En+ Group loses Lord Barker as chairman as Russian energy giant considers separating international unit March 7, 2022 En+ Group said this morning it has started a review of its strategy on Rusal , thereby considering a separation of the aluminium company’s international business, the energy giant clarified in a statement. Moreover, Gregory Barker, who has served as executive board chairman at En+ since November 2017, has resigned. “A strategic review is currently [...]
They are coming: Calls to stop Russian tankers heading for Kent March 2, 2022 The government must immediately intervene to stop two Russian tankers – containing enough liquid gas to supply the UK for up to 12 days – from docking in Kent at the weekend, a union said this afternoon. The Boris Vilkitsky and Fedor Litke are bound for Grain LNG with plans to unload on Sunday, according [...]
Exclusive: ‘Nuclear has a lot going for it while net zero will simply not happen’, says sceptical environmentalist Bjorn Lomborg February 22, 2022 Bjorn Lomborg is not your typical environmental thinker. A former Greenpeace activist, he is now frustrated with the state of our climate change debate – calling for constructive solutions rather than apocalyptic predictions. So what are Lomborg’s solutions? City A.M.’s Michiel Willems finds out. There is a lot to do about nuclear energy at the moment. [...]
Exclusive: Good Energy chief slams poorly run companies in worsening market crisis February 22, 2022 The energy crisis has been worsened by poorly managed energy firms and price competition, argues Good Energy boss Nigel Pocklington.
Wind farms paid to halve electricity output to prevent energy grid being overwhelmed February 20, 2022 Wind farms have been paid to stop producing electricity, according to research published in The Sunday Telegraph.
Breezy does it: Wind output pushes down power prices while diplomacy causes oil and gas to falter February 18, 2022 Power, gas and oil prices all stutter amid stormy weather and increased hopes of diplomatic solutions to geopolitical tensions.
Tory MP Nigel Adams pushed for biomass subsidies while receiving £62,000 in donations from industry February 15, 2022 It has been reported that one of the strongest biomass supporters in parliament, Nigel Adams MP, received more than £60k in donations from the industry while lobbying the government to provide biomass companies with subsidies. Adams reportedly accepted £62,411 in donations between 2012 and 2016, including more than £30,000 to attend a number of conferences [...]
Exclusive: The City’s hydrogen authority on Jeff Bezos’ first nuclear fusion plant in Britain February 11, 2022 Tower 42-based Gavin Watson, generally considered the City’s go-to lawyer for hydrogen projects, recently advised on the launch of a Jeff Bezos-backed, UK-first nuclear fusion plant, which uses hydrogen as an input. Given the growing investor interest in this gas and Boris Johnson’s claim that he intends for Britain to become the ‘Qatar of hydrogen’, time [...]
HSBC pushes further into Saudi Arabia: Canary Wharf approves $10bn loan so mass polluter Saudi Aramco can expand January 27, 2022 HSBC is in line to finance a $10bn revolving credit facility to one of the world’s biggest polluters, the Saudi Arabian Oil Company, or Saudi Aramco, despite the bank’s commitment to ‘Net Zero emissions by 2050’. HSBC’s latest venture in the Middle Eastern kingdom, in partnership with Standard Chartered, is likely to draw scrutiny from [...]
EDF shareholder funds put pressure on French government over energy firm plans January 24, 2022 The supervisory boards of two EDF staff shareholder funds are pushing for clarity over the French government’s plans for the energy giant.