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Energy

  • Former Shell boss Ben van Beurden raked in £9.7m paypacket last year as profits soared

    March 9, 2023

    The former Shell boss enjoyed a hefty bump-up in his paypacket last year, before leaving the energy giant in January.

  • Scientists urge government to publish semiconductor strategy before it’s too late

    March 9, 2023

    The government must publish its semiconductor strategy, argue the Institute of Physics and the Royal Academy of Engineering.

  • Harbour Energy’s bumper profits wiped out by £1.3bn hit from windfall tax

    March 9, 2023

    Harbour Energy's bumper profits have been nearly wiped out by the windfall tax - taking a huge £1.3bn hit in earnings from the new levy.

  • Government ‘asleep at the wheel’ over decarbonisation goals, warns climate body

    March 9, 2023

    The government is "asleep at the wheel" when it comes to decarbonisation, warned the Climate Change Committee.

  • National Grid is the biggest roadblock to reviving onshore wind, argues Octopus

    March 8, 2023

    The biggest challenge for onshore wind developments is the slow speed of connections on the grid, argued the boss of Octopus Renewables.

  • Tullow Oil’s shares tumble as company stays cautious over output

    March 8, 2023

    Tullow Oil has kept its forecasts for steady output and lower cash flow this year, sending its shares lower on the London Stock Exchange.

  • UK risks energy tech exodus without more funding, battery boss warns

    March 8, 2023

    The UK risks an energy tech exodus to rival markets unless it offers more funding, the boss of AMTE Power has warned.

  • UK fires up coal plants to keep country’s lights on amid cold winter snap

    March 7, 2023

    National Grid is relying on coal to keep the lights on as a cold snap and planned nuclear shutdowns in France put pressure on the UK.

  • Oil industry pivots to low carbon projects to rake in US green subsidies

    March 7, 2023

    The oil industry is positioning itself to take advantage of billions of dollars of US tax credits established through the US Inflation Reduction Act.

  • ‘Pervasive’ plastic use must be tackled across industry, warns chemicals boss

    March 7, 2023

    The industry has to do more to lower the use of plastic in products, argued the boss of a FTSE 250 specialty chemicals firm.

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