Economy

Which Businesses Are the Worst Hit by Soaring Energy Prices?

​Aviation, shipping and chemical industries will be the first to be hit hard by the soaring energy prices.

United Kingdom

UK ‘Urgently Considering’ to Extend Windfall Tax to Electricity Generators

Rishi Sunak has said there are “extraordinary profits” made in the electricity generation sector

Net Zero Emission

More Than 40 Asset Managers Circle 2050 Net Zero Target

These companies manage assets worth $16tn.

Germany

Germany to Introduce Bill to Accelerate Wind Energy Expansion

Germany's economy and climate ministry will present a package of measures to speed up the expansion of wind energy.

Canada

Canadian Solar to Sell 70% Stake in Two Solar Farms to SPIC

The projects cover an area of 2,200 hectares and will have a combined capacity of 738MW.

Germany

Germans Tackle Energy Crisis With €9-A-Month Transport Tickets

A new government scheme offers unlimited travel on all local and regional public transport

Net Zero Emission

Vital Energi Secures £72.3MN Decarbonisation Funding in UK

NHS trusts and law courts set to benefit from Vital Energi's decarbonisation funding from the UK's Department for Business Energy and Industrial Strategy.

Energy Security

UK Energy Services Firm Wood Sells Consulting Unit for $1.9BN

Canada-based firm WSP has bought the business.

Energy Investment

Crypto Power Usage Is Helping to Spur Renewable Energy Investments

Ever since cryptoassets first burst into the mainstream financial conversation there has been an ongoing debate around just how much power and energy are consum…

Net Zero Emission

US, Germany Propose India-G7 Partnership to Fund Decarbonisation

The United States and Germany, on behalf of the G7, have proposed setting up an India-G7 partnership to help fund and support India’s transition from a “fossi…

Net Zero Emission

COVID-19 Slows Progress Towards Global Energy Access, IEA Says

At the current rate of progress, 670 million people will remain without electricity in 2030.

Net Zero Emission

Australia Beefs up Investments in Bid to Meet Net Zero: Report

It is poised to make a $300m investment in CCUS projects in the next decade.

Nuclear Power Plant

Westinghouse Acquires Bhi Energy to Form Integrated Outage Business

US-based nuclear technology firm Westinghouse Electric Company has completed its acquisition of energy services provider BHI Energy.

Brazil

Biomass Beats Wind and Solar in Brazilian Power Bids for First Time in Low-Energy Tender

Just under 1GW of renewable capacity awarded in the South American country’s latest tender, which underlined impact of weak domestic economy and low power dema…

Energy Investment

Windfall Tax Threatens Oil and Gas Investment in North Sea, Says Shell

The energy giant has said the levy “creates uncertainty”