Shell 3Q earnings double, stir debate on energy profit tax

LONDON (AP) — Shell’s earnings more than doubled in the third quarter, fueling the debate over taxes on energy producers’ windfall profits as they have benefited from high oil and natural gas prices following Russia’s invasion of Ukraine. Adjusted earnings,…

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Why Is UK Going Bankrupt?

In the simplest of words, Murphy’s law says, if anything has to go wrong it will. The United Kingdom (UK) is a perfect example of this adage, who are now going through a perfect storm. Whatever can go wrong in…

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UK business leaders: Corporate climate action top priority despite economic

The worrying market response to the Treasury’s ‘mini-Budget’ over the past week compounded by the continuing energy crisis are set to have a direct impact on the pace and scale of the UK’s journey to net zero, several top business…

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RWE Doubles U.S. Renewables Footprint in $6.8B Blockbuster Deal with

New York’s largest utility, Consolidated Edison Inc., plans to sell its clean energy businesses to the U.S. arm of German conglomerate RWE AG for $6.8 billion.  ConEd, as it is better known, agreed to sell ConEd Clean Energy Business Inc. (CEB), and three related business units to RWE Renewables Americas LLC. The transaction is expected…

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Big Green’s climate goals inconsistent with economic growth

 NY Post: The world is waking up to the fact the climate-policy goal of achieving “net-zero” CO2 emissions brings crippling economic pain. Fossil-fuel prices shot up 26% across industrialized economies last year and will rise globally by another 50% this…

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Government to spend £1.5bn on UK home efficiency upgrades ahead

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World ‘nearing peak fossil fuel demand’ as wind and solar

The world is nearing a “tipping point”, at which we will hit peak fossil fuel power generation, and all future demand is met by renewables, particularly wind and solar power, new analysis shows. According to energy think tank Ember, which…

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Solar to benefit from £1

Solar to benefit from £1.5 billion BEIS boost to support energy efficiency in homes. Image: BEIS. The Department for Business, Energy and Industrial Strategy (BEIS) is providing £1.5 billion to improve the energy efficiency of 130,000 low-income households across the…

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Shell advances into African renewables space with acquisition of Daystar

Shell, a British multinational oil and gas company, has expanded its presence in Africa’s emerging power market through the acquisition of Daystar Power, a West African provider of hybrid solar power solutions to commercial and industrial (C&I) businesses  Shell will…

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Energy price increases ‘set to heighten cost of living pressures’

Energy price increases set to take effect in Northern Ireland will “heighten the cost-of-living pressures” people are facing, the Consumer Council says. It comes as Budget Energy, Click Energy, Electric Ireland, Firmus Energy, and SSE Airtricity all raise their prices…

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