Octopus charges up EV leasing business with £550m funding December 4, 2023 Octopus Energy's electric car-leasing business has secured an additional £550m in funding, the firm announced today.
Thames Water could face government inquiry amid bankruptcy warning December 3, 2023 A potential Parliamentary inquiry is to be added to the seemingly ever-growing list of financial and operational problems at Thames Water. The Financial Times reported this weekend that the bedraggled utilities provider may be called in front of MPs once more to verify aspects of its accounts that came to light last week. In July, [...]
COP28: Exxon Mobil boss rejects IEA criticism of carbon capture strategy December 2, 2023 Exxon Mobil CEO Darren Woods on Saturday rejected the International Energy Agency’s recent claim that using wide-scale carbon capture to fight climate change was an implausible “illusion”, saying the same could be said about electric vehicles and solar energy. “There is no solution set out there today that is at the scale to solve the [...]
COP28: Rishi Sunak unveils ‘massive’ £11bn deal for UK’s Dogger Bank wind farm December 1, 2023 A “massive” deal has been struck between energy firms RWE and Masdar to invest up to £11bn in the UK’s Dogger Bank wind farm, Rishi Sunak has said.
Ceres Power share price dives after sneaking out revenue warning December 1, 2023 Shares in Ceres Power plunged by more than 20 per cent this morning after the company sneaked out a revenue warning last night.
Daily Mail goes green: Paper’s parent firm launches energy transition fund December 1, 2023 The Daily Mail has set its sights on greener pastures by launching an energy transition fund through a new collaboration.
OPEC+ looking at output cuts approaching two million barrels a day November 30, 2023 OPEC+ oil producers agreed to voluntary output cuts approaching two million barrels per day (bpd) for early next year led by Saudi Arabia.
COP28 hosts back proposed additional Saudi oil cuts November 30, 2023 Saudi Arabia could cut oil production further thanks to the first stage of the OPEC+ group’s meeting this morning, supported by the UAE. The nation has won provisional backing for the move has made it contingent on other nations contributing to the cuts, measures that if not could jeopardise the agreement. The UAE, hosts of [...]
BP deepens solar stake with Lightsource in £254m outright buy November 30, 2023 BP has bought up full control of solar power developer Lightsource bp in a move demonstrating the former's ambitions outside of fossil fuels.
What is COP28 and why does it matter? November 29, 2023 The COP28 climate convention is unlikely to be far from the headlines over the next fortnight. Morning Wire has broken down everything you need to know ahead of time.