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Energy economy
Belgium
People Rally in Belgium to Protest Soaring Cost of Fuel, Food
More than 70,000 people rallied in Belgium’s capital Brussels on Monday in a protest against the soaring cost of guel and food.
Ofgem Sets Out Tougher Rules for Energy Suppliers to Protect Customers
Credit balances are used by some firms like an interest free company credit card, Ofgem’s boss has said
Russian Federation
Enel Offloads Its Russian Assets for €137M
The company is forecasting a hit of approximately €1.3 billion on net income.
United Kingdom
UK’s Ofgem Proposes New Rules to Protect Customers Amid Soaring Energy Prices
Britain's energy regulator on Monday proposed new measures to protect consumers' money and prevent energy suppliers from charging high direct debit payments, a …
Ireland
Ireland’s Energy Poverty Breaks New Record
The number of fuel poor households surpassed that recorded 28 years ago, according to a report.
BP Buys 40.5% Stake in Asian Renewable Energy Hub
The multi-billion dollar investment at Pilbara, western Australia, will produce around 1.6mn tonnes of green hydrogen at full capacity.
United States
U.S. Sustainable Funds Mark Rare Outflow in May
Investors in May pulled $3.5 billion from U.S. mutual funds using environmental, social and governance (ESG) factors, researcher Morningstar Inc said on Thursda…
United Kingdom
UK ‘Paid £5.1BN for Russian Gas, Oil and Coal in 2021’
The UK spent £5.1 billion on Russian energy imports in the year to April 2022.
Germany
Germany Pumps €10BN Into Gazprom Germania
The German Government has confirmed it will put the company into long-term administration
Natural Gas
Ukraine’s Largest Gas Company Secures €300M Loan
The funding will help the company secure gas stocks for the winter.
$75M Green Basket Bond for Green Projects Across Africa
British International Investment, the UK’s development finance institution, has subscribed to a $75 million Green Basket Bond arranged by Symbiotics, an emergi…
Energy Transition
Seven Countries to Share €2.4BN EU Funding to Accelerate Green Transition
It will support measures to reduce emissions in energy, industry and transport in Romania, Czechia, Poland, Lithuania, Hungary, Slovakia and Croatia, as well as…
CCS
DOE Injects $39M R&D Funding Into ‘Buildings as Carbon Storage’ Projects
The US Department of Energy (DOE) has announced $39 million in awards for 18 projects seeking to develop technologies that can transform buildings into net carb…
Hydrogen Production
TotalEnergies to Buy 25% Stake in India’s Adani New Industries in Green Push
French energy major TotalEnergies will buy a 25% stake in Adani New Industries Ltd, as part of a deal with Adani Enterprises Ltd to develop the world's biggest …
TotalEnergies to Splash Out $850 Million on Angola Project
French energy giant TotalEnergies and its partners have made a final investment decision on an $850 million project offshore Angola as part of their plans to fu…
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