Britain’s standing as a global climate leader faces a critical test as senior figures in international diplomacy have warned that any move to open new oil and gas fields in the North Sea would deal a severe blow to worldwide efforts to cut greenhouse gas emissions.

The government is facing mounting pressure from the oil industry, the Conservative opposition, Reform UK, certain trade unions and factions within the Treasury to grant new drilling licences. This comes despite research showing that the two largest remaining fields, Rosebank and Jackdaw, would displace just 1% and 2% respectively of the UK’s gas imports, offering negligible benefit to either prices or energy security.

The North Sea basin is now more than 90% depleted, and extracting its remaining pockets of hydrocarbons is becoming progressively more costly and energy-intensive. Yet the political appetite for new licensing persists, placing Ed Miliband, the energy security and net zero secretary, in an increasingly uncomfortable position.

Nicolas Stern, professor at the London School of Economics, cautioned that fresh drilling would be damaging on multiple fronts, bad for growth, bad for energy security and a harmful signal to the international community. Lord Stern pointed to Britain’s track record as the first G7 nation to commit to net zero by 2050 and its influential climate legislation, arguing that the world pays close attention when the UK changes course.

The backlash from the developing world has been particularly fierce. A senior African negotiator, speaking anonymously, said the continent would reject any UK expansion of oil drilling, describing it as fundamentally at odds with the Paris agreement. Mohamed Adow, director of the Nairobi-based Power Shift Africa thinktank, warned that approval of new projects would signal that short-term interests were being placed above long-term responsibility, setting a precedent that could prove impossible to contain.

The timing is especially sensitive. Britain has been one of the principal supporters of a global conference on fossil fuel transition taking place in Colombia later this month. However, Miliband will not attend, with climate envoy Rachel Kyte going in his place, a decision likely to disappoint campaigners who credited the energy secretary with brokering a last-minute deal at the Cop30 summit in Brazil last November.

Christiana Figueres, former executive secretary of the UN framework convention on climate change, acknowledged the geopolitical pressures driving the energy security debate but argued that expanding drilling risked locking in infrastructure that was increasingly out of step with the direction of the global energy system. True energy independence, she suggested, lay in scaling up clean domestic energy rather than prolonging the life of declining industries.

The strategic concern for Britain’s business community is clear. Many developing nations are weighing whether to exploit their own fossil fuel reserves rather than invest in renewables. If they choose the former path, the world would far exceed the carbon limits scientists say are necessary to avert the worst consequences of climate breakdown. A senior development official put the matter bluntly: developing countries are already asking why they should forgo their own resources if the UK will not do the same.

An ally of Miliband defended the government’s position, describing the decision to halt new exploration licences as a landmark stance for a major oil and gas producing nation. A government spokesperson confirmed that clean energy and climate action remained at the heart of the agenda, including what it called a world-leading commitment to stop issuing licences for new fields.

Whether that commitment holds in the face of political and industrial pressure will be one of the defining questions of Britain’s energy policy in the months ahead.

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

Elon Musk’s SpaceX holds a commanding lead in the intensifying rivalry with Jeff Bezos’ Blue Origin, launching more rockets, deploying thousands of satellites and securing key NASA contracts, even as both billionaires pivot aggressively toward lunar ambitions in 2026 amid a broader U.S. push to beat China back to the Moon.

As of April 2026, SpaceX has flown hundreds of missions with its reusable Falcon 9 rockets, maintains a Starlink constellation exceeding 10,000 satellites and continues rapid testing of its massive Starship vehicle. Blue Origin, while making strides with its New Glenn rocket — including successful booster landings in late 2025 — remains years behind in flight rate and orbital infrastructure.

The contest, once focused on low-Earth orbit and reusable rocketry, has shifted to the Moon. Musk has redirected SpaceX resources toward “Moonbase Alpha,” including plans for a lunar launch device, while Bezos has refocused Blue Origin on its Blue Moon lander for NASA’s Artemis program.

“This rivalry is accelerating America’s return to the Moon,” said a NASA official involved in Artemis planning. “Competition between these two is healthy, even if one is clearly ahead right now.”

SpaceX’s Dominance in Launch and Satellites

SpaceX’s operational edge is undeniable. The company generated roughly $8 billion in profit in 2025 and has received more than $24 billion in U.S. government funding over time. Its Falcon 9 rocket achieved the first orbital-class booster landing a decade before Blue Origin’s New Glenn accomplished similar feats.

