LGIM calls for more mining sector funding to meet net zero goals April 5, 2022 Funding for the mining industry will have to be ramped up to ensure the successful decarbonisation of global economies, warned LGIM.
Russia’s rouble demands slammed by steel baron Vladimir Lisin April 5, 2022 Russia's plans to demand roubles for exports will undermine the country's position on global markets, argued steel baron Vladimir Lisin.
Government paves way to end fracking moratorium with new survey April 5, 2022 The government has announced a survey into fracking ahead of the unveiling of its long-awaited energy strategy.
Zinc prices rally amid reduced output and soaring energy prices April 5, 2022 Zinc prices have skyrocketed again amid fears of reduced output in already tight markets, rising to $4,470 per tonne.
Repsol and Ørsted team up to explore Spanish offshore wind developments April 5, 2022 Energy firms Repsol and Ørsted have joined forces to develop Spanish offshore wind, with the market closing in on commercialisation.
10m British pensions at BlackRock ‘helped’ Putin’s invasion of Ukraine via £1bn in oil energy dividends April 5, 2022 Fund manager BlackRock – which oversees 10 million British pensions – has helped Putin build his war chest by investing heavily in Russia’s biggest companies, the Bureau of Investigative Journalism told City A.M. this morning. While those investments have strengthened Putin, they have also generated a fortune for BlackRock’s clients, the group said. Since 2014, [...]
MPs question why promised security review into sale of UK semiconductor giant to Chinese company is not happening April 5, 2022 The takeover of a hi-tech British company to a Chinese-owned firm has allegedly “not begun”, MPs have said as they question why it is taking the government so long. Prime Minister Boris Johnson last year asked national security adviser Sir Stephen Lovegrove to examine the purchase of Newport Wafer Fab by Nexperia for a reported [...]
Germany resists EU ban on Russian gas as it continues to be Putin’s customer: ‘We would inflict damage on ourselves’ April 5, 2022 Germany has rejected calls for an EU embargo on Russian gas imports, despite mounting civilian deaths in Ukraine.
Solar power pipeline exceeds onshore wind April 4, 2022 The number of solar power development plans has massively outstripped proposed onshore wind sites over the past two years.
ExxonMobil suspends Russian LNG project April 4, 2022 ExxonMobil (Exxon) has suspended its Far East liquefied natural gas project (LNG) in Russia - putting the development into doubt.