Tuesday August 11, 2020

The week in Business

Your guide to the most notable business news of the past seven days

29th September, 2019
4
Passengers walk past the closed Thomas Cook check-in desks at London Gatwick Airport. The company closed last week putting 22,000 jobs under threat Pic: Getty

The government plans to phase out oil and gas exploration in Irish waters, Leo Varadkar told the United Nations climate action summit in New York. The Taoiseach said the move followed advice from the Climate Change Advisory Council that fossil fuel exploration should end, “as it is incompatible with a low-carbon future”. Existing licences remain valid. Varadkar also said that revenue from a higher carbon tax would be spent on climate action rather than on...

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