55 m. ago Transition to renewables taking longer than thought, senior BP figure tells MPs

Louise Kingham said ‘clarity’ from the UK Government is needed to unlock investment in the North Sea as she reaffirmed BP’s commitment to net zero.

Politics

2 h. ago BP takes the axe to investment in green energy in "shocking" strategy U

Rethink comes five years after BP set ambitious targets to cut production of oil and gas by 40% by 2030

Events

3 h. ago BP takes the axe to investment in renewables in huge strategy U

Rethink comes five years after BP set some of the most ambitious targets among large oil companies to cut production of oil and gas by 40% by 2030

Politics

13 h. ago Chile hit by major blackout, leaving millions without electricity

State of emergency and overnight curfew declared after blackout strands commuters and knocks out traffic lightsAuthorities in Chile have declared a state of emergency and overnight curfew after a sweeping blackout stranded commuters, knocked out traffic lights, paralyzed countless businesses and left millions of people in the South American country without electricity.The National Electrical Coordinator, Chile’s grid operator, said a disruption had occurred in a high-voltage transmission line that carries power from the Atacama Desert of northern Chile to the capital of Santiago in the country’s central valley. Continue reading...

Events

47 h. ago BP expected to scrap renewables target in shift back to fossil fuels

Goal of increasing renewable energy generation 20-fold to be ditched, shareholders to be told this weekBP is expected to ditch a target to ramp up renewable energy generation by 2030 as part of a shift back towards fossil fuels when it presents its strategy to investors this week.The chief executive, Murray Auchincloss, is poised to tell shareholders that the oil and gas company is scrapping its target to increase renewable generation 20-fold between 2019 and 2030 to 50 gigawatts, Reuters reported. Continue reading...

Events

50 h. ago National Grid agrees sale of US onshore renewables operation for £1.37bn

The FTSE 100-listed energy infrastructure group, which runs much of Britain's electricity grid, is selling off parts of its portfolio to help fund investment plans

Economics

52 h. ago FTSE 100 Live 24 February: Just Eat backs £3.4bn takeover, B&M profit downgrade as boss quits

Just Eat Takeaway.com is set to be bought by a Dutch technology investor in a deal worth around £3.4 billion.

Economics

52 h. ago Brookfield buys National Grid’s renewables business in US for $1.7bn

Asset manager upbeat on sector despite Donald Trump’s anti-green agenda

Economics