‘Dark clouds on the horizon’ warns Maersk, as it cuts shipping forecasts November 2, 2022 Maersk has warned of "dark clouds on horizon" as it cuts its forecasts for business activity until the end of year, amid recession fears.
Ithaca Energy closes in on £3bn valuation as London float looms November 2, 2022 Ithaca Energy is closing in on a value above £3bn in what could be London's largest initial public offering this year.
Sunak’s Cop-27 attendance is a facile row that sums up too much of our politics November 2, 2022 Little could more perfectly sum up the facile nature of our energy and climate debate – and indeed often our politics – than the confected row about whether or not Rishi Sunak attends Cop-27 in Egypt this month. Does anyone, honestly, believe that the Prime Minister’s attendance is going to make one iota of difference [...]
Global companies with net zero goals on course to miss climate ambitions November 2, 2022 Nearly all global companies with net zero ambitions will fall short of their environmental goals, warned Accenture.
BP’s profit bonanza reignites calls for tougher windfall tax November 1, 2022 BP has unveiled another bumper round of monster profits powered by soaring gas prices, reigniting calls for a windfall tax.
UK must overhaul planning to meet renewable goals, warns National Grid November 1, 2022 The UK will have to ramp up planning reform to meet its green energy goals, confirms National Grid boss John Pettigrew.
Saudi Aramco unveils £36.8bn profits powered by soaring gas prices November 1, 2022 Saudi Aramco reported its second-highest earnings as a listed company, driven by this year’s surge in oil and gas prices.
Industry pressures Government to back onshore wind planning reforms November 1, 2022 Industry groups and think tanks have urged new Prime Minister Rishi Sunak to uphold planning reforms to boost onshore wind developments.
BP joins profits bonanza with £7.1bn earnings despite £2bn overall losses November 1, 2022 BP revealed losses of £1.9bn for the third quarter of trading this year, but massive underlying profits of £7.1bn for the three month window.
Government weighs up proposals to expand windfall taxes November 1, 2022 Windfall taxes on energy firms could be raised and extended as much as three years. as Downing Street scrambles to raise funds.