‘Not optimistic’: Experts pour cold water on hopes Green Day will boost energy sector March 24, 2023 Energy experts have raised doubts over the UK's ability to compete with rival markets in the upcoming "Green Day" legislation.
Oil prices slide after Fed hikes interest rates for the ninth time in a row March 23, 2023 Oil prices are dipping again this morning, after the Federal Reserve hiked interest rates a further 25 basis points today.
Boss of British Gas owner Centrica handed fivefold pay increase to £4.5m March 22, 2023 The boss of British Gas owner Centrica has been handed a £4.5m pay package, after record profits last year.
Global green transition needs an extra $2.5tn a year to reach net zero by 2050, study says March 22, 2023 Investment in the global green transition needs an rise by an extra $2.5tn a year in order to reach net zero by 2050, a new study has suggested. Capital investment will need to average $3.5tn a year between now and 2050 to reach net zero, according to a new report from international think tank The [...]
Businesses need ‘carrot and stick’ to boost energy efficiency and drive down bills, Npower argues March 22, 2023 Businesses need help to drive down bills and meet the UK's net zero goals, argued the COO of Npower Business Solutions.
Shell will defend ESG targets to shareholders ahead of activist showdown March 22, 2023 Shell will defend its lack of scope three emission targets at its annual ESG update tomorrow, City PM has learned.
Cost of UK energy imports more than doubles as North Sea body urges government to back British oil and gas March 22, 2023 The UK’s energy import bill more than double last year, amid an increasing reliance on overseas supplies, revealed Offshore Energies UK.
Trafigura and Vitol could step up trade in Russian oil, CEOs admit March 22, 2023 Global energy traders Trafigura and Vitol are considering whether to resume more trade in Russia's oil, their CEOs said yesterday.
Rolls-Royce joins forces with Fortum to explore SMR projects March 22, 2023 Rolls-Royce SMR has teamed with Fortum up to explore opportunities to develop small modular nuclear reactors in Scandinavia.
Government allocates £1.8bn funding for energy efficiency boost across UK homes and public buildings March 22, 2023 The government has allocated over £1.8bn to boost energy efficiency and cut emissions across homes and public buildings across England.