil and gas in the best possible way and that means getting it from here at home. The British Government insists todays announcements are entirely consistent with its commitment to reach net zero by 2050 which is set down in law. But the Prime Minister . Stands accused . Of watering down the governments . Targets. Miles behind in the polls he clearly sees ....
stories and we started in the us. congressional leaders are due to meet with president biden for emergency talks on how to deal with the debt ceiling. reports are coming in the treasury secretary janet yellen has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington get here? samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis, itjust happens to hinge on a must pass piece of legislation to save the country from economic catastrophe, so what is happening here? major consequences for the economy. the us could default on the economy. the us could default on the dead in a metabolic. weeks on the dead in a metabolic. weeks to on the dead in a metabolic. weeks to go before the federal government weeks to go before the federal government is weeks to go before the federal government is unable - weeks to go before t ....
today, the business headlines will be dominated again by the huge profits made by one of the world s top oil companies. this time it s the turn of bp its latest results are out in an hour and a half and it is expected to reveal it s made substantial sums in the last quarter. last week, shell announced it made record annual profits of nearly $40 billion in 2022, double the previous year s total and the highest in its 115 year history. energy firms have seen record earnings since oil and gas prices jumped following the invasion of ukraine. dr carole nakhle is chief executive of crystal energy, a consultancy that provides advice, research and training to the energy sector. thank you for being on the programme. if we look at the numbers to begin with will bp be record numbersjust like be record numbers just like shell? be record numbersjust like shell? i be record numbers “ust like shell? ., ~ , shell? i don t think bp will be an outlier shell? i don t think bp wil ....
flu is now infecting mammals in the uk. manchester united are into the league cup final. newcastle stand between them and a first trophy for six years. hello and welcome to the bbc news channel. the energy giant shell has reported record annual profits of £32 billion in 2022, more than double what it made this in the previous year. the profits are the biggest in the firm s history boosted by higher energy prices since the start of the ukraine war. shell has already said it will pay tax in the uk for the first time since 2017 as a result of the government s windfall tax. i m joined by our business editor simonjack. morning, simon. of these massive profits in context. the morning, simon. of these massive profits in context. profits in context. the highest in the shell s profits in context. the highest in the shell s 115 profits in context. the highest in the shell s115 year history, - profits in context. the highest in i the shell s115 year history, double what ....