Good Energy repels Ecotricity in shareholder showdown February 11, 2022 Good Energy Group has fended off attempts from activist investor Ecotricity to oust its chairman and prevent the supplier from selling generation assets.
Exclusive: The City’s hydrogen authority on Jeff Bezos’ first nuclear fusion plant in Britain February 11, 2022 Tower 42-based Gavin Watson, generally considered the City’s go-to lawyer for hydrogen projects, recently advised on the launch of a Jeff Bezos-backed, UK-first nuclear fusion plant, which uses hydrogen as an input. Given the growing investor interest in this gas and Boris Johnson’s claim that he intends for Britain to become the ‘Qatar of hydrogen’, time [...]
Windfall tax plans rubbished by economists after oil giant’s losses last year February 9, 2022 Economists and BP's boss rejected calls yesterday for a windfall tax on energy giant announced healthy profits.
Essar unveils £45m plans to build UK’s first refinery-based hydrogen furnace February 9, 2022 Essar Oil UK (EOUK) will install a new £45m furnace capable of using hydrogen as its fuel source at its plant in North West England.
Windfall tax looming: BP may end up in firing line if it reports expected 30-fold increase in profits February 7, 2022 Oil giant British Petroleum could end up in the firing line when it reports this week what analysts expect might be a more than 30-fold increase in its profit in the closing months of last year. The oil giant is expected to report an underlying replacement cost profit – its preferred measure – of around [...]
Centrica chief executive named as chairman of Spirit Energy in management shake-up February 2, 2022 Centrica's chief executive Chris O'Shea has been named chairman of Spirit Energy's board, with the energy firm shaking up its senior team.
UK windfarms generate record amount of electricity from Storm Malik January 30, 2022 Windfarms across the country providing a record amount of renewable electricity over the weekend as Storm Malik hammered parts of England and Scotland.
Octopus Energy faces £100m blow from market meltdown January 29, 2022 Octopus has warned it is facing a hefty bill from the energy crisis, as it absorbs the impact of the price cap and soaring wholesale costs.
HSBC pushes further into Saudi Arabia: Canary Wharf approves $10bn loan so mass polluter Saudi Aramco can expand January 27, 2022 HSBC is in line to finance a $10bn revolving credit facility to one of the world’s biggest polluters, the Saudi Arabian Oil Company, or Saudi Aramco, despite the bank’s commitment to ‘Net Zero emissions by 2050’. HSBC’s latest venture in the Middle Eastern kingdom, in partnership with Standard Chartered, is likely to draw scrutiny from [...]
Scotland boosts renewable goals with £700m auction for offshore wind projects January 17, 2022 ScotWind has raised hundreds of millions from an auction of seabed plots for offshore wind projects, boosting its net zero ambitions.