In 2026, SpaceX prepares to fly an upgraded Starship version 3 with enhanced payload capacity — up to 200 tons to low-Earth orbit in reusable mode. The vehicle’s full reusability and potential for orbital refueling remain critical for lunar missions, though testing has included fiery setbacks that Musk embraces as part of rapid iteration.

Starlink continues to expand, providing broadband to remote areas and generating significant revenue. Musk has dismissed Blue Origin’s new TeraWave satellite constellation — a planned 5,408-satellite network promising up to 6 terabits per second — by stating that SpaceX’s laser links will surpass those speeds.

Blue Origin announced TeraWave in January 2026 as a direct challenge, alongside Amazon’s Project Kuiper (now Leo) efforts. Yet analysts say SpaceX’s head start and scale make catching up difficult in the near term.

Blue Origin’s Methodical Approach Gains Traction

Bezos has poured more than $10 billion of his personal fortune into Blue Origin since its founding, calling it his most important work. The company’s New Glenn rocket, powered by BE-4 engines, achieved its first orbital flight and booster recovery in 2025. Plans call for 12 or more launches in 2026, with potential for up to 24.

New Glenn’s upgrades, including variants with greater thrust, position it as a heavy-lift competitor, though its payload capacity remains smaller than Starship’s. Blue Origin has shifted resources toward the Blue Moon lander, aiming for uncrewed lunar missions soon and crewed capabilities later.

In NASA’s Artemis program, SpaceX holds the primary human landing system contract worth billions for Starship-derived landers. Blue Origin secured a $3.4 billion award for a competing lander starting with later missions, such as Artemis V. NASA has adjusted timelines, adding test flights and reopening elements of competition due to Starship delays, giving Blue Origin a clearer path on some fronts.

Internal Blue Origin documents suggest a strategy to avoid Starship’s complex orbital refueling by pursuing a more straightforward architecture, prompting public jabs between the founders, including Bezos sharing turtle memes implying slow-and-steady wins.

Lunar Focus Intensifies Rivalry

Both companies now eye sustained lunar presence ahead of China’s targeted 2030 crewed landing. Musk envisions a self-growing lunar city with satellite-slinging capabilities. Bezos has long advocated industrial activity on the Moon, including potential factories.

NASA’s Artemis program relies on both: SpaceX for initial human landing systems and Blue Origin for cargo and follow-on landers. Recent changes to Artemis architecture include low-Earth orbit tests of commercial landers, potentially accelerating development for either or both firms.

The competition has spurred investor interest in the broader lunar economy, with startups in rovers, infrastructure and resource utilization reporting increased attention. One lunar company CEO noted 20 investor inquiries in a single week following heightened Musk-Bezos announcements.

Contrasting Styles, Shared Goals

Musk’s “move fast and break things” philosophy has delivered rapid progress — and occasional explosions during Starship tests — but also criticism over safety and regulatory pace. Bezos favors a more deliberate, engineering-heavy approach, which critics say has slowed Blue Origin but may yield more reliable systems long-term.

Both face pressure in 2026. SpaceX must demonstrate reliable Starship refueling and lunar-capable flights. Blue Origin needs to ramp New Glenn operations and prove its lander technology.

The rivalry extends beyond hardware. Musk’s xAI ties and planned SpaceX IPO (potentially valuing the company at over $1 trillion) contrast with Bezos stepping back from Amazon to focus more on Blue Origin. Public exchanges on social media add drama, yet both have expressed respect for the other’s contributions to humanity’s spacefaring future.

NASA leaders have praised private investment from Musk, Bezos and others, noting it advances capabilities benefiting all. “These billionaires are putting resources on the line for the good of humankind,” one official said.

Broader Implications for U.S. Space Leadership

The Musk-Bezos contest occurs against a national push to maintain superiority over China in cislunar space. Delays in government-led systems like the Space Launch System have elevated commercial partners.

Analysts say SpaceX currently “wins” on metrics of launches, revenue and deployed infrastructure. Blue Origin, however, could close gaps if New Glenn achieves high flight rates and its lunar lander matures faster than expected.

No clear victor exists yet in the long-term “space war.” Musk’s Mars ambitions persist in the background, while Bezos emphasizes gradual expansion from the Moon outward. The real beneficiaries may be NASA and the emerging space economy, driven by competition that lowers costs and accelerates innovation.

For now, SpaceX sets the pace while Blue Origin mounts a serious challenge. As both target the Moon in 2026 and beyond, their duel could determine not just who plants more footprints on lunar soil, but the speed and scale of humanity’s multi-planetary future.

