Business energy support set to be halved to reduce taxpayer bill December 30, 2022 Support for businesses to help them cope with swelling energy bills will halve in the spring to avoid taxpayers holding the bag if oil and gas prices surge again, according to The Times. Chancellor Jeremy Hunt next month will announce a 12-month extension to a scheme that caps energy costs for businesses, similar to a [...]
Ukraine: Number 10 urges City firms to drop all ties to Kremlin-linked companies February 28, 2022 Number 10 has urged City firms to drop any associations with Kremlin-linked companies like Gazprom and Rosneft as the west ratchets up its economic sanctions against Russia. Boris Johnson’s official spokesman today told journalists that “no one should be supporting in any way or propping up in any way the efforts by Putin’s regime to [...]
Russian aircraft in US scramble to fly out as airspace closes this evening March 2, 2022 Russian aircraft are left with only a few hours to leave the US, as the White House followed in the UK and Europe’s footsteps and decided to close its airspace to Moscow from tonight. “The United States stands with our allies and partners across the world in responding to Putin’s unprovoked aggression against the people [...]
Exclusive: Ukraine faces supply shock this winter without more support June 27, 2022 Ukraine needs urgent financial support from its Western allies to prevent people freezing to death this winter, warned state supplier Naftogaz.
U-Turn: former LSE chief resigns from Russian firm amid backlash March 10, 2022 Xavier Rolet has bowed to pressure and resigned as chairman of PhosAgro, a company facing sanctions over its ties to the Russian government.
Nord Stream explosion signals challenging winter for Europe September 28, 2022 Experts warned the Nord Stream crisis could beckon future unpredictability across Europe, warned experts.
Downing Street calls on public sector bodies to review contracts with Russian energy suppliers March 28, 2022 The government has instructed public sector bodies to review energy deals and other contracts they have with Russian firms.
EU brings in windfall tax but bloc divided over gas price caps October 1, 2022 The EU has confirmed it will impose a windfall tax on energy firms' profits, as the bloc grapples with a cost of living crisis crunch this winter.
ExxonMobil exits Russia amid energy firm exodus March 2, 2022 Exxon Mobil (Exxon) has followed in BP and Shell's footsteps, and has announced it will exit its Russian assets valued at more than $4bn.
China and India fuel record high coal prices despite falling US and EU usage June 26, 2023 Coal prices climbed to record levels last year driven by rising demand across Asia, according to a new report on global energy trends.