BP scales back climate ambitions as outcry over £23bn earnings ignites call for tougher windfall tax February 7, 2023 BP has scaled back its climate ambitions, easing plans to slash the amount of oil and gas it produces to meet global demand.
National Grid stands down coal plants as it grapples with winter cold snap February 7, 2023 National Grid stood down its order for two coal power plant units to be warmed up yesterday evening, easing supply crunch concerns.
BP: Profits double to £23bn as soaring oil and gas prices continue to boost its bottom line February 7, 2023 BP is the latest energy giant to unveil record profits, reporting full-year earnings of £23bn, cashing in on soaring oil and gas prices.
Britishvolt: Rescue deal doesn’t mean UK will achieve EV goals, analysts say February 7, 2023 The UK’s future in electric vehicles is uncertain, warned experts, despite the impending rescue takeover of collapsed start-up Britishvolt.
Green energy: Subsidies need planning reform to stop firms being lured by US billions – Wartsila boss February 6, 2023 Subsidies for green energy will only lead to a ramp up of renewables if they are matched with planning reforms, warned Wartsila.
World’s biggest gold miner Newmont tables £14.1bn offer for rival firm Newcrest February 6, 2023 Top gold producer Newmont Corp has made a £14.1bn ($16.9bn) offer for Newcrest Mining to build a global gold behemoth.
Britishvolt: Australian firm Recharge reaches deal to buy collapsed British battery start-up February 6, 2023 Britishvolt is one step closer to a takeover, after its administrator named Recharge Industries as its preferred bidder.
Shapps slams Ofgem for being in thrall to energy firms February 6, 2023 Ofgem is in the crosshairs of Business Secretary Grant Shapps, who has accused them of failing to regulate the industry properly.
National Grid demands warming up of coal unit as UK braces itself for a further icy blast February 6, 2023 National Grid has called for one of the UK's remaining coal units to be warmed up to ease potential pressures on operating margins.
Only two new onshore wind turbines were built in England last year, reigniting calls for planning reform February 6, 2023 Just two onshore wind turbines were installed in England last year, as the industry awaits pledged planning reforms for new projects.