BP and Equinor bin New York wind farm as surging costs derail yet another green energy project January 4, 2024 BP and Equinor have scrapped the contract to deliver the project at a strike price of $107.5 per MWh
Housing crisis: Two-thirds of £4.2bn government homes fund remains untouched January 3, 2024 More than two-thirds of a government fund aimed at creating thousands of new homes in the UK remains unspent, despite launching over six years ago.
Like it or not, but we won’t get to net zero without oil and gas December 21, 2023 We must move towards a fully green energy system, but we can't get there without oil and gas, writes Stuart Payne
The ‘biggest climate law ever’? What CBAM means for the UK December 19, 2023 “The biggest climate law ever in Europe, and some say in the world,” Peter Liese, lead negotiator for the European Parliament said. In reference to the Paris Agreement? Europe’s New Green Deal? Biden’s IRA? Nope – Liese was describing the carbon border adjustment mechanism, known to nerds by the catchy acronym CBAM. This wonkish-sounding legislation [...]
Renewable infrastructure investment trusts are facing a perfect storm, but what’s next for the sector? December 18, 2023 Green stocks are still out of fashion - but they’re vital to Britain’s net zero ambitions comments Morning Wire's energy editor Rhodri Morgan.
It’s not all banking and dealmaking, charity’s big business in the Square Mile too December 18, 2023 Philanthropy is at the heart of the City, we shouldn't play it down, writes Lord Mayor Michael Mainelli
We need green jobs for our economy, but nobody knows what they are December 6, 2023 Brits know there's an opportunity in green jobs, but they don't know what they actually are or how to get them, writes Praful Nargund.
If we keep building new offices from the ground up, we will miss our climate goals November 27, 2023 Due to the emissions caused by new builds, the City Corporation is now moving towards a “retrofit first” approach, where reuse and refurbishment of existing buildings, structure and materials must be given serious consideration.
It would be senseless to delay a tax supported by greenies and the steel industry November 16, 2023 Implausible though it sounds, businesses in Britain are clamouring for a new tax this Autumn Statement. Even more unlikely, both heavy industry and environmentalists are aligned in wanting it. That’s right, the unsexily-titled carbon border adjustment mechanism (which parades around the punchy acronym CBAM) has managed a feat few thought possible: the union of greenies [...]
Why investors are sounding the alarm on Sunak’s climate U-turn September 21, 2023 Rishi Sunak’s move to ditch a host of key climate policies will have a chilling effect on the flow of cash into the country as the US presses ahead with sweeping green subsidies, top investors have warned.