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July 17, 2025

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Energy industry

World’s biggest investment fund warns directors to tackle climate crisis or face sack

Norway’s sovereign wealth titan threatens to vote against boards on firms it holds investments with over lax climate and social targetsNorway’s sovereign wealth fund, the world’s single largest investor, has warned company directors it will vote agains…

February 3, 2023
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Ofgem warns suppliers over forcible installation of prepayment meters

Directive comes as energy minister expresses ‘horror’ at claims British Gas contractor allegedly broke into vulnerable customers’ homesThe energy minister has expressed “horror” at revelations about a British Gas contractor allegedly breaking into vuln…

February 3, 2023
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Energy regulator launches British Gas investigation over prepayment meters

Debt collectors allegedly broke into homes to fit meters despite signs of children and vulnerable people living thereThe energy regulator has launched an investigation into British Gas after it emerged that agents working on its behalf ignored customer…

February 2, 2023
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Labour renews call for ‘proper’ windfall tax as Shell declares record £32.2bn profit – UK politics live

As it happened: Prime minister speaks in interview on TalkTV to mark his 100th day in officeOn the subject of Rishi Sunak reaching his 100th day in office, my colleague Jessica Elgot has a great assessment of how it’s going. Here is an extract.After Li…

February 2, 2023
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Calls for bigger windfall tax after Shell makes ‘obscene’ $40bn profit

Sunak government under pressure after gas prices fuel ‘outrageous’ doubling of profits at Anglo-Dutch groupShell’s spending on renewables ‘a fraction of what it claims’Nearly 14,000 Nigerians sue over pollution impactThe government is under pressure to…

February 2, 2023
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‘This is greenwashing’: Shell accused of overstating renewable energy spending

Non-profit group Global Witness urges US regulator to investigate oil giant and potentially impose fines over apparent ‘mislabeling’Shell has misleadingly overstated how much it is spending on renewable energy and should be investigated and potentially…

February 1, 2023
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Octopus says it chose to ditch profit to keep energy bills down

Potential £9m profit dropped for £150m investment to shield consumers from price increases, says supplierOctopus Energy said it has decided against making its first ever annual profit after ploughing £150m into attempting to keep customers’ gas and ele…

February 1, 2023
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EU plans to loosen state aid rules to boost renewables investment

Proposed use of tax credits follows pressure to respond to Biden’s $369bn green subsidy scheme in USThe EU is stepping up its green subsidy race with the US through plans to loosen state aid rules on tax credits for renewable energy projects.European p…

January 30, 2023
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Global carbon emissions forecast cut due to Ukraine war and Biden, says BP

Oil and gas group says countries are pursuing energy security by backing domestic, renewable suppliesGlobal carbon emissions are expected to fall quicker than previously expected as a result of the war in Ukraine and Joe Biden’s efforts to encourage gr…

January 30, 2023
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Octopus Energy calls rivals ‘desperate’ in bitter court clash

British Gas, E.ON and Scottish Power demand scrutiny of process by which rival acquired collapsed BulbOctopus has labelled its rivals “desperate” while British Gas has claimed the energy supplier benefited from “hugely advantageous” terms in landing a …

January 27, 2023
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