Senate bill accelerates the end of wind and solar tax credits
Renewable energy advocates said that the latest version of the Senate’s massive budget bill, which the Senate will vote on as early as Saturday, deals a death blow to the use tax credits established since 2005 to encourage more wind and solar power.
EU approves Italian scheme to support energy-intensive industries
Italy's Energy Minister said that the European Commission had approved a scheme by the Italian government to support power-intensive industries as well as a green transition in Italy. Gilberto Pichetto-Fratin, in a press release…
UK-based Balfour Beatty awarded $1.14 billion contract to build new gas power plants
Technip Energies, a French energy company, awarded Balfour Beatty of Britain a contract worth 833 million pounds ($1.14 billion). The project involves the construction of a UK gas-fired power plant. Balfour Beatty announced that construction on the plant…
Polish President says that the government is trying to force him into signing wind farm laws
The government is trying to get the Polish president Andrzej duda to sign a law that will make it easier for wind farms to be built. This was done by adding a last minute amendment to legislation freezing power prices. The…
Draft document shows that heavy industries will get a price reduction on electricity under the new EU regulations
A draft of the new EU rules on state aid, which are due to be published by the European Commission on Wednesday, revealed that heavy industries would receive a temporary reduction in electricity prices. This is despite criticisms…
Wind supply surges to surpass demand
