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Energy regulator plans to tackle manoeuvre that has brought in millions of extra pounds for generatorsThe energy regulator Ofgem is preparing to crack down on UK power firms to prevent them “manipulating” the market with a manoeuvre that has bolstered …
Series of actions planned this spring as union members call for more pay since firms are ‘raking it’Oil and gas workers have voted in favour of a series of large-scale North Sea strikes amid bumper profits for fossil fuel firms.About 1,400 workers acro…
Campaigners say Will Gardiner’s pay rise comes from subsidies on energy bills paid for by public and accuse firm of greenwashingThe chief executive of the power station giant Drax, Britain’s biggest single source of carbon emissions, has seen his pay r…
Campaigners say chancellor is in the grip of the fossil fuel and nuclear lobbies and is ‘squandering taxpayers’ money’• Hunt U-turns on planned cut to energy bills support• What Hunt’s U-turn on energy bills support means for youJeremy Hunt has been ac…
Campaigners unite with suppliers to call on ministers to give long-term help to struggling householdsQ&A: what Hunt’s U-turn on energy bills support means for youMinisters are under pressure to announce plans for a social tariff to help Britons str…
Amnesty International hits out at ‘shocking’ annual figure reaped through fossil fuelSaudi Aramco has reported a record $161bn (£133bn) profit for 2022, the largest annual profit ever recorded by an oil and gas company, fuelled by soaring energy prices…
Boss of packaging firm DS Smith calls for clarity on government’s long-term plans to decarbonise energyThe UK should “level up” its investment in green technologies to match the US and the EU, according to the chief executive of FTSE 100 packaging comp…
National wealth fund is intended to pull in private investment and create thousands of new jobs in areas beyond the south-eastThe Labour party is planning to put the UK at the head of a worldwide green industrial revolution, with a massive US-style, pu…
‘Reset’ of clean energy policy, including small nuclear reactors, is response to Joe Biden’s Inflation Reduction ActThe chancellor is poised to announce a £20bn investment in technology to reduce Britain’s carbon emissions at next week’s budget, in a r…
Bernard Looney’s £10m pay package follows annual profits of £23bn linked to soaring gas prices sparked by Russia-Ukraine warA payout for the boss of BP has been labelled a “kick in the teeth” for consumers battling the cost of living crisis, as chief e…