From roughly 250,000 miles away aboard NASA’s Orion spacecraft, Artemis II mission pilot Victor Glover offered an impromptu Easter reflection that has resonated far beyond the lunar orbit, marveling at “the beauty of creation” and reminding Earthlings they inhabit a special “spaceship” crafted for human life amid a vast, mostly empty cosmos.

In a CBS interview and additional remarks broadcast as the crew approached the far side of the Moon on April 6, 2026, Glover — a devout Christian and veteran astronaut — spoke without notes about the profound perspective gained from humanity’s first crewed lunar voyage since Apollo.

“When I read the Bible and I look at all of the amazing things that were done for us who were created, you have this amazing place, this spaceship,” Glover said. “You guys are talking to us because we’re in a spaceship really far from Earth, but you’re on a spaceship called Earth that was created to give us a place to live in the universe and the cosmos.”

He continued with quiet conviction: “And I’m trying to tell you, just trust me, you are special. In all of this emptiness, this is a whole bunch of nothing, this thing we call the universe. You have this oasis, this beautiful place that we get to exist together.”

The message, delivered days into the Artemis II mission that launched April 1 from Kennedy Space Center, quickly went viral on social media and Christian outlets, drawing millions of views and heartfelt responses across faith communities.

A Historic Mission and a Personal Faith Perspective

Artemis II, the first crewed flight of NASA’s Artemis program, sent Glover alongside commander Reid Wiseman, mission specialist Christina Koch and Canadian astronaut Jeremy Hansen on a journey that eclipsed the Apollo 13 distance record on April 6. The crew successfully performed critical maneuvers, including a close approach to a discarded rocket stage, and captured striking images of the Moon and distant Earth.

Glover, who previously piloted SpaceX’s Crew-1 mission to the International Space Station in 2020-2021 as part of Expedition 64, became the first Black astronaut to travel beyond low Earth orbit and to the vicinity of the Moon. His public expressions of faith have been consistent throughout his NASA career, including quoting Psalm 30 during his earlier ISS stay.

As the Orion spacecraft named Integrity prepared for a planned communications blackout while passing behind the Moon, Glover offered another layer to his Easter thoughts. He spoke of love as one of Earth’s greatest mysteries, citing Jesus’ commands to love God with all one’s being and to love one’s neighbor as oneself.

“To all of you down there on Earth … we love you from the Moon,” he added before the signal lapse.

The remarks came naturally when interviewers asked for an Easter message. Glover admitted he had nothing prepared but drew directly from the awe of viewing Earth against the blackness of space.

Blending Science, Exploration and Belief

Glover’s reflections highlight a perspective long shared by astronauts: the “overview effect,” a cognitive shift reported by those who see Earth from space as a fragile, borderless oasis. For Glover, that view reinforced rather than challenged his Christian worldview.

He emphasized humanity’s unique place in creation, contrasting the barren vastness of the universe with Earth’s life-sustaining environment. The message echoed biblical themes of stewardship, wonder at God’s handiwork and the value of every person — ideas he has voiced in pre-mission interviews and public appearances.

“I want to use the abilities that God has given me to do my job well and support my crewmates and mission and NASA,” Glover said in earlier comments about balancing faith and professional duties.

His openness has drawn praise from faith leaders and everyday believers who see in his words a bridge between modern space exploration and ancient spiritual truths. Some commentators noted the timeliness of the message during Holy Week, as Christians worldwide commemorated the resurrection.

Critics of mixing faith with NASA missions have been minimal in this case, with most responses focusing on the universal appeal of awe at Earth’s beauty and calls for unity.

Crew Dynamics and Mission Milestones

The four-person international crew has worked seamlessly, conducting systems checks, scientific observations and public outreach during the roughly 10-day mission. Artemis II serves as a critical test flight for Orion ahead of future landings under Artemis III and beyond, aiming to return humans to the lunar surface and eventually establish a sustainable presence.

Glover’s piloting skills were on display early in the flight when he maneuvered Orion to within about 33 feet of a discarded rocket stage in a successful demonstration.

While the crew’s primary focus remains technical and scientific, moments of personal reflection like Glover’s have humanized the mission for millions following along on Earth. NASA has shared select video and audio, amplifying the reach of the astronauts’ perspectives.

Previous astronauts, from Apollo-era figures to ISS crews, have similarly spoken of spiritual or philosophical insights gained from space. Glover’s explicit Christian framing stands out in an agency that maintains strict separation of personal belief from official messaging.

Broader Impact and Public Response

The clip of Glover’s Easter message spread rapidly on platforms including Instagram, YouTube, Facebook and Christian media sites. Hashtags related to Artemis II, faith in space and God’s creation trended among religious communities.

