‘Can’t do the maths’: Labour slammed for oil and gas windfall tax extension February 11, 2024 The UK’s offshore energy industry has lambasted Labour and its leader Keir Starmer after the party said it will extend the windfall tax on UK oil and gas producers. The body said if the party follows through with its intention to extend the levy until 2029, up to 42,000 jobs will be lost and £26bn [...]
Investors pressure HSBC over oil and gas funding transparency February 11, 2024 The company has come under fire for not disclosing emissions as part of its capital markets strategy involving oil and gas companies
Big Oil commits to Big Returns for shareholders as profits keep flowing February 10, 2024 In an era when big oil needs to keep investors happy - how far can buybacks go?
London Metal Exchange faces legal action over trading in ‘dirty metals’ February 8, 2024 The London Metal Exchange (LME) is set to defend itself after legal action was filed in the English High Court by eco groups over it “trading in dirty metals”. Global Legal Action Network (GLAN), along with the London Mining Network, are arguing that by enabling the global sale of ‘dirty metals’, LME is breaching UK [...]
Diamonds aren’t forever – Anglo American mulling impairment charge over struggling De Beers February 8, 2024 De Beers couldn't turn a profit through the second half of last year (Photo by Alexander NEMENOV / AFP) (Photo credit should read ALEXANDER NEMENOV/AFP/Getty Images)
Stormy weather hits SSE’s output and delays construction of world’s largest wind farm February 8, 2024 Dogger Bank A could face delays until 2025 though SSE is confident the returns on the project won't be affected.
French oil giant Total looks to keep shareholder promises but warns on 2024 February 7, 2024 The French group's net adjusted income dropped to $5.2bn (£4.1bn) from $7.6bn (£6bn) in the same quarter a year earlier
Equinor cuts shareholder payouts as fossil fuel returns slow and renewables drag February 7, 2024 Equinor will return $3bn (£2.3bn) less to shareholders in 2024 than a year prior
BP eyes value over volume as new chief sets out his ambitions February 6, 2024 BP CEO Murray Auchincloss said the firm will be "super focused" on returns
Ofgem tells energy suppliers to cut switching times to five days or face a fine February 6, 2024 The move brings the required transition period down by 10 days