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Energy
UK government says energy certificates need ‘fundamental reform’ in latest green shift
Ministers are softening green policies in advance of the next election, and the government of Rishi Sunak is planning to change the energy efficiency standards for landlords. This will relieve the pressure on the housing markets.…
Britain’s EV push will cost billions, but the prize could be worth much more
This could be £500m. It could be £1bn. It could even be £2bn. It's not clear how much the government agreed to pay the Indian conglomerate Tata last week for a battery plant in Somerset, instead of Lyon or Stuttgart.
One thing is…
Grant Shapps promises to’maximise’ UK North Sea oil and natural gas reserves
Grant Shapps has said that the UK government will "max-out" its remaining North Sea oil reserves. He argues this is in line with Britain's commitment to achieve net zero carbon emission by 2050.
Labour leader Keir starmer said that the…
Vattenfall’s cancellation of wind farm project in the UK is a blow to UK renewable energy…
The UK's efforts to promote renewable energy suffered a major blow after one of its largest offshore wind farm projects, which was stopped due to rising costs, was cancelled.
Vattenfall announced on Thursday that it had suspended…
National Grid sells its gas network stake amid concerns over hydrogen heating
The National Grid sold more of Britain's Gas Network to foreign investors, just days after Grant Shapps raised questions about plans for using the infrastructure to heat hydrogen.
Macquarie, an Australian investment bank, led a…
Macquarie further controls the British gas network
Macquarie, the world's biggest infrastructure investor, has increased its stakes in Britain's Gas Transmission Network as it bets the future of hydrogen and natural gas.
The Australian infrastructure giant, along with its consortium…
Hong Kong billionaires bid for ownership of Britain’s offshore wind network
The richest family in Asia has bid for lucrative contracts to transfer electricity from Britain's largest offshore wind farm to the National Grid.
UK Power Networks Services is owned by the family of Hong Kong billionaire Li Kashing.…
Hedge fund manager who profited from EU carbon credits rally predicts that prices will fall
According to a former market bull, the price of carbon permits will drop as Europe moves away from dirty fuels.
Per Lekander who made a lot of money by correctly predicting the rally in 2018 in carbon prices said he is now betting that…
Elon Musk’s plan to transform Britain into a ‘virtual grid’
Billionaire looks to expand his business despite critics who say he is too busy.
Elon Musk is a billionaire who has spent $44bn to buy , one of the largest social media companies in the world.
Now the billionaire is focusing…
Shell is considering selling its green energy stake to shift back to oil and natural gas
Shell may sell a stake in the green energy business to focus its investment on oil and gas.
The FTSE-100 company has approached third parties to offload a part of its global renewable energy operations, just days after the chief…
BMW urges Britain to accelerate the development of hydrogen-powered cars
BMW's senior executive has warned that the UK must support a network hydrogen filling stations, or it will lose out in the race to greener vehicles against the Continent and Asia.
Jurgen Guldner is the manager of hydrogen technology for…
Drax says it will not keep UK coal plants operating this winter
The owner of Britain's only coal-fired power plant has decided not to keep it open during the winter. This is despite the government asking to investigate this option to avoid disruption of energy supply.
Drax announced on Wednesday that…
Siemens Energy shares plummet after wind turbine problems worsen
Siemens Energy shares, the world's biggest wind turbine manufacturer, fell 30 percent on Friday, after the company said it could have to spend over €1bn to fix a variety of technical problems.
Siemens Energy has canceled its profit…
Ford Battery Plants to receive $9.2bn in US funding for Clean Energy Push
The US Loan Office plans to loan a record amount of $9.2bn to build electric vehicle batteries by Ford and South Korea’s SK On. Washington is pushing to create domestic supply chains to reduce its industrial dependence on China.
The US…
Are you looking for a safe investment? My friend, the answer is blowing in the wind
The investment industry is obsessed with forecasts. Even though no human being has ever been able to accurately predict the outcome of any event on a consistent basis, share prices are hugely influenced by guesstimates.
For example,…
After a round of deals, the first flight of the new Concorde is closer.
The company behind the plan has signed important deals for the design and construction of the supersonic jet.
Boom Supersonic has stated that it will have Concorde-style aircraft flying by 2027. The Italian aerospace giant Leonardo…
Experts warn that the UK’s clean energy targets are not realistic.
Industry figures question ambitious plans by Labour and Conservatives to decarbonise grid .Energy experts have warned that Labour would struggle to hit its target to decarbonise the electricity system by 2030 given the scale of the…
After a fractious vote, Switzerland passes a law to reduce carbon emissions
This weekend, Switzerland's commitment towards reducing carbon emissions was tested in a national vote which challenged the strength and sustainability of green politics.
The Climate Law passed by a referendum with 58% of the vote on…