Many viewers described the remarks as timely and uplifting amid global tensions, including the recent U.S.-Iran ceasefire and ongoing economic volatility. Others saw it as a reminder of shared humanity in an increasingly divided world.

Glover has not sought the spotlight for his faith but has been consistent when opportunities arise. Before launch, he asked supporters to pray for the crew and referenced living out the Lord’s Prayer in his daily work.

His message aligns with a long tradition of astronauts expressing wonder at creation. From Apollo 8’s reading of Genesis during lunar orbit in 1968 to more recent ISS crews sharing Earth views, spaceflight has often prompted reflections on origins, purpose and interconnectedness.

Looking Ahead as Artemis II Concludes

As the crew prepares for re-entry and splashdown in the coming days, NASA officials expressed pride in both the technical achievements and the inspirational moments shared by the astronauts.

Artemis II paves the way for increasingly ambitious missions, including crewed landings near the lunar south pole. Glover’s contributions as pilot have been praised for precision and calm under pressure.

For Glover personally, the flight represents the culmination of years of training and a chance to witness sights few humans have seen. His ability to articulate faith alongside professional excellence has resonated deeply.

In one pre-mission interview, he spoke of putting God first in his life and work. From deep space, that perspective translated into a simple yet profound reminder: Earth is a beautiful, specially prepared home — an oasis worth cherishing and sharing in love.

As the Orion spacecraft heads home, Glover’s words continue to echo: in the emptiness of the cosmos, humanity’s shared “spaceship” is a testament to something greater, inviting awe, gratitude and unity.

Delta Air Lines CEO Ed Bastian said the carrier will “meaningfully reduce” its capacity growth plans in the near term as fuel costs soar, solidifying a pullback from airlines that have been roiled by a historic run-up in jet fuel due to the Middle East war.

Shares of the company were up more than 11% in premarket trading, extending gains U.S. carriers saw after oil prices dropped.

Delta on Wednesday forecast adjusted per-share earnings of $1 to $1.50 in the second quarter, compared with the $1.41 a share analysts were expecting, with revenue up in the “low-teens” percentage points compared with a year earlier, above the roughly 10% Wall Street forecast. Capacity will likely be flat on the year, Delta said.

Delta said its fuel bill will be $2 billion higher this quarter because of the spike in costs.

Here’s what Delta reported for the first quarter compared with what Wall Street was expecting, based on consensus estimates from LSEG:

• Earnings per share: 64 cents adjusted vs. 57 cents expected
• Revenue: $14.2 billion adjusted vs. $14 billion expected

Delta is the first of the major U.S. airlines to report first-quarter results, though United Airlines, Delta and others had already been trimming capacity for the current quarter.

Less capacity can mean higher airfare, which is already on the rise. Delta also joined JetBlue Airways and United in raising its checked bag fees on Tuesday. Carriers around the world are even more affected by the rise in fuel costs because of their countries’ reliance on imports and have added fuel surcharges or announced fare increases.

Bastian said that demand remains strong, despite the higher travel costs, and that Delta’s customer base continues to spend on travel, particularly for higher-end products like more spacious seats.

Speaking to reporters, Bastian said it isn’t clear if or when customers will pull back.

Delta owns a refinery where it turns crude oil into jet fuel and other products, like gasoline and diesel, giving it an advantage over other carriers.

“We don’t know where fuel is going to go, but to the extent fuel stays elevated, that refinery will continue to help us,” Bastian told reporters.

Delta expects to post $1 billion in pretax profit in the second quarter and receive a $300 million benefit from its refinery, the carrier said, a major tail wind for the facility near Philadelphia that it acquired in April 2012 from Phillips 66.

The rise in jet fuel prices since the U.S. and Israel attacked Iran on Feb. 28, has been sharper than the run-up in crude oil. Jet fuel prices in major U.S. cities were up nearly 88% since Feb. 27, through April 6, according to the Airlines for America industry group, citing Argus data.

Delta expects all-in fuel costs of $4.30 per gallon in the second quarter.

Bastian said the airline isn’t walking back its full-year forecast but isn’t updating it either because of uncertainty of fuel prices. Delta projected potentially record earnings this year when it released its last earnings in January.

“As we gain more knowledge of the impact of the duration of the fuel spike over the course of the next couple months, we’ll be in a better position,” Bastian said.

Oil futures were sharply lower on Wednesday after President Donald Trump said Tuesday that he agreed to suspend planned attacks on Iranian infrastructure for two weeks, backing off of threats to imminently order the destruction of Iran’s “whole civilization,” and Iran agreed to open the key Strait of Hormuz shipping channel.

