BEIS Select Committee raises alarm bells over UK’s ‘dire’ climate progress report June 29, 2022 BEIS has raised alarm bells over a key report on Government’s progress to net zero, deeming it "dire", and "catastrophic for the country/
Wonks divided over plans to exclude fossil fuel plants from emissions checks June 28, 2022 Analysts are split over the Government's reported decision to halt emissions checks on fossil fuel plants ahead of winter.
Windfall tax is a ‘fiscal shock’ to the oil and gas sector, warns industry body in letter to Chancellor June 28, 2022 One of the UK's leading energy bodies has sent a letter to the Chancellor Rishi Sunak, warning the new windfall tax will harm the country's investment climate.
Kwarteng backs steel tariffs and labels the crisis-hit sector as a ‘strategic’ industry June 28, 2022 Steel is an important "strategic industry" argued Business Secretary Kwasi Kwarteng, defending the governm
Kwarteng plays down prospect of blackouts this winter amid supply crunch fears June 28, 2022 Business Secretary Kwasi Kwarteng has played down the prospect of a winter blackout, dismissing the scenario as an "extreme possibility."
Fossil fuels spared emissions checks as UK scrambles for supplies ahead of winter June 28, 2022 Fossil fuel plants could be excluded from emissions checks, as the Government races to secure energy supplies ahead of winter.
Petrofac pushes for post-pandemic rebound as Covid-19 bites into profits June 28, 2022 Energy giant Petrofac is targeting a strong order intake in the second half of the year, as it grapples with lingering impact of the pandemic.
Extending windfall tax to renewables will jeopardise investment warns RWE boss June 28, 2022 RWE boss has warned energy firms will reconsider investment plans in the North Sea if the UK expands its windfall tax to electricity generators.
Brits paid to use less energy to avoid winter blackouts June 27, 2022 Brits could be paid to use less electricity at peak times this winter, under plans from the National Grid to reduce the risk of blackouts this winter.
G7 pledges to cap Russian oil as West ramps up sanctions on Kremlin June 27, 2022 The Group of Seven is preparing to cap Russian oil as part of a fresh package of sanctions in response to Russia's invasion of Ukraine.