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Jeremy Hunt hopes suspending tax on oil profits if Brent crude falls below $71.40 a barrel will aid investmentJeremy Hunt has offered the North Sea oil and gas industry a ‘get-out’ clause from the windfall tax on fossil fuel profits if wholesale energy…
Government publishes total of support to homes and businesses between October and MarchThe UK’s cost of keeping energy bills down for homes and businesses over the winter months added up to almost £40bn, the first official government total shows.The Tr…
Seema Malhotra says party wants to see jobs transferred to green energy industries, not lostUK politics live – latest updatesThe North Sea oil and gas industry is in decline, a shadow business minister has said as she defended plans to block new drilli…
EDF and British Gas offer lower rates for small businesses trapped in fixed contractsEnergy companies are under growing pressure to allow thousands of struggling businesses to change their gas and electricity contracts after two major suppliers agreed …
Exclusive: UN conference president Sultan Al Jaber is also head of oil firm, which was consulted on how to respond to a media inquiryThe United Arab Emirates’ state oil company has been able to read emails to and from the Cop28 climate summit office an…
Thinktank says effective ban on planning permissions means country is way behind on much-needed renewable energyIt would take almost 4,700 years for England to build enough onshore windfarms to help meet the UK’s clean energy needs unless the governmen…
Bumper earnings for National Grid and M&S chiefs come as energy firms and supermarkets are accused of ‘greedflation’Companies at the centre of the cost of living crisis have paid millions to their chief executives as households struggle with soarin…
Sum follows Ofgem inquiry into firm’s power generation arm earning ‘excessive payments’ from National GridThe energy regulator has said the power generation arm of Scottish energy company SSE will pay a near-£10m penalty for breaching the terms of its …
Labour leader pledges to get stalled projects operational to boost energy security, cut costs and create jobsKeir Starmer has described nuclear power as a “critical part” of the UK’s energy mix and pledged to get stalled projects over the line, as Labo…
Exclusive: Labour pledge backed by 139 organisations including environmental groups, trade unions and Women’s InstituteLabour plans to ban North Sea oil production naive, says union leaderKeir Starmer’s promise to block new North Sea oil and gas explor…