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FCA will look at allegation the biomass power station misled investors, and Whitehall, about its wood sourcingDrax shares plunge after FCA launches investigationThe financial watchdog’s decision to investigate the sustainability claims made by the owne…
FCA inquiry into biomass power station relates to disclosures and transparency over two-year periodAnalysis: Latest Drax inquiry will raise fresh questions about its billions in subsidiesBusiness live – latest updatesThe power generator Drax has reveal…
Typical annual bill to increase by just over £35 to £1,755 from October when Ofgem raises government price cap by 2%Business live – latest updatesEnergy bills will rise more than expected for millions of British households this autumn as a result of th…
Shares drop by 18% after stop-work order on $1.5bn project off Rhode Island, which was 80% completeShares in Ørsted hit an all-time low on Monday after the Trump administration ordered Europe’s largest wind power company to stop work on a near complete…
Hungary’s foreign minister claims missile strike on energy infrastructure is ‘another attempt to drag us into war’Ukraine has hit a key pumping station on the Druzhba oil pipeline bringing fuel to Europe from Russia, knocking out supplies to Hungary an…
Exclusive: Lib Dem leader says giving Tesla a foothold in Britain’s energy market could be national security riskElon Musk’s company, Tesla, should have its application to supply energy to UK homes blocked on national security grounds, Ed Davey has tol…
Administrator was appointed after parent company State Oil was given new information about £783m loan The Prax Lindsey oil refinery collapsed after “material irregularities” were discovered in a complex £783m loan facility that funded the wider group, …
Residents cite pollution, loss of fishing and diminished tax revenue as liquefied natural gas production for export acceleratesThis story was originally published by Floodlight, a non-profit newsroom that investigates the powers stalling climate action…
US energy secretary said energy prices could hurt GOP in midterms, but blamed Democrats for price increasesUS politics live – latest updatesHousehold electricity bills have increased by 10% since Donald Trump re-entered the White House, a new report ha…
Beate Gangås says attack in April by Norway’s ‘dangerous neighbour’ aimed to cause fear and chaosEurope live – latest updatesRussian hackers took control of a Norwegian dam this year, opening a floodgate and allowing water to flow unnoticed for four ho…