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Climate activists protesting the Cambo project during the COP26 summit in Glasgow, Scotland, in Nov. 2021. Photo: Jane Barlow/PA Images via Getty Images

Siccar Point Energy said it's hitting pause on plans for an offshore oil project in the U.K., a move that comes after 30% partner Shell pulled out of the effort.

Why it matters: The Cambo project has faced activist opposition and saw intense scrutiny when the U.K. hosted the COP26 climate conference last month in Glasgow, Scotland.

  • The New York Times reported recently that it has "become a crucial test case for the British government, environmental groups and the oil industry."

What they're saying: "Following Shell’s announcement last week, we are in a position where the Cambo project cannot progress on the originally planned timescale. We are pausing the development while we evaluate next steps," Jonathan Roger CEO of private equity-backed Siccar, said in a statement.

  • But he said they continue to believe it's a "robust project that can play an important part of the UK’s energy security."

Go deeper: A new warning on oil investment

Go deeper

Jan 12, 2022 - Axios Denver

Great Hall Project at DIA will shape new leader's legacy

Phil Washington, who has served as chief executive of Denver International Airport since July 2021. Photo: Hyoung Chang/The Denver Post via Getty Images

Just six months into the job, Denver International Airport's brand new CEO may have his legacy on the line.

Driving the news: The Denver City Council this week approved Phil Washington's vision to spend another $1.1 billion to complete the Great Hall project at DIA, doubling its overall cost to $2.3 billion and pushing construction completion from 2024 to 2028.

Federal judge blocks Biden's vaccine mandate for federal workers

President Biden speaking from Eisenhower Executive Office Building on Jan. 21. Photo: Yuri Gripas/Abaca/Bloomberg via Getty Images

A federal judge in Texas blocked the Biden administration from enforcing its coronavirus vaccine mandate for federal workers on Friday, citing the outcome of last week's Supreme Court ruling that nullified the administration's vaccine-or-test requirement for large employers.

Why it matters: It's a blow to President Biden's efforts to increase the U.S.' vaccination rates, though much of the federal workforce has already been vaccinated against the virus.

Updated 4 hours ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: Pfizer and Moderna boosters overwhelmingly prevent Omicron hospitalizations, CDC finds — Omicron pushes COVID deaths toward 2,000 per day — The pandemic-proof health care giant.
  2. Vaccines: The case for Operation Warp Speed 2.0 — Starbucks drops worker vaccine or test requirement after SCOTUS ruling — Kids' COVID vaccination rates are particularly low in rural America.
  3. Politics: Biden concedes U.S. should have done more testing — Arizona says it "will not be intimidated" by Biden on anti-mask school policies.
  4. World: American Airlines flight to London forced to turn around over mask dispute — WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older — Austria approves COVID vaccine mandate for adults.
  5. Variant tracker