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.
‘Clock is ticking’ warns energy bodies in call for eased renewable levies and slashed planning rules March 6, 2023 Two leading energy bodies have urged the government to introduce investment relief for remove planning obstacles for new projects.
Shell boss: US ‘significantly’ more attractive for green energy investment than UK March 6, 2023 The US is more attractive than the UK for energy investment, warned the new boss of Shell, following the US Inflation Reduction Act.
Offshore energy industry pleads with Hunt for help: Windfall tax ‘rocked investor confidence’ amid US threat March 2, 2023 The UK’s North Sea industry body has urged Jeremy Hunt to create an attractive investment climate to compete with rival energy markets.
Onshore wind reforms will fail to revive collapsed industry, renewable body warns March 1, 2023 Government proposals to revive onshore wind will do nothing to remove the current de-facto ban, argued Renewable UK.
Lack of government strategy putting UK decarbonisation goals at risk, NAO warns March 1, 2023 The government lacks a plan for all electricity to be generated through clean energy sources by 2035, warned the National Audit Office.
UK risks falling behind in global net zero race if it lowers green ambitions, ex climate minister Skidmore warns February 28, 2023 The UK risks falling behind rival countries in the "international net zero race" if it lowers its climate ambitions.
BP boss defends oil and gas spending and calls for ‘orderly’ green transition amid protests February 28, 2023 BP boss Bernard Looney has called for an "orderly" transition to the renewable energy, defending the company's oil and spending.
Shapps looks to win US support for green energy projects in net zero race February 28, 2023 Grant Shapps is hoping to sustain the UK’s role as a major player in the net zero race, and woo his US counterpart with joint projects.
Getting warmer: Have heat pumps finally cracked the mainstream market? February 27, 2023 A price war for heat pumps was triggered last month, when British Gas owner Centrica unveiled a £3,000 product for households.