G7 countries have agreed an immediate coordinated release of 100 million barrels of emergency petroleum reserves over four months, including a front-loaded diesel release within the first 20 days.
Charlotte Mercer · 3 min readPrime Minister Andy Burnham is to create Great British Grid, a new publicly owned body within Great British Energy intended to invest in electricity infrastructure and speed up grid connections.
Charlotte Mercer · 2 min readThe Government has announced £90 million for new and upgraded heat networks, saying more than 750,000 homes will benefit from cleaner and cheaper heating.
Charlotte Mercer · 4 min readIneos is suspending production at three chemical units in Hull, with Sir Jim Ratcliffe blaming high gas prices and carbon costs for making UK manufacturing uncompetitive.
Charlotte Mercer · 3 min readThe UK Government has pledged its full support to businesses connected with the Falkland Islands after Argentina submitted legislation designed to strengthen sanctions against companies, individuals, shareholders and suppliers.
Charlotte Mercer · 4 min readMPs have called for the Government to remove 'net zero' from the name of its energy department, arguing that the phrase has become a 'lightning rod' for opposition to climate action.
Charlotte Mercer · 3 min readThe Government has launched £30 million of Great British Energy funding for community-owned clean energy projects, the first wave of a programme worth up to £1 billion.
Charlotte Mercer · 3 min readThe UK and US have announced a major partnership combining artificial intelligence, advanced computing and fusion research as the Government targets more than 10,000 British fusion-sector jobs by 2030.
Charlotte Mercer · 3 min readThe National Audit Office has warned that households could face higher electricity bills unless Britain accelerates a £70 billion programme to upgrade the power grid, with congestion costs potentially reaching £7.8 billion a year by 2030.
Charlotte Mercer · 4 min readThe Burnham Government has launched a cross-government taskforce to examine greater public control across housing, water, energy and transport, while stressing that detailed ownership models and any nationalisation plans have not yet been decided.
Charlotte Mercer · 5 min readChancellor John Healey is reportedly considering windfall taxes on banks and oil companies as Treasury officials look for ways to plug an estimated £4.7bn gap in the public finances ahead of the October Budget.
Charlotte Mercer · 4 min readHousehold energy bills are set to rise again from October after Ofgem increased its price cap by 4% to £1,723, despite the Government removing VAT from domestic electricity.
Charlotte Mercer · 3 min readAndy Burnham's government is approaching a major decision on the Rosebank and Jackdaw North Sea developments as the final public consultation closes and ministers weigh climate effects against jobs and energy security.
Charlotte Mercer · 5 min readAndy Burnham has warned that Britain faces an acute wildfire threat while his government consults on potentially reducing the proportion of new cars that manufacturers must sell as zero-emission vehicles by 2030.
Charlotte Mercer · 3 min readBritain’s economy grew by 0.4% between April and June, but the Bank of England expects underlying growth to slow to around zero as renewed Middle East conflict, higher energy costs and Budget uncertainty test Andy Burnham’s new government.
Charlotte Mercer · 5 min readHouseholds within 500 metres of eligible new electricity transmission infrastructure could receive £250 a year off their electricity bills for ten years, with 43 expected projects named across England, Scotland and Wales.
Charlotte Mercer · 5 min readBP has launched a formal process to sell its UK North Sea oil and gas business, which operates five production hubs and employs around 1,100 people.
Charlotte Mercer · 5 min readShadow Energy Secretary Claire Coutinho has written to Energy Secretary Miatta Fahnbulleh urging her to investigate allegations made by whistleblowers about the National Energy System Operator (NESO).
Staff member · 2 min read