Shapps pledges to ‘max out’ North Sea’s oil and gas reserves July 23, 2023 The government will “max out” the UK’s remaining reserves of North Sea oil and gas, declared energy security secretary Grant Shapps.
UK rejects AMTE Power’s urgent plea for funds as it works to avoid administration July 23, 2023 AMTE Power faces an increasingly uncertain future, with its urgent pleas for financial support from the government have fallen on deaf ears.
Outfox the Market fined £1.8m as Ofgem scrutinises suppliers’ finances July 23, 2023 Outfox The Market will pay a hefty £1.8m for failing to provide financial data to Ofgem, which is scrutinising the economic stability of suppliers.
British Gas poised for record profits after Ofgem’s hike in price cap allowances July 23, 2023 British Gas is expected to post record profits next week, powered by Ofgem's decision to temporarily hike allowances for suppliers.
G20 fails to reach deal for slashing fossil fuels and ramping up renewables July 23, 2023 The G20 failed on Saturday to reach consensus on phasing down fossil fuels, following objections by some producer nations.
Coca-Cola, McDonald’s and PepsiCo named as worst packaging polluters in UK July 21, 2023 Coca-Cola, McDonald’s and PepsiCo are the worst packaging polluters in the UK, an annual waste audit has found. Campaign group Surfers Against Sewage, which released its annual audit on Friday, looked at more than 30,700 individual polluting items collected by more than 4,000 citizen scientists along coastlines, canal paths, bridleways and city streets over a [...]
Ovo: Shareholders for UK’s fourth biggest energy firm invest further £200m as profits slump July 21, 2023 Ovo shareholders have poured an extra £200m into the owner of the UK’s fourth-largest energy supplier.
Glencore: Copper, zinc, lead and nickel output slides but trading profits to top £3bn July 21, 2023 Glencore saw its output in copper, zinc, lead and nickel dip this morning as it struggled with a downturn in production but said it expects to exceed its long-term annual guidance – with trading profits reaching as high $4 (£3.1bn). The commodity giant said the half-year results were in line with expectations, with its full [...]
Former PM Liz Truss supports second backbench revolt over onshore wind July 20, 2023 The government is bracing for a fresh attempt from Conservative backbenchers, including former Prime Minister Liz Truss.
Wind farm with potential to power 1.5m UK homes halted as industry urges government to bolster supply chains July 20, 2023 Plans to build a new UK offshore wind farm that could have powered up to 1.5m homes have been halted today amid concerns over rising costs.