Oil prices have plummeted after a meeting of Opec countries failed to come to an agreement on an output cap.
Continue ReadingCentrica Set to Cut Jobs and Prepares for Pay Row at AGM
Written by George Gangar in Energy Suppliers
Centrica, the group that owns British Gas, has said that it will be cutting around 3,000 jobs this year in order to reduce…
Continue ReadingThe Royal Bank of Scotland has cut worldwide investment loans to oil and gas companies in the past year, it has also doubled…
Continue ReadingSaudi Arabia to Invest $2tn in Move Away From Oil
Written by George Gangar in Climate Change Oil & Gas
The kingdom of Saudi Arabia is setting out plans to create a $2tn sovereign wealth fund. It will attempt to do this by…
Continue ReadingCuts to Green Subsidies Lead to Plummet in Solar Panels
Written by George Gangar in Government Policy Renewable Energy
Since the government cut green subsidies, the amount of household energy produced by solar power has fallen by 75% in the last two…
Continue ReadingInvestment in Clean Energy Now Double Gas and Coal
Written by George Gangar in Climate Change Renewable Energy
In what has become a record year for clean energy, total global investment in gas and coal-fired power stations dropped to less than…
Continue ReadingRockefeller Family Fund to Withdraw All Fossil Fuel Investment
Written by George Gangar in Climate Change Oil & Gas
One of the charitable funds of the Rockefeller family has announced that it will withdraw all of its investments from companies based in…
Continue ReadingTribunal to be Held Over “Secret” Hinkley Point Documents
Written by George Gangar in Nuclear Energy
The 18-month row over the real cost of Hinkley Point C looks set to reach crunch time in London.
Continue ReadingMonday saw oil prices drop by 3% on global markets after Iran delayed its plans to agree to a proposed production freeze.
Continue ReadingOne the biggest gas and electricity companies in the UK, Npower, is poised to announce around 2,500 job cuts both overseas and in…
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