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Energy

  • UK biomass subsidies undermining efforts to stop global warming, report warns

    January 18, 2024

    UK government biomass subsidies are undermining efforts to tackle climate change, a new report has warned.

  • UK’s decarbonisation efforts are worsening by the year, new report says

    January 17, 2024

    Deployment of renewable energy projects, such as offshore wind, is repeatedly falling behind in the UK

  • ‘More cash than we know what to do with’: The big questions for BP’s new chief Murray Auchincloss

    January 17, 2024

    Murray Auchincloss, chief executive officer of BP Plc, during a panel session at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, on Monday, Oct. 2, 2023. The annual strategic energy conference runs from Oct 2-5. Photographer: Christopher Pike/Bloomberg via Getty Images

  • No LNG left in the Red Sea as Houthi attacks clear shipping waters

    January 17, 2024

    https://www.cityam.com/lng-fleets-to-overtake-oil-supertankers-in-global-gold-rush/

  • BP company man Auchincloss named permanent chief

    January 17, 2024

    BP was late on Tuesday night putting the finishing touches to the permanent appointment of interim boss Murray Auchincloss as CEO, according to reports.

  • UK government greenlights second stage of controversial Drax carbon capture project

    January 16, 2024

    The decision letter, published this afternoon penned by the energy security and net zero minister Claire Coutinho, said that the government is satisfied the site can achieve 95 per cent capture efficiency and approved the site's zero rating.

  • Shell to exit Nigerian onshore oil over long-running theft and sabotage risks

    January 16, 2024

    The sale to a Nigerian business-led consortium is expected to be worth around $2.4bn

  • Costs £43bn or saves £15bn: Spat over taxpayer billions at Drax carbon capture site

    January 16, 2024

    Climate think tank Ember claims Drax is pushing through a new facility to help its existing plant out of financial difficulty

  • Northvolt secures £3.95bn debt round as listing anticipation builds

    January 16, 2024

    Northvolt is expected to list in Stockholm this year in an IPO that could reach $20bn

  • Rio Tinto: We are in state of ‘chronic unease’ over safety at our mines

    January 16, 2024

    Mining giant Rio Tinto has pinned stimulus packages for the Chinese economy as drivers for a "gradual recovery" through 2024 despite key areas remaining weak.

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