Monday, December 9, 2019

Opec agrees oil production cut to help prop up prices

Opec and its allies have agreed to cut an extra 500,000 barrels of oil a day from the global oil market next year...

Glencore's weary shareholders might welcome CEO's retirement

Congratulations if, in the spring of 2011, you took one look at the big £38bn stock flotation of the year and concluded the...

Saudi Aramco to be world's most valuable firm after IPO next week

Saudi Aramco is poised to achieve the biggest initial public offering in history next week by raising $25.7bn for the Saudi state in...

BP boosts stake in solar firm amid clean energy plan for its offices

BP has increased its stake in British solar venture Lightsource BP as it prepares to strike a deal to power its offices with...

Opec considering huge oil production cuts to avoid market slump

The Opec oil cartel is considering deeper cuts to production next year to avert a price slump in the market as the global...

Scottish Power plans to build solar panels beside windfarms

Scottish Power plans to squeeze more renewable electricity from its onshore windfarms by covering the ground beside the turbines with photovoltaic panels and...

Activists call for BP ads to carry 'climate damage' warning

Environmental lawyers have lodged a complaint against a multimillion pound global advertising campaign by BP, which they said was misleading the public with...

Swansea tidal power project launches 11th-hour £1m fundraising drive

The developers of a pioneering tidal power project in Swansea Bay have launched an 11th hour bid to raise over £1m to keep...

IFS warns Labour renationalisation may delay low-carbon economy

Labour’s plan to renationalise large chunks of the economy risks years of disruption that could delay Britain’s transition to a low-carbon economy, a...

'Black wall' as government releases its report on fracking

The government has heavily redacted a secret report into the fracking industry after it was forced to comply with a court order for...

Thousands of homes in central Scotland facing days without gas

Thousands of homes in Falkirk in central Scotland are facing several days without gas in cold weather after supplies were turned off over...

Why ‘100% renewable energy’ pledges are not enough

Many large companies such as Google, Facebook, Apple and Netflix are setting the goal of being powered by “100 per cent renewable energy”...

Npower to cut up to 4,500 UK jobs in restructuring

UK energy provider Npower is to cut up to 4,500 jobs as part of a significant shake-up that will include the closure of...

Npower to cut up to 4,500 jobs as part of restructuring plan

The energy giant npower is to cut up to 4,500 jobs as part of a major cost-cutting drive that could result in it...

UK should contribute £20bn to UN climate fund by 2030, report says

The UK contribution to the UN’s climate fund should balloon to £20bn by 2030 if it plans to pay a “fair share” to...

Corbyn nationalisation plans for energy sector to collide with EU law

The Labour party’s plans to take large parts of the energy industry back under public control is on a collision course with EU...

An Electricity Blackout at A Hospital – What Happens?

It’s fairly rare to face a power cut, in fact most of us will have experienced only a...

Yes, electric vehicles really are better than fossil fuel burners

Hans-Werner Sinn is quite the character. This German economics professor’s writings range from the Greek crisis to migration, to German energy policy. Recently he...

Rival ride-hailing firms can steer TfL's standards – why not Uber?

The sense of corporate self-entitlement at Uber is astonishing. The US ride-hailing service thinks it is “extraordinary and wrong” that it has lost...

Global use of coal-fired electricity set for biggest fall this year

The world’s use of coal-fired electricity is on track for its biggest annual fall on record this year after more than four decades...

Scottish Power plans major expansion of onshore windfarms

ScottishPower has begun plans for a major expansion of onshore windfarm projects across Scotland in anticipation of a government U-turn on support for...

Power firms move ownership offshore to 'protect against Labour renationalisation'

Two of the UK’s largest power companies have quietly moved the ownership of their British operations to offshore companies to protect themselves against...

Jeremy Corbyn urges public to vote for 'his manifesto of hope'

Jeremy Corbyn has urged the public to vote for his “manifesto of hope” as he unveiled plans for the most dramatic increase in...

Businesses criticise Labour's 'command and control' manifesto policies

Businesses have criticised the “command and control” policies at the heart of the Labour party manifesto, which they said would suppress innovation and...

Labour proposes windfall tax to pay for new green deal

Labour announced a new windfall tax on oil and gas companies which the UK’s opposition party says will raise more than £11bn as...

Saudi Arabian oil firm Aramco hires 25 banks to work on flotation

Saudi Aramco has hired a near-record 25 banks to work on its upcoming listing on a single stock market. Companies normally hire between one...

Labour to slap £11bn tax on oil and gas firms to fund green plan

A Labour government would put an £11bn windfall tax on oil and gas companies to create a “just transition fund” and help shift...

China's appetite for coal power returns despite climate pledge

China’s growing appetite for new coal-fired power stations has outstripped plant closures in the rest of the world since the start of last...