Carbon dioxide shortage: No taxpayer bailout forthcoming this time August 25, 2022 THERE will be no repeat of a taxpayer-backed financial package to tackle the country’s coming carbon dioxide shortage, City A.M. understands. Ammonia producer CF Fertilisers yesterday announced it would be halting production of the fertiliser at its Teesside plant due to too-high energy costs. Carbon dioxide is produced as a by-product of that process and [...]
Soaring inflation risks creating UK property ‘insurance gap’ August 25, 2022 SOARING inflation in the construction sector threatens to create a major “insurance gap” amongst UK policyholders, London headquartered insurer Chaucer has warned. Sharp increases in the costs of building materials could leave homes and businesses underinsured, as policies fail to cover the cost of repairing and rebuilding damaged properties, research carried out by the Lloyd’s of [...]
UK set for another carbon dioxide shortage as fertiliser plant halts production again August 25, 2022 The UK could be set for another carbon dioxide shortage after one of the UK's main producers terminated production due to high energy costs.
Ofgem slaps Shell with fine after it overcharged customers for energy August 25, 2022 Shell Energy's supplier business has been slapped with a hefty fine for overcharging customers on default tariffs.
Explainer-in-brief: The problems with freezing the energy price cap August 25, 2022 In the UK, the energy price cap – decided by Ofgem – sets the maximum price you can be charged for kilowatt hour. In short, it doesn’t put a cap on how high your total bill can get, but it regulates how it is calculated. The cap is reviewed every three months. In response to [...]
Government must support UK science firms in shouldering cost pressures, says ABPI president August 25, 2022 The Government must help paint a positive picture for the pharmaceutical industry via increased support, so that CEOs feel encouraged to shoulder the cost pressures hitting the sector, the president of the Association of British Pharmaceutical Industry (ABPI) told City A.M. The industry is currently navigating staff shortages, inflation as well as dwindling investment, which [...]
Government is ‘running out of time’ to save British households from energy crisis August 25, 2022 The government is “running out of time” to save businesses and households from the inflation crisis, one of the country’s largest business groups has warned today. Policymakers should be launching measures now to shield Britons from the looming long recession, the British Chambers of Commerce (BCC) said today. The BCC has written to chancellor Nadhim [...]
Energy bosses rally around calls for crisis fund to support households August 25, 2022 Energy bosses are rallying around Scottish Power's call for a “tariff deficit fund” to ease the pain facing millions of Brits this winter.
Japan considers nuclear U-turn as winter crisis looms August 24, 2022 Japan will restart more dormant nuclear plants and consider building next-generation reactors, revealed Prime Minister Fumio Kishida.
Where will Ethereum PoW miners go post-merge? August 24, 2022 Tim Bullman, CEO of Caduceus Foundation, discusses the next move for Ethereum's proof-of-work miners after "The Merge".