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Energy

  • BEIS break-up: New department will help government combat energy crisis, argue experts

    Experts say the break-up of BEIS and the emergence of a new energy department could improve government decision making.

  • BP scales back climate ambitions as outcry over £23bn earnings ignites call for tougher windfall tax

    MEGA PROFITS

    BP has scaled back its climate ambitions, easing plans to slash the amount of oil and gas it produces to meet global demand.

  • National Grid stands down coal plants as it grapples with winter cold snap

    NATIONAL GRID

    National Grid stood down its order for two coal power plant units to be warmed up yesterday evening, easing supply crunch concerns.

  • BP: Profits double to £23bn as soaring oil and gas prices continue to boost its bottom line

    February 7, 2023

    BP is the latest energy giant to unveil record profits, reporting full-year earnings of £23bn, cashing in on soaring oil and gas prices.

  • Britishvolt: Rescue deal doesn’t mean UK will achieve EV goals, analysts say

    February 7, 2023

    The UK’s future in electric vehicles is uncertain, warned experts, despite the impending rescue takeover of collapsed start-up Britishvolt.

  • Green energy: Subsidies need planning reform to stop firms being lured by US billions – Wartsila boss

    February 6, 2023

    Subsidies for green energy will only lead to a ramp up of renewables if they are matched with planning reforms, warned Wartsila.

  • World’s biggest gold miner Newmont tables £14.1bn offer for rival firm Newcrest

    February 6, 2023

    Top gold producer Newmont Corp has made a £14.1bn ($16.9bn) offer for Newcrest Mining to build a global gold behemoth.

  • Britishvolt: Australian firm Recharge reaches deal to buy collapsed British battery start-up

    February 6, 2023

    Britishvolt is one step closer to a takeover, after its administrator named Recharge Industries as its preferred bidder.

  • Shapps slams Ofgem for being in thrall to energy firms

    February 6, 2023

    Ofgem is in the crosshairs of Business Secretary Grant Shapps, who has accused them of failing to regulate the industry properly.

  • National Grid demands warming up of coal unit as UK braces itself for a further icy blast

    February 6, 2023

    National Grid has called for one of the UK's remaining coal units to be warmed up to ease potential pressures on operating margins.

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