Andrea Leadsom

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Andrea Leadsom insists climate change commitments will remain post-Brexit

Andrea Leadsom, Tory energy minister and contender to be the next PM promised yesterday to protect the UK’s carbon pledges after the country exits the EU.

The prominent leave campaigner pledged to defend commitments to tackle climate change and to protect the carbon budget, which sets targets to limit the UK’s emissions. The latest budget was passed by the government last week.

“However we choose to leave the EU, let me be clear: we remain committed to dealing with climate change,” Leadsom told an audience of energy experts in London.

Read the full story in the Guardian

Oil price drops as Brexit worries continue

The oil price fell by almost 5% yesterday. The impact of Brexit on the global economy continues to concern investors as the pound fell again to a 30 year low.

Traders are worried that it will only serve to increase the gap between lack of demand and oversupply, reports Reuters.

But the Wall Street Journal said that big oil is emerging from a spending freeze, as major companies – including Exxon, and Chevron – committed on Tuesday to a $38.6 billion deal to expand in a Kazakhstan oilfield

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