
Contested UK Oil Fields Get New Guidance for Environment Permits
Two controversial oil and gas fields in the UK — led by Equinor ASA and Shell Plc — will now have the opportunity to re-apply for environmental permits after the government published a guidance on how it will asses the climate impact of fossil fuel projects.
While the state gave no indication of whether the Rosebank and Jackdaw projects could gain approvals, it said the long-awaited document provides 'greater clarity and stability' for the industry, according to a statement from the the UK's Department for Energy Security and Net Zero.

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- Yahoo
World Bank urges 'radical' debt transparency for developing countries
By Libby George LONDON (Reuters) -The World Bank is urging "radical" debt transparency for developing countries and their lenders to stave off future crises, it said in a report released on Friday. The Bank wants to broaden the depth and detail of what sovereign countries disclose regarding new loans, as more of them enter complex, off-budget borrowing deals due to global market turmoil. "When hidden debt surfaces, financing dries up and terms worsen," World Bank senior managing director Axel van Trotsenburg said in a statement, adding: "Radical debt transparency, which makes timely and reliable information accessible, is fundamental to break the cycle." The Bank wants countries to make legal and regulatory reforms that mandate transparency when signing new loan contracts and to share more granular debt data. It also wants more regular audits, the public release of debt restructuring terms, and for creditors to open their loan and guarantee books. It is calling for better tools for international financial institutions to detect misreporting. The World Bank and other multilateral banks have been pressing for years to improve lending transparency. The proportion of low-income countries reporting some debt data is now above 75%, up from below 60% in 2020. But only 25% of them disclose loan-level information. As financing costs spike due to trade wars and geopolitical risk, more countries are using arrangements such as central bank swaps and collateralized transactions that complicate reporting. Senegal has used private debt placements as it negotiates with the International Monetary Fund over misreporting of its previous debts, and Cameroon and Gabon have also used what are known as "off-screen" deals. Angola recently had to pay a $200-million margin call after a rout in its bond prices. In Nigeria, the central bank disclosed in early 2023 that billions of U.S. dollars of its foreign exchange reserves were tied up in complex financial contracts negotiated by the previous leadership. The Bank said broader loan coverage and deeper loan-by-loan disclosures would enable the international community to fully assess public debt exposure. (Reporting By Libby GeorgeEditing by Rod Nickel) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Entrepreneur
an hour ago
- Entrepreneur
No Perfect Time
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur United Kingdom, an international franchise of Entrepreneur Media. At just 23, Emily Jeffrey-Barrett landed a role as Radley Yeldar's first-ever copywriter, quickly managing campaigns for giants like NIVEA and IKEA. By 25, she was leading a team of 12, pushing through large-scale sustainability projects despite resistance from more senior colleagues. Then came the pandemic - no investors, no backup plan, and zero external funding - and Emily launched Among Equals, a creative agency with a blunt mantra: "No one cares about your brand, and it's on you to change that." Starting a business during Covid-19 wasn't just a practical challenge, Jeffrey-Barrett explains, it was psychological too. "I always assumed I would hit a point where I felt 'ready'. That never came. But there's nothing like a global pandemic to show you there's never a perfect time to start. The world isn't waiting, you just need to go for it." The pandemic also brought unexpected perks. "We didn't need to pay for an office – if working from a spare room was good enough for, say, the CEO of Unilever, it was good enough for me. And people had more free time - they had, quite literally, nowhere to go - so grabbing people for a chat became easier." Jeffrey-Barrett's approach to seizing opportunities was equally fearless. "I was shameless. I asked anybody I possibly could for help, advice, connections - and people really showed up. I was blown away by people's generosity." Persistence, she adds, has been key. "I pitched for something two years ago. Lost. Then kept checking in. Today, they're one of our biggest clients." For her, every interaction counts: "I saw everything - every email, every call, every micro-interaction - as an opportunity. I still have that mindset today. You never know where an introduction will lead." Having spent two years working closely with UK founders before launching her agency, Jeffrey-Barrett understood the ecosystem was small — and ripe with potential. But what surprised her most was "how resilient you need to be. I don't just mean staying positive when you lose a pitch; I mean the sheer amount of energy you need to bring to the table every single day. Yes, you need ideas. And yes, you need a hell of a lot of luck. But really, energy beats everything." Her advice to founders? "Go for it. Seriously. You don't need to wait until you're 'ready' - you'll never be 'ready'. The best time to start your business? Yesterday. So as long as you have the ability to give it a go, do it. Commit. Throw all your energy at it. Try. You'll need some things along the way – people who share your vision and are equally committed to it, the ability to prioritise ruthlessly, the discipline to look after yourself not just your team or business. But there's never a perfect time. So stop waiting, start working." Now a trusted advisor to CMOs across industries, Jeffrey-Barrett's story is a testament to tenacity, boldness, and the power of community - all driving forces behind the fresh, unapologetic voice of Among Equals.
Yahoo
2 hours ago
- Yahoo
UK alt-milk maker Mighty Drinks goes into administration
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