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Chemicals company says disruption from Ukraine war, rising costs and inflation will continue this yearThe German chemicals company BASF has said it will cut 2,600 jobs as Europe’s largest economy braces for recession triggered by the energy crisis that…
International Energy Agency says efforts to replace Russian gas successful but warns against overconfidenceThe head of the International Energy Agency has warned that the “energy battle” between Europe and Russia is not over, despite a sharp drop in wh…
Long-awaited scheme aims to cut costs for 300 firms in energy-intensive sectors such as steel and chemicalsMinisters have moved to level the playing field on energy costs between British manufacturers and their European competitors after years of conce…
Renewable energy generator said underlying group profits were helped by windy conditions last yearProfits for ScottishPower, the renewable energy generator, were improved by windy conditions last year – but the supplier took a hit as Britons cut back o…
Firm’s owner says closure of coking ovens is down to global economic challenges and rising energy billsBritish Steel is closing the coking ovens at its Scunthorpe works with the loss of 260 jobs, as the UK steel industry struggles amid high energy pric…
Report finds four new offshore depots would emit around three times what the entire US emits each year, pushing world closer to climate catastropheJoe Biden’s administration has been urged not to sink its own climate goals by approving an unprecedented…
Watchdog says energy firms should pay compensation before end of review into practice which charities say hits vulnerable mostOfgem has told energy suppliers to rip out prepayment meters which have been wrongly forcibly fitted and pay compensation now,…
Conflict came on top of our over-reliance on gas, says Energy and Climate Intelligence UnitThe UK’s over-reliance on gas has been blamed for pushing up bills as it emerged that the energy crisis stemming from the war in Ukraine had cost the equivalent …
Nearly 2m energy support vouchers worth £125m in total either lost, delayed or unclaimedNearly a quarter of energy vouchers, designed to help the most vulnerable households with their gas and electricity bills, still have not been redeemed, according t…
Exclusive: Ukrainian economic adviser urges energy firms to heed deadline to halt trade of ‘Russian-origin oil products’Oil company Shell and energy trader Vitol have been accused of prolonging the war in Ukraine by exploiting a “loophole” in the EU sa…