Government reforms its flagship renewables scheme as it looks to boost investment
The UK government has set out a reform to its contracts for difference scheme as it hopes will drive investment in the country’s renwables sector.
UK Government
Miliband fears ‘boulevard of broken dreams’ from UK Gov ‘Green Day’ plans
The UK Gov announcement - currently slated to take place in Aberdeen, though that could change - is expected to include plans on CCS and the windfall tax.
Warning for offshore wind workforce as immigration rules come to an end
The UK is a world leader in offshore wind and the sector is expected to create 800,000 jobs by 2030, however, who will fill those roles?
Back to work budget’s omission of IR35 ‘smacks of irony’
Chancellor Jeremy Hunt’s Spring Budget focussed heavily on getting people into work, however, glossing over the issue of IR35 reforms “smacks of irony”.
Harbour Energy eyes $40 million savings per year from Aberdeen job cuts
Harbour Energy CEO Linda Cook talks job cuts, EPL and whether the firm would move its listing out of London.
North Sea windfall tax could hit Ithaca’s Cambo FID timeline, according to reports
The UK's fiscal landscape means a final investment decision (FID) on the controversial West of Shetland Cambo project could be kicked down the road.
M&A expert brands UK ‘one of the most unstable’ economies for doing energy deals
There are claims Westminster’s fiscal interventions have made the UK “one of the most unstable economies” for energy investments.
UK green energy sector ‘in the balance’ with ‘multi-billion pound’ projects at risk
Westminster’s intervention in the electricity market risks “mothballing a series of multi-billion pound” green energy projects, a major investor has warned.
Potentially ‘over 300’ unexplored North Sea discoveries at risk due to windfall tax uncertainty
Hundreds of North Sea oil and gas discoveries could be abandoned as companies battle with uncertain headwinds.
UK could save over £100bn by focussing 100% on renewables, report claims
The UK could save “well over £100 billion” on the road to net zero by pursuing a “100% renewable energy mix”, according to a new report.
Labour turns up the heat on Rosebank oilfield
Labour has urged the new UK business secretary to shut down the Rosebank oilfield before it begins production.
Millions of pounds of green investment at risk due to generator windfall tax, says trade body
It is feared millions of pounds worth of renewables investments are at risk as a result of the controversial electricity generator levy (EGL).
UK has just five years to secure green manufacturing investment – think tank
The UK has five years to secure investment in green industries or risk missing out forever, a think tank has warned.
R&D spend relief increase a boost to UK’s energy transition, says expert
An innovation expert has welcomed a move to up the incentive for big business to spend on R&D, saying it could be a boon in the UK’s quest to be a leader in the energy transition.
Treasury takings from oil and gas could hit all time high in 2023-24
Prolonged high oil and gas prices and the new windfall tax mean the UK Government could soon set a new record for tax receipts from the sector.
‘Pie in the sky’ to say fossil fuels not part of energy transition – Sunak
Rishi Sunak said it is "pie in the sky" to pretend fossil fuels will not be part of the UK's transition to low carbon sources.
UK Government to join Global Offshore Wind Alliance
The UK is poised to join a coalition committed to accelerating the deployment of offshore wind worldwide.
New questions arise on decom fate for controversial Shell Brent legs
Fresh questions have risen on whether Shell will be allowed to leave the huge legs of the Brent field in the North Sea.
Grant Shapps named as Secretary for Business and Energy
MP for Welwyn Hatfield and former Home Secretary, Grant Shapps, has been named Secretary of State for Business Energy and Industrial Strategy in Rishi Sunak's cabinet.
Good news for Acorn as UK Gov pledges to accelerate ‘Track 2’ of CCS process
A government minister has pledged to accelerate the second phase of the UK’s carbon capture and storage (CCS) rollout.
Rishi Sunak to become prime minister after winning Tory leadership race
Rishi Sunak has been confirmed as the new Tory leader and will become Britain’s next prime minister.
A quitter not a fighter: Liz Truss steps down as Prime Minister after only 44 days
Prime Minister Liz Truss has resigned as prime minister after facing an open revolt from her MPs, following a tumultuous 24 hours.
UK Gov rolling out new powers to uncouple price of gas and renewables
Westminster is rolling out new powers in a bid to severe the link between the price of gas and renewables.
UK expands Kwarteng’s energy price cap to cover more businesses
The UK Government has expanded its energy subsidy program for businesses to cover contracts signed as far back as December last year.
Liz Truss opposes solar panels on farmland, Downing Street says
Liz Truss opposes the installation of solar panels on productive agricultural lands, Downing Street has said, amid reports that ministers are seeking to restrict the development of solar projects on farms in England.