Tag: energy

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Reaping the wind turbines: the little town in the Great Dividing Range split by green energy plan

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In the small town of Nundle, a story of rural change is playing out. The picturesque little New England town of 289 people, nestled in the Great Dividing Range, has traditionally relied on farming and increasingly tou...

Expect 18 more months of rising energy bills, UK householders warned

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The head of Scottish Power has said Britain’s gas crisis will keep driving energy bills higher until 2023, and could leave only five or six of the strongest suppliers standing. Keith Anderson, chief executive of Scott...

Fears global energy crisis could lead to famine in vulnerable countries

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The global energy crisis could escalate into a world food crisis leading to famine in vulnerable countries unless urgent action is taken, one of the world’s biggest producers of fertiliser has warned. Svein Tore Holse...

Britain’s energy supply is in crisis, and I can tell you why

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I take no pleasure in saying to Ofgem, “I told you so.” Thanks to a perfect storm in the energy sector, many suppliers have been failing. But with all storms, you can see the clouds building first. Utility Point, the ...

Drax dropped from index of green energy firms amid biomass doubts

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Drax has been booted from an investment index of clean energy companies as doubts over the sustainability of its wood-burning power plant begin to mount within the financial sector. The FTSE 100 energy giant, which ha...

Goto Energy becomes 16th UK supplier to go bust this year

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Goto Energy has become the latest of a series of gas and electricity suppliers to go bust as the sector struggles to cope with record high gas prices. The collapse of the Kent-based renewable energy supplier, which wa...

Coal-state Democrat set to scupper Biden clean energy plans

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President Joe Biden is likely to abandon a clean energy programme that was the centrepiece of his efforts to tackle greenhouse gas emissions at home, US media reported, because of opposition from a swing-vote Democrat...

UK poised to confirm funding for mini nuclear reactors for carbon-free energy

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The government is poised to approve funding for a fleet of Rolls-Royce mini nuclear reactors that the prime minister hopes will help the UK reach his target of zero-carbon electricity by 2035. A consortium led by the ...

Energy crisis reignites demand for oil, threatening climate targets, says IEA

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The worldwide energy crisis has reignited demand for oil, posing a threat to the world’s climate ambitions and the global economic recovery from Covid-19, according to the International Energy Agency. The global energ...

Claims that Russia is using energy as a weapon is nonsense, says Putin – video

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President Vladimir Putin says Russia is ready to provide more gas to Europe if requested, emphatically rejecting the suggestion that Moscow is squeezing supplies for political motives. European gas prices have hit rec...

EU energy official says bloc must end reliance on foreign fossil fuels

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Russia’s failure to boost short-term supplies to ease Europe’s energy price shock shows why the EU needs to wean itself off foreign fossil fuels and scale up renewables, the bloc’s top energy official has said. Kadri ...

Global energy crisis: how key countries are responding

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Global energy markets are facing the perfect storm. Demand for energy shot up after China and other major economies began to recover from the pandemic. In Europe, a cold winter depleted gas reserves, while a long spel...

EU considers natural gas purchase in response to surging energy prices

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The EU is considering joint purchase of natural gas in response to the energy price surge that has sent household bills and industrial costs soaring across the continent. One idea being floated by the European Commiss...

Energy crisis: UK government will only support firms on brink of closure

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Heavy industry struggling with surging energy costs will only get support if they can prove they have been pushed to the brink of closure, Whitehall sources have said, as industry leaders warned that the package sound...

Britain’s energy crisis is spiralling – but all we get is a spat between ministers

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The clock is ticking, and the threat to livelihoods could not be clearer. Yet despite warnings from major manufacturing industries that they’re days away from having to shut down factories due to the spiralling cost o...

No 10 backs Kwasi Kwarteng in Treasury spat over energy prices

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No 10 has weighed in behind Kwasi Kwarteng, the business secretary, in his spat with the chancellor, saying both of their government departments are looking at how to support firms struggling with soaring energy price...

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