Poorer oil-dependent nations should not be left behind in the green transition Rhodri Morgan COP28 should focus its attention on poorer oil-reliant states at risk of being left behind as the green transition gets underway.
Thames Water could face government inquiry amid bankruptcy warning THAMES WATER A potential Parliamentary inquiry is to be added to the seemingly ever-growing list of financial and operational problems at Thames Water. The Financial Times reported this weekend that the bedraggled utilities provider may be called in front of MPs once more to verify aspects of its accounts that came to light last week. In July, [...]
COP28: What does the City think? COP28 City A.M. spoke to Square Mile decision-makers to check the temperature on what COP28 means to the City of London and the UK economy as a whole.
COP28 hosts back proposed additional Saudi oil cuts November 30, 2023 Saudi Arabia could cut oil production further thanks to the first stage of the OPEC+ group’s meeting this morning, supported by the UAE. The nation has won provisional backing for the move has made it contingent on other nations contributing to the cuts, measures that if not could jeopardise the agreement. The UAE, hosts of [...]
BP deepens solar stake with Lightsource in £254m outright buy November 30, 2023 BP has bought up full control of solar power developer Lightsource bp in a move demonstrating the former's ambitions outside of fossil fuels.
COP28: Five things to watch out for as the global climate conference starts in Dubai November 29, 2023 While some cynics may look at it as a talking shop where not enough discussion leads to action, it does offer a chance for thought-leaders to co-ordinate.
London Metal Exchange looks to ‘strengthen’ its position after winning nickel case against Elliott November 29, 2023 A court has ruled in favour of the London Metal Exchange (LME) around its suspension of the nickel market mid-short squeeze last year.
Pennon Water hikes dividend and capital spending plans despite profit slump November 29, 2023 Pennon Water reported a 90 per cent drop in profit this morning but hiked its dividend as management remained confident about the group's outlook.
Shell’s floating LNG plant to restart next month November 28, 2023 Shell is set to restart export operations at its giant floating LNG facility in Australia next month following an extended closure.
Octopus boosts renewable capacity ahead of Shell Energy deal November 27, 2023 For an undisclosed fee, Octopus Energy has bought into Ørsted’s Walney Extension wind farm, the eighth largest in the world. The generation arm of the energy supplier has taken a 12.5 per cent stake in the Irish Sea project, which was built in 2018. The project has 87 turbines with a generation capacity of 660 [...]
