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Energy

  • Eni’s net profit beats expectations powered by strong gas business

    April 28, 2023

    Italian energy group Eni has revealed its first-quarter net profit fell 11 per cent year on year due to lower oil and gas prices.

  • UK on course to miss decarbonisation goals, MPs warn

    April 28, 2023

    The UK will fail to reach its decarbonisation goals via the grid by 2035 - unless it significantly speeds up deployment of technology.

  • MPs urge government to protect North Sea wind farms from Russian sabotage

    April 28, 2023

    The government must protect renewable energy assets in the North Sea such as wind turbines from Russian sabotage, MPs have warned.

  • BP staves off activist rebellion as embattled chairman keeps his seat

    April 27, 2023

    BP has convinced shareholders to back its climate agenda, fighting off pressure from activist investors at its AGM today.

  • OPEC chief warns IEA not to undermine oil investment as war of words escalates

    April 27, 2023

    OPEC's war of words with the International Energy Agency entered another heated chapter today amid concerns over oil demand.

  • Gold miner Newmont’s quarterly profit beats estimates on higher prices

    April 27, 2023

    Newmont beat Wall Street expectations for first-quarter profit on Thursday, benefitting from higher prices of the yellow metal.

  • Total sells Canadian oil sands operation to Suncor Energy in £3.3bn deal

    April 27, 2023

    Energy major Total Energies has accepted an offer to sell its carbon-heavy Canadian oil sands operations to Suncor Energy for £3.3bn.

  • Fund crackdown or farmers will continue to pollute UK rivers, think tank warns government

    April 27, 2023

    The government needs to provide regulators with the funds to stamp out farms polluting British rivers with slurry leaks.

  • Glencore to pay Norsk Hydro £562m for Brazilian assets

    April 27, 2023

    Norwegian aluminium producer Norsk Hydro will sell multiple mineral assets Swiss miner and commodity trader Glencore.

  • Take off: EU agrees binding green fuel targets for aviation

    April 26, 2023

    The EU has agreed a deal to set binding targets for airlines in Europe to increase their use of sustainable aviation fuels.

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