Here are the top business stories making the headlines in the morning newspapers.
New oil and gas licensing 'not compatible' with UK's climate commitments
A new report says that new oil and gas licensing is not compatible with the UK's climate commitments and targets set out by the Paris Agreement, according to Energy Voice.
The study, commissioned by environmental campaign group Uplift and authored by research fellow Daniel Welsby and a team at University College London, says that approving new North Sea fields would push the UK past its commitments to align with a 1.5C warming limit.
It recommends a moratorium be placed on all new oil and gas fields, and calls on the Government to focus efforts on supporting the transition to a low-carbon economy, both domestically and internationally.
Massive cost of clogged-up global supply chains
Clogged-up global supply chains have cost the UK and many eurozone countries a whole year of economic growth, the International Monetary Fund has warned.
The organisation's boss also said bottlenecks and delivery delays could drag on into 2023, holding back recoveries across the world.
It estimates that GDP in the UK and eurozone would be 2% higher if supply chains and manufacturers had not been thrown into disarray by CV19 lockdowns and rocketing demand for goods.
The Telegraph says the IMF has calculated the blow is "equivalent to about one year's worth of growth in normal pre-pandemic times for many European economies" with Germany the hardest hit out of the major countries.
Bypass boosts rural housing market
The housing market in rural Aberdeenshire has experienced a boost thanks to the AWPR, a new report has claimed.
Commissioned by estate agency Savills, the study found that growth in Scottish residential land values has overtaken the rest of the UK.
The Press and Journal says the market has been described as "exceptionally buoyant", with demand for land being cited as the reason behind increasing property value.
The study states that due to the AWPR, rural Aberdeenshire is more accessible than ever.
MPs asked to back offshore training scheme
Environmental campaigners and trade unions have called for MPs to back the creation of an offshore training scheme to help workers move between the oil and gas and renewables sectors more easily.
Energy Voice says the groups are seeking to address warnings raised by oil workers who say they have had to pay to repeat similar training courses to get jobs in offshore wind, which stands as a major barrier to accelerating a "just transition" for the workforce.
The move has been backed by the oil and gas workforce, including RMT and Unite Scotland, and MSPs from all parties expressed support for the scheme when it was debated in the Scottish Parliament in October 2021.The Skills and Post-16 Education Bill is currently making its way through the UK Parliament, with the final vote to take place on Monday, February 21.MP Caroline Lucas has tabled three amendments which would require the UK Government to publish a strategy for the creation of an offshore training scheme within a year, and is urging other parties to back the vote.
No slowing in 'Great Resignation'
Half of Britain's workers are considering changing jobs as the so-called "Great Resignation" triggered by CV19 shows little sign of letting up.
The Telegraph says younger employees are the most likely to have itchy feet, according to polling company Ipsos. Over half of 16 to 34-year-olds have considered quitting their jobs or actively looked for a new role in the last three months.
Record numbers of job moves have been dubbed the Great Resignation. Employment experts say many people delayed job changes owing to uncertainty during the early stages of the pandemic, and the pent-up numbers were released as the economy returned to normal.
Additionally, some workers are believed to have re-evaluated their career choices while on furlough, and working from home has given people the opportunity to move to different areas and potentially take on new jobs.