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Energy

  • Breezy does it: Wind generates 20GW for the first time ever

    November 3, 2022

    Wind power generated more than 20GW of power domestically for the first time ever yesterday, revealed National Grid.

  • Gas prices climb amid renewed concerns of winter shortages

    November 3, 2022

    Gas prices spiked this morning, with capacity reductions at gas fields in Norway powering the latest uptick in spot prices.

  • Drax open to tougher checks on wood imports, confirms sustainability head

    November 2, 2022

    Drax Group would be prepared to do a carbon analysis of its wood imports for its biomass facilities amid claims of

  • ‘Dark clouds on the horizon’ warns Maersk, as it cuts shipping forecasts

    November 2, 2022

    Maersk has warned of "dark clouds on horizon" as it cuts its forecasts for business activity until the end of year, amid recession fears.

  • Ithaca Energy closes in on £3bn valuation as London float looms

    November 2, 2022

    Ithaca Energy is closing in on a value above £3bn in what could be London's largest initial public offering this year.

  • Sunak’s Cop-27 attendance is a facile row that sums up too much of our politics

    November 2, 2022

    Little could more perfectly sum up the facile nature of our energy and climate debate – and indeed often our politics – than the confected row about whether or not Rishi Sunak attends Cop-27 in Egypt this month.  Does anyone, honestly, believe that the Prime Minister’s attendance is going to make one iota of difference [...]

  • Global companies with net zero goals on course to miss climate ambitions

    November 2, 2022

    Nearly all global companies with net zero ambitions will fall short of their environmental goals, warned Accenture.

  • BP’s profit bonanza reignites calls for tougher windfall tax

    November 1, 2022

    BP has unveiled another bumper round of monster profits powered by soaring gas prices, reigniting calls for a windfall tax.

  • UK must overhaul planning to meet renewable goals, warns National Grid

    November 1, 2022

    The UK will have to ramp up planning reform to meet its green energy goals, confirms National Grid boss John Pettigrew.

  • Saudi Aramco unveils £36.8bn profits powered by soaring gas prices

    November 1, 2022

    Saudi Aramco reported its second-highest earnings as a listed company, driven by this year’s surge in oil and gas prices.

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