8 Rivers sets out four technology aces to bridge carbon gap
“If you needed to redesign all industrial systems such that they inherently capture CO2, at the lowest cost possible, how would you do it?”
Inflation Reduction Act (IRA)
From Washington to Westminster: the weight of choices in US elections
The outcome of the US elections will not only shape US domestic policy but will also have far-reaching implications for international relationships, particularly for us in the UK.
A Trump win puts $1 Trillion in US energy investments at risk
A victory by Republican Donald Trump in the US presidential election threatens $1 trillion in energy investments and future support for low-carbon energy sources, according to a Wood Mackenzie report.
Australia plans IRA-style act to drive green manufacturing tilt
Australian Prime Minister Anthony Albanese plans an Inflation Reduction Act-style program to stimulate green manufacturing industries and drive his nation’s economy beyond its traditional minerals extraction base while bolstering economic security.
Miliband calls out government failures, pledges just transition
The government is guilty of “sluggish decision making”, Ed Miliband, shadow Secretary of State for Energy Security and Net Zero, said this morning, setting out some plans for a change of pace under a potential Labour administration.
Jim Ratcliffe: Europe’s chemicals sector risks ‘sleepwaking’ into job losses
Sir Jim Ratcliffe, one of Britain's richest men, has launched a scathing attack on Europe's chemicals policies.
EU industry calls for green shift help to keep up with China, US
The heads of major industrial companies want the European Union to cut energy costs and the regulatory burden of green rules to help the region stay competitive as the energy transition accelerates.
Europe wary of clean-tech protectionism on green-transition cost
The European Union is shying away from further measures to protect its embattled clean-tech industry from cheap Chinese imports over concerns it could make it harder to source key components and raise the cost of the green transition.
EU risks escalating spat with farmers, business over climate
The European Union issued its most ambitious climate roadmap just as the bloc is facing severe headwinds from angry farmers and an ailing industrial base increasingly alarmed about the high costs of a rapid green transition.
Global clean energy spending surges to $1.8 trillion. It’s not enough
Global spending on the clean energy transition hit record highs as the world moves to rein in climate change, but it’s still not enough to get on track to net-zero emissions.
North Sea boss calls for new licences to be issued until 2035
Francesco Mazzagatti called for the UK to develop a more coherent energy transition policy inclusive of oil and gas producers.
BlackRock invests $550mn in Occidental carbon capture
“This joint venture demonstrates that direct air capture is becoming an investable technology, and BlackRock’s commitment in Stratos underscores its importance and potential for the world,” Chief Executive Officer Vicki Hollub said in the statement.
UK minister fires into US’ IRA for protectionism
“With our European neighbours we could have a pipeline of green hydrogen to provide a clean fuel stock to German industry and coming back the other way carbon to the UK [for storage],” he said.
Hydrogen has a part to play, argues ABB exec
Blue hydrogen is around half the price of green, he noted, after normalising for incentives and penalties. “The models show then that green hydrogen takes over, at around a decade out.”
Hedge fund boss slams hydrogen bets as ‘complete waste of time’
Hydrogen is a losing bet for investors interested in making money in the foreseeable future, according to Barry Norris, the founder and chief investment officer of UK hedge fund Argonaut Capital Partners.
Podcast: Offshore Europe, IRA and OilyFans
It’s almost upon us! No, not Xmas - Offshore Europe is arriving in Aberdeen. The team talk projections of £50m economic value for the city and give their tourism tips for the north-east.
US grid shortfall undermines bold renewable energy plans
Cerasoli said the FERC rules were a good start. “The next problem, though, is that the grid is not going to be large enough to cope with the expansion of power, it needs to be upgraded,” he said.
US takes the lead in the energy transition but scale, cost cannot be ignored
“Government funding is phenomenal but it will have to be repaid. The headwind will be the realisation that the energy transition will cost a lot of money,” DeCotis said. “We have to communicate, though, that the cost of doing nothing is higher.”
Sunak announces ‘Atlantic Declaration’ to boost UK-US ties after Biden talks
Rishi Sunak and Joe Biden have agreed a new partnership to bolster economic security in response to China's growing influence.
Chancellor unveils govt’s green technology scheme with swipe at Joe Biden
Chancellor Jeremy Hunt unveiled the first step of the Government's response to the US' multibillion-dollar investment in green technology with a swipe at Joe Biden.
UK must learn ‘urgent lessons’ to avoid losing global green race, says thinktank
The UK is being left behind in the race to develop and deploy green technologies because of an unwillingness to invest in its industrial strategy, a leading thinktank has said.
UK in talks with US to limit damage from wave of green subsidies
The British government is in talks with the United States and European Union to prevent potential trade barriers from harming its position in the green-energy race.
US’ IRA major pull for Topsoe’s energy transition interest
The challenge over the next 10 years will be in scaling up SAF production. Green hydrogen production is relatively niche, as yet. “A lack of green power and electrolysis capacity, this will not make a dent” in the projected SAF demand.
Shell would ‘think twice’ about investment in the UK
Shell (LON: SHEL) CEO Wael Sawan has warned that the US is more attractive for investment than the firm’s home base of the UK.
Commissioning Egypt Green seeks to seize hydrogen advantage
Fertiglobe has begun commissioning the first phase of its Egypt Green hydrogen plant in a high-profile ceremony involving Egyptian President Abdel Fattah El-Sisi.