The chief executive of Currys, the United Kingdom’s largest electricals retailer, has publicly highlighted a startling competitive handicap: British businesses now pay five times more per kilowatt-hour for electricity than
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Sir Jim Ratcliffe’s energy empire is doubling down on American oil and gas whilst effectively writing off the UK North Sea as a viable investment destination. The announcement that INEOS
Britain’s pottery sector stands at a crossroads. Once employing 79,000 workers in 1948 and generating world-renowned brands, Stoke-on-Trent’s ceramics industry has contracted to approximately 30 factories—down from 200 in the
The renewable energy sector is witnessing an escalating dispute over the controversial adoption of heat pumps. Key players in the industry are openly criticising each other as government policies and
Ed Miliband, the Energy Secretary, has announced new regulations aimed at phasing out traditional tumble dryers in a bid to enhance the United Kingdom’s commitment to achieving net zero carbon
The UK economy is projected to suffer a £35 billion loss over the next two years due to the global energy crisis instigated by the conflict in Iran. According to
Ed Miliband has condemned BP’s profits as “morally and economically wrong” following a dramatic surge in the company’s earnings amid rising geopolitical tensions. The Energy Secretary’s criticism came after BP
The United Arab Emirates has made the significant decision to exit the Organisation of the Petroleum Exporting Countries, OPEC, marking a pivotal moment in the global oil landscape. This announcement
The United Arab Emirates has formally announced its intention to withdraw from the Opec oil cartel. This decision comes after decades of cooperation with Opec, signalling a significant shift in
Mark Zuckerberg’s Meta is set to embark on an ambitious project that aims to harvest solar energy from space. This innovative initiative will serve to power its artificial intelligence data
The new chief executive of BP, Meg O’Neill, anticipated a significant financial boost from energy market volatility as she prepares to unveil her first results. Analysts project that underlying profits
Once hailed as the leading innovator in the UK energy market, Ovo Energy now finds itself on the brink of acquisition by Eon, a prominent German energy firm. This transition
The UK is witnessing a resurgence of the fracking debate as environmentalists mobilise against proposed gas extraction projects. A recent demonstration at a site near Scarborough showcased the growing unease
Recent data indicates a significant drop in North Sea gas production prior to the onset of the war in Iran, raising concerns over Britain’s energy security. This decline has left
Britain is currently engaged in advanced discussions regarding a potential agreement that would see Rolls-Royce supplying innovative mini nuclear power plants to Sweden. This collaboration aligns with Sweden’s ongoing efforts
BP has encountered significant pushback from investors following the company’s decision to dilute its commitments to net zero emissions. This shift in strategy has raised concerns among stakeholders who were
