Greta Thunberg wind farm protest forces Norway energy minister to abandon UK trip March 1, 2023 Norway’s energy minister cancelled a trip to Britain on Wednesday because of a protest against a wind farm that campaigners say hinders the rights of the Sami indigenous people to raise reindeer in Arctic Norway. The activists, mainly teenagers, have been blocking the entrance to several ministries in the Norwegian capital since Monday. They are [...]
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.
High fertiliser prices add £78m per month to farmers bills, says ECIU March 1, 2023 High fertiliser costs are adding £78m to farmers’ monthly bills amid fresh food shortages, according to the ECIU.
Brexit-backer Arron Banks wins appeal in Carole Cadwalladr libel case February 28, 2023 Brexit-backer Arron Banks has won an appeal in his libel lawsuit against investigative journalist Carole Cadwalladr. The UK’s Court of Appeal today said Cadwalladr should pay libel damages to Banks over claims she made in a 2019 Ted Talk concerning the Brexit campaigner’s purported links to Russia. Today’s decision saw the Court of Appeal overturn [...]
Gas markets plagued with uncertainty after Russia sanctions, IEA warns February 28, 2023 The global gas balance remains fragile this year, with markets riven with uncertainty, warned the International Energy Agency.
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.
ECB expected to hike rates to a record four per cent as central bank struggles to tame inflation February 28, 2023 The European Central Bank (ECB) will hike interest rates to their highest level since the monetary authority of the group of countries using the euro was created in 1999, markets are betting. President Christine Lagarde and the rest of the governing council, Europe’s equivalent to the Bank of England’s monetary policy committee, are poised to [...]
End of Bank of England £800bn bond buying scheme poses headaches for Treasury and taxpayers February 28, 2023 The magic money tree is shedding its leaves. Over a decade of cheap cash propping up the global economy has been toppled by a once in a generation inflation problem. QE was a necessary response to the batch of shocks ricocheting around the global economy since 2008. Now it’s shifted into reverse. But how did [...]
Households face £900 hike to energy bills after Ofgem keeps price cap high at £3,280 February 27, 2023 Households face a painful hike to their energy bills, with support tapering off and the price cap remaining above £3,000.
Modi and India stop G20 calling Putin’s war in Ukraine a ‘war’ February 25, 2023 There is concern amongst rich nations about being unable to call a war started by Vladimir Putin just that, due to splits between global powers G20 finance chiefs have been unable to reach a consensus on describing the war in Ukraine and are likely to end a meeting in India on Saturday without a joint [...]