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HomeUK

UK

Finance

UK Windfall Tax Here To Stay Despite Energy Sector Overhaul

August 3, 2023 Mariel Alumit

Via OilPrice.com, The UK government’s latest energy announcements include pledges for carbon capture and storage and the release of more oil and gas licenses in the North Sea, but they do not signal a reversal […]

nuclear
Energy Transition

UK Energy Firms Meet Shapps to Discuss Security and Net Zero

August 2, 2023 Mariel Alumit

Focus on renewables, nuclear power, North Sea oil and gas Includes laws to protect key infrastructure from Just Stop Oil Britain’s energy industry will sit down with Energy Security Secretary Grant Shapps on Wednesday to discuss energy […]

Ford
Climate Crisis

Ford Fears a World on Fire Will Throw Up Its Hands on Climate

August 2, 2023 Mariel Alumit

When Ford Motor Co.’s UK boss visited the automaker’s massive production complex in Turkey last week, temperatures reached as high as 41C (106F). Back home, one topic was dominating the headlines: whether Prime Minister Rishi Sunak ought to relax his […]

Billionaire
Crude Oil News

Billionaire investor threatens to pull out of UK amid global outcry at new oil rush

August 2, 2023 Mariel Alumit

The billionaire Australian mining tycoon and investor Andrew Forrest has led international condemnation of the UK’s new oil rush, saying he would pull his major investment from the country if the prime minister pursued “clickbait” fossil fuel […]

Octopus
International News

Octopus Energy to Invest $20B in Offshore Wind by 2030

July 25, 2023 Mariel Alumit

The United Kingdom’s Octopus Energy Generation said it plans to invest $20 billion (GBP 15 billion) in offshore wind projects by 2030, it said in a news release Monday. The company, which currently manages $7.7 […]

Aljazeera International

Actor Kevin Spacey tells UK jury he did not commit sexual assault

July 13, 2023 Mariel Alumit

Hollywood star Kevin Spacey has denied committing any sexual assaults as he took the stand in a British court to give his account of incidents prosecutors have alleged were criminal offences. The two-time Oscar winner […]

Coal
Coal

Which Countries Are Most Reliant on Coal?

July 13, 2023 Mariel Alumit

Which Countries Are Most Reliant on Coal? Global energy policies and discussions in recent years have been focused on the importance of decarbonizing the energy system in the transition to net zero. However, despite efforts […]

Europe
Energy Crisis

COLUMN-High prices keep lid on Europe’s industrial gas use: Kemp

July 12, 2023 Mariel Alumit

LONDON, July 11 (Reuters) – Europe’s gas consumption has fallen by 10% to 15% compared with the decade before Russia’s invasion of Ukraine as high prices enforce sharp cuts, especially by energy-intensive industries. Total consumption in the […]

Shell
Exploration and Production

Shell CEO Dreams of Leaving UK for Greener (Profitable) Pastures in the US

July 10, 2023 Mariel Alumit

In a truly heartwarming display of corporate compassion, Wael Sawan, the CEO of Shell, has openly mused about the possibility of abandoning the UK to make even more money elsewhere. It seems that pesky ‘windfall’ […]

Europe
Climate Crisis

Is Europe going cold on Net Zero?

July 7, 2023 Mariel Alumit

When the EU passed its landmark climate policy in April, it was heralded as the bloc’s most ambitious to date. Under the new terms, emissions are to be slashed by 62% from 2005 levels before 2030, […]

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