Meanwhile, premium travel demand continues to drive results. Delta said premium ticket revenue, from first class and other more expensive options compared with coach, was up 14% in the first quarter over last year. Main cabin revenue increased for the first time since late 2024.

Capacity, however, fell 3% in the first three months of 2026 compared with last year “as continued investment in fleet renewal drove premium seat mix higher.” the company said.

Rival United, the second-most profitable U.S. carrier, has been trying to increase its premium seat footprint, investing in new onboard technology, revamped suites and other perks.

“I think they’re smart trying to copy us,” Bastian said.

Bastian said Delta did see a drop in some business travel during the hourslong Transportation Security Administration lines at airports last month due to the partial government shutdown but that travel segment appears to have recovered.

For the first quarter, Delta posted a net loss of $289 million, or 44 cents per share, compared with net income of $240 million, or 37 cents, a year earlier, as its costs rose in 2026.

Adjusted for one-time items Delta had net income of $423 million, or 64 cents a share, up from $291 million, or 45 cents a share, during the same period last year.

Revenue, adjusted for third-party sales from its refinery and other items, rose more than 9% to $14.2 million in the first quarter.

Correction: This story has been updated to reflect that Delta reported adjusted net income of $423 million. A previous version of this story described it as net income.

AT&T has become the “Office Connectivity Provider of the Fan,” as it partnered with Fanatics, the global sports platform, on an exclusive multi-year partnership on Wednesday. 

Fanatics and AT&T will combine their respective strengths to bring about new value for fans across the United States, tapping into the former’s expansive reach and cultural relevance to deliver special benefits for the latter’s customer base. 

“At Fanatics, everything we do starts with the fan,” Fanatics chief strategy officer Tucker Kain said in a statement. “AT&T shares our belief in the power of connection, bringing fans closer to the teams, athletes, and sports moments they’re passionate about, and to each other. This partnership provides an important avenue to help us deliver exclusive access, meaningful rewards and unforgettable moments to more fans.”

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Fanatics and AT&T have announced a multi-year partnership to continue its impact on the sports fan experience. (Fanatics/AT&T)

The Fanatics ecosystem, which continues to evolve and expand, consists of more than 100 million sports fans, while cultivating relationships with more than 5,000 high-profile athletes and celebrities. In turn, Fanatics has one of the largest relationship hubs in sports. 

Now, leveraging AT&T’s fast and reliable network, as well as their enterprise expertise, Fanatics will enhance the way it delivers immersive, technology-forward experiences for sports fans across the States. 

FEDERAL JUDGE DISMISSES LAWSUIT CLAIMING FANATICS, PRO SPORTS LEAGUES MONOPOLIZED TRADING CARD INDUSTRY

In turn, AT&T will be helping deliver those moments to fans no matter where they are, while also having its customers gain access to exclusive Fanatics experiences, rewards and opportunities.

Some of those elevated loyalty experiences will be enhance status with Fanatics ONE, the company’s enterprise-wide loyalty program that offers a unique selection of rewards, access to experience and events and much more. AT&T customers will also have additional ways to earn FanCash, the currency that is redeemable within the Fanatics ecosystem.

From left, Dana White, Kevin Hart, Michael Rubin, Matt Dennish, Justin Gaethje, and Tom Brady speak onstage during Fanatics Fest NYC 2025 at Javits Center on June 22, 2025, in New York City. (Kevin Mazur/Getty Images)

Another way this partnership will be impacting the fan experience will be at Fanatic Fest NYC in 2026 – the third installment of the top fan festival in the world. AT&T will serve as an official partner at the event held inside the Javits Center in Manhattan, where hundreds of athletes and celebrities, as well as the top pro sports leagues and brands, all converge in one place to give fans moments that will last a lifetime. 

Erin Scarbourgh, senior vice president of revenue management and commercialization at AT&T added: “Today, the primary screen for so many fans is the one in their hands. That’s why bringing AT&T and Fanatics together is a natural fit. Sports have always been about connection, and Fanatics is a powerful partner because they understand the modern sports fan. By pairing their insights with our connectivity expertise, we can bring people close to what they love and deliver meaningful value for both brands.”

Finally, Fanatics and AT&T will be throwing watch parties during premier sporting events, with the idea of bringing together fans who live outside their teams’ home markets for a shared viewing experience across the country. 

A look at the AT&T logo outside a building. (Alex Tai/SOPA Images)

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From retail integration to co-branding offerings, to enterprise collaboration, this multi-year partnership is one that aims to continue Fanatics’ reach and impact on fans, no matter where their sports loyalties may lie.  

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