Global fossil fuel demand to peak ‘in the coming years’, IEA says September 12, 2023 Global demand for fossil fuels is "set to hit a peak in the coming years" and gradually decline thereafter as the world pivots towards renewable energy sources, the head of the International Energy Agency said today.
BP boss Bernard Looney resigns over past relationships with colleagues September 12, 2023 The chief executive of BP has resigned after admitting to misleading his board over historic relationships with colleagues
City regulators urged to review Hong Kong’s ties to the London Metal Exchange September 11, 2023 City regulators must scrutinise the Hong Kong government's ties to the London Metal Exchange following China’s breaches of human rights and diplomatic agreements with the UK, a human rights group has demanded.
Oil giants face major hit from UN climate rules shaking up the shipping sector September 11, 2023 Oil giants are set to face a major hit from new climate regulations on ship owners, which will eventually stop them from using high-polluting shipping fuels, analysts have warned. Under agreements made in July, the International Maritime Organisation (IMO) – the UN agency which sets legally binding regulations on international shipping – ruled that nearly [...]
UK solar dreams risk being tainted by China’s influence September 11, 2023 The political row over onshore wind was not the only issue with the Energy Bill – as the debate over China's role in solar power deepens.
‘The economics did not stand up’: Renewable auction fails to deliver any new offshore wind projects September 8, 2023 No new offshore wind farms have been commissioned in a key auction, dealing a blow to the Government’s hopes of decarbonising the UK’s electricity production. In the annual auction which lets companies bid to supply the grid with electricity, many onshore wind projects and solar farms bid to get a contract. However, no offshore wind [...]
Offshore wind auction expected to be major letdown for government’s green agenda September 7, 2023 The latest auction round for offshore wind is expected to be disappointing for the energy sector, with close to zero bids.
Zenobe secures £850m investment for its electric dreams September 7, 2023 Clean energy specialist Zenobe has secured over £850m investment, as it looks to expand its electric feet and infrastructure businesses.
Oil prices slide as holiday season ends and China’s economy weighs down prices September 7, 2023 Oil prices have dipped this morning with autumn approaching and expectations of easing jet fuel demand.
UK risks losing £100bn of energy projects unless it cuts high taxes and red tape September 7, 2023 The UK risks missing out on as much as £100bn of investment in domestic offshore energy projects, an industry body has warned.