How the UK’s deep sea mining U-turn highlights the delicate road to net zero October 30, 2023 The UK's newly announced support for a moratorium on granting exploration licences for deep sea mining projects highlights the precarious path to net zero.
Blackrock tells investors to give mining a chance or risk green energy transition October 30, 2023 Blackrock said investor reluctance towards mining. could lead to shortages of vital materials
Oil prices could surge above $150 per barrel if Hamas-Israel conflict escalates October 30, 2023 Oil prices have dipped in this morning's trading, with investors waiting to see whether the US Federal Reserve hikes rates again.
Aviva hammers government push for North Sea oil and gas drilling October 30, 2023 Insurer's chief executive Amanda Blanc fears UK's climate goals are under threat
Glencore downgrades nickel expectations as strikes hit production October 30, 2023 Glencore has downgraded expectations for nickel production, with the commodities giant still recovering output from strike action.
‘Nothing has changed’: Supermarkets back in the firing line for jacking up pump prices October 30, 2023 Supermarkets are still profiting at the pumps at the expense of British motorists, despite criticism from the UK's competition regulator.
Sunak’s support for National Grid is welcome but private sector key for net zero goals October 30, 2023 Sunak’s push for electrification is highly welcome, but we can only hope National Grid done enough to power the UK's greener future.
Award of 27 oil and gas licences ‘boost for UK energy security’ October 29, 2023 An offshore energy trade body has welcomed the announcement of 27 new oil and gas licences as a “boost for UK energy security”. Announcing the licences, the North Sea Transition Authority (NSTA) said they have been awarded in areas prioritised because they have the potential to go into production more quickly than others. It said [...]
Ofwat: Thames Water has ‘significant issues to address’ as industry pays £1.4bn to shareholders October 26, 2023 Water regulator Ofwat has named the four worst performing water companies, with troubled Thames Water among those being urged to address big holes in their finances. Ofwat, which oversees the water sector in England and Wales, said Thames Water, Southern Water, SES Water and South East Water need to deliver a turnaround in their financial [...]
Shell’s new boss Wael Sawan to cut 200 jobs in overhaul of low carbon unit October 25, 2023 Shell said the decision forms part of its “drive to create more value with less emissions through a focus on performance, discipline and simplification”.