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Energy

  • High power prices boost Engie earnings in first quarter

    May 11, 2023

    French energy company Engie on Thursday reported a rise in first-quarter earnings, buoyed by high European power prices.

  • BNP Paribas stops financing new oil and gas fields in green clampdown

    May 11, 2023

    BNP Paribas has announced it will no longer provide any financing dedicated to new oil and gas fields as it shifts to a net zero world.

  • UK needs a strategy to develop home-grown battery industry before it’s too late, tech boss warns

    May 11, 2023

    The UK government must continue to support the creation of a British battery industry, a senior tech boss has warned.

  • Households could be offered competitive deals again as price cap eases

    May 10, 2023

    Households could benefit from the prospect of fixed tariffs below the price cap, predicts energy specialist Cornwall Insight.

  • Sunak backs North Sea oil and gas sector in grilling over Rosebank field

    May 10, 2023

    Prime Minister Rishi Sunak has backed continuing North Sea oil and gas production, arguing that the UK still needs fossil fuels.

  • Wind power makes more electricity than gas for first time ever in a quarter

    May 10, 2023

    The UK’s growing fleet of wind turbines generated more electricity than gas-fired power stations in the first three months of this year.

  • Harbour Energy blames windfall tax for scrubbing out profits as it confirms heavy jobs cuts

    May 10, 2023

    Harbour Energy confirmed it expects to cut hundreds of jobs in the UK ahead of today's AGM, following the effects of the windfall tax.

  • Enough windfall taxes: We need oil and gas to go green

    May 10, 2023

    The UK will need oil and gas for decades to come - despite renewables' progress- making calls for toughened windfall tax dubious.

  • UK risks dropping green energy lead by failing to respond to Biden’s $400bn package, Johnson Matthey chief warns

    May 10, 2023

    The head of one of Britain’s largest manufacturers has warned Prime Minister Rishi Sunak that he risks squandering the country’s lead in clean energy production by failing to respond to US President Joe Biden’s $400bn (£317bn) green stimulus package. Liam Condon, chief executive of Johnson Matthey, told Sky News it has intellectual property which could [...]

  • Thames Water boss to forgo bonuses as dividend scrutiny on suppliers intensifies

    May 9, 2023

    The boss of Thames Water will forgo performance related pay this year, with the supplier's turnaround plans still behind schedule.

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