UK cuts oil imports from Russia after Ukraine invasion as Norway establishes energy dominance June 29, 2022 Imports of Russian oil have tanked this year, following the country’s invasion of Ukraine with traders seeking alternatives after Western sanctions.
Ofgem pledges not to raise energy bills with £20bn-plus grid upgrade June 29, 2022 Ofgem has pledged to boost grid capacity with a new £20bn-plus package, while also imposing new demands on network operators.
BEIS Select Committee raises alarm bells over UK’s ‘dire’ climate progress report June 29, 2022 BEIS has raised alarm bells over a key report on Government’s progress to net zero, deeming it "dire", and "catastrophic for the country/
Oil round up: G7 stops short of unveiling mooted oil price cap while OPEC revels in rising revenues June 28, 2022 The G7 has stopped short of banning the transport of Russian oil above a certain price, and will instead just explore the option.
Wonks divided over plans to exclude fossil fuel plants from emissions checks June 28, 2022 Analysts are split over the Government's reported decision to halt emissions checks on fossil fuel plants ahead of winter.
Windfall tax is a ‘fiscal shock’ to the oil and gas sector, warns industry body in letter to Chancellor June 28, 2022 One of the UK's leading energy bodies has sent a letter to the Chancellor Rishi Sunak, warning the new windfall tax will harm the country's investment climate.
Kwarteng backs steel tariffs and labels the crisis-hit sector as a ‘strategic’ industry June 28, 2022 Steel is an important "strategic industry" argued Business Secretary Kwasi Kwarteng, defending the governm
Kwarteng plays down prospect of blackouts this winter amid supply crunch fears June 28, 2022 Business Secretary Kwasi Kwarteng has played down the prospect of a winter blackout, dismissing the scenario as an "extreme possibility."
‘Pump fiction’: AA lambasts petrol retailers for failing to bring down forecourt prices June 28, 2022 The AA has deemed fuel prices "pump fiction" as costs at forecourts continue to rise despite a slump in wholesale.
Watchdog slaps sixth water firm with enforcement case over sewage dumping June 28, 2022 South West Water is the latest supplier in Ofwat's crosshairs, with the watchdog announcing an enforcement case against the company.
