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Government considering such a move over state-owned firm set up by Labour in June’s spending review, say reportsBusiness live – latest updatesThe UK government is reportedly weighing up the possibility of cutting planned funding for GB Energy, the stat…
Murray Auchincloss paid £5.4m in 2024 as oil company ditched green investment strategyBP cut the pay of its chief executive after a chastening year in which the British oil company missed profit targets and ditched its green investment strategy as it c…
Fossil fuel groups poured a record $96m into Trump in 2023-24, demanding more scrutiny, not less, says Sheldon WhitehouseThe Republican party’s seizure of the Senate and House of Representatives has ended a congressional investigation into big oil just…
Gas and oil industry cautiously welcomes government proposals that could ease tax burden on sectorThe UK government has unveiled proposals that could ease the tax burden on the offshore oil and gas sector but confirmed that it would also ban new drilli…
Europe is on high alert after a series of outages to cables and pipelines. This visual guide explains what happened and what’s being done Continue reading…
US-based activists sneak ad in journal promising to mitigate ‘reputational risks’ of investing in liquefied natural gasDon’t let a billionaire’s algorithm control what you read. Download our free app to get trusted reportingThe latest issue of the trad…
CEO Murray Auchincloss says ‘fundamental reset’ will mean cut of more than £4bn to low-carbon investment planBP has abandoned its green ambitions in favour of ramping up fossil fuel production as its boss claimed that optimism over the pace of the gree…
Ofgem’s bigger than expected £111 rise is third consecutive increase in energy price capBusiness live – latest updatesMillions of homes will face higher than expected energy bills from April after the industry regulator said its price cap would rise by…
Exclusive: Union concerned over safety as site’s bosses say budget does not cover work plannedSellafield has said nearly £3bn in new funding is “not enough” and bosses are now examining swingeing cuts, prompting fears over jobs and safety at the vast n…
Goal of increasing renewable energy generation 20-fold to be ditched, shareholders to be told this weekBP is expected to ditch a target to ramp up renewable energy generation by 2030 as part of a shift back towards fossil fuels when it presents its str…