10m British pensions at BlackRock ‘helped’ Putin’s invasion of Ukraine via £1bn in oil energy dividends April 5, 2022 Fund manager BlackRock – which oversees 10 million British pensions – has helped Putin build his war chest by investing heavily in Russia’s biggest companies, the Bureau of Investigative Journalism told City PM this morning. While those investments have strengthened Putin, they have also generated a fortune for BlackRock’s clients, the group said. Since 2014, [...]
MPs question why promised security review into sale of UK semiconductor giant to Chinese company is not happening April 5, 2022 The takeover of a hi-tech British company to a Chinese-owned firm has allegedly “not begun”, MPs have said as they question why it is taking the government so long. Prime Minister Boris Johnson last year asked national security adviser Sir Stephen Lovegrove to examine the purchase of Newport Wafer Fab by Nexperia for a reported [...]
Germany resists EU ban on Russian gas as it continues to be Putin’s customer: ‘We would inflict damage on ourselves’ April 5, 2022 Germany has rejected calls for an EU embargo on Russian gas imports, despite mounting civilian deaths in Ukraine.
Solar power pipeline exceeds onshore wind April 4, 2022 The number of solar power development plans has massively outstripped proposed onshore wind sites over the past two years.
ExxonMobil suspends Russian LNG project April 4, 2022 ExxonMobil (Exxon) has suspended its Far East liquefied natural gas project (LNG) in Russia - putting the development into doubt.
Britain must build a green economy to ‘eliminate Russian fuel from our energy mix once and for all’ April 4, 2022 Britain must build its green economy to “eliminate Russian fuel from our energy mix once and for all”, the International Trade Secretary is to argue today. Speaking during a visit to Norway, Anne-Marie Trevelyan will say the UK must first use its relationships with “reliable energy partners” to “meet our needs, protect our supply chains, [...]
Household energy bills could rise £600 this winter April 3, 2022 Household energy bills could rise over £600 this winter, warns energy specialists Cornwall Insight as the cost of living crisis worsens.
Downing Street weighs up nationalisation of Gazprom’s UK retail arm April 3, 2022 The government is preparing to nationalise Gazprom's UK supply arm amid a stand-off between the firm and a Wall Street giant,
Energy rationing is ‘not the route we want to go down’ says Transport Secretary Grant Shapps April 3, 2022 Grant Shapps has ruled out energy rationing in the UK, despite increased pressure on global supplies following Russia's invasion of Ukraine.
RTE urges French households to cut consumption tomorrow as cold snap bites April 3, 2022 French power grid operator RTE has requested companies, local authorities and households to reduce their energy consumption.
