First floating offshore wind farm approved off Welsh coast March 13, 2023 Consent for a floating offshore wind farm has been granted off the Pembrokeshire coast, the Welsh government has announced.
Gold price rallies after Silicon Valley Bank collapse draws investors to precious metal March 13, 2023 Gold prices have risen following the collapse of Silicon Valley Bank - strengthening investor sentiment towards the precious metal.
Budget: 350,000 small firms at risk of ‘shrinking, restructure or closure’ unless energy bill help extended – FSB March 13, 2023 Companies on fixed-term energy contracts are at risk of being exposed to ultra-high prices, warned a leading industry group.
Sunak to challenge Biden over US green subsidy package at upcoming talks March 13, 2023 The UK and US will “work through” concerns about green subsidies, Rishi Sunak revealed ahead of talks with President Joe Biden.
It’s time to move away from burning wood pellets for our energy needs March 13, 2023 The government should ditch the vast subsidies for biomass if it is serious about green energy, argues Nicholas Earl.
Lithium discovery could revive Cornwall’s industrial past as new green energy hub March 13, 2023 A leading geothermal specialist has discovered lithium at its development projects in Cornwall, which could make the county a new green hub.
Saudi Aramco unveils record profits of £133.9bn after oil price surge March 12, 2023 Saudi Arabian oil giant Aramco reported a record annual profit of £133.7bn ($161.1bn) for 2022 - powered by higher energy prices.
Hunt pledges £20bn for carbon capture and nuclear ramp-up in clean energy push March 11, 2023 The government will commit billions of pounds to new energy projects at next week’s budget, in a bid to compete with rival markets.
BP boss Looney’s pay doubles to £10m – 170 times more than his average employee March 10, 2023 The boss of BP earned more than 170 times more than his average employee last year as his pay doubled to around £10 million after the company benefited from the Russian full-scale invasion of Ukraine. New figures from the oil giant showed that Bernard Looney’s total pay packet increased from around £4.5 million in 2021. [...]
EU nations agree deal to reduce energy consumption by almost 12 per cent March 10, 2023 European Union member countries and negotiators from the EU Parliament have agreed on a provisional deal aimed at reducing energy consumption across the 27-nation bloc. Under the agreement, EU countries must achieve the goal collectively to ensure a reduction of consumption of at least 11.7 per cent compared with the forecasts for 2030 made three [...]