Energy watchdog backs carbon storage with licensing round plans May 15, 2022 The UK's fossil fuel watchdog has unveiled plans for licensing rounds to support carbon storage as it aims to reach net zero goals.
Spain and Portugal target price cap for natural gas to combat skyrocketing inflation May 15, 2022 Spiralling inflation has triggered a fresh round of state intervention in Europe, with both Spain and Portugal setting up price caps for gas trading.
Kwarteng: Nuclear power will add less than £1 per month to energy bills May 13, 2022 Kwasi Kwarteng took to Twitter to explain ramping up nuclear power will add less than £1 per month to energy bills during the construction phase.
Brits cut back on petrol and diesel as cost of living crisis deepens May 13, 2022 Brits are cutting back on petrol and diesel as they reduce the number of car journeys they make to save cash, revealed Ascona Group.
Oil bodies downgrade demand expectations as lockdowns and inflation bite May 13, 2022 Leading oil bodies have downgraded expectations for crude demand this year, amid continued volatility in the market.
Germany brings in more emergency measures to control gas supplies amid supply shortage fears May 13, 2022 Germany has brought in new measures to control the country's energy supply amid continued volatility in global gas markets.
Rishi Sunak is ‘pragmatic’ about imposing windfall tax on soaring energy profits as Brits’ bills skyrocket May 13, 2022 Chancellor Rishi Sunak said he was “pragmatic” about possibly imposing a windfall tax on the soaring profits of oil and gas giants as customers’ bills rise. Prime Minister Boris Johnson has shown firm opposition to the raid but has conceded “we’ll have to look at it” after BP chief executive Bernard Looney said his investment [...]
Building nuclear power plants will only drive up energy bills even further, Business Secretary Kwasi Kwarteng warns May 13, 2022 The Government’s ambitious nuclear power push may initially increase energy bills, the Business Secretary has warned. Kwasi Kwarteng said the plan to build new power plants as part of a new energy strategy may have a “small effect” on bills. But he told the BBC “nuclear is back on the table” because the Government considers [...]
Activist investor prepares to take on Shell over climate targets May 12, 2022 Shell is preparing for a shareholder showdown at its upcoming AGM, as activists push for more stringent environmental targets.
Energy specialist warns government needs to spend £20bn on battery storage to meet renewable goals May 12, 2022 The government will have to commit £20bn on battery storage to meet renewables targets, argued energy specialists Cornwall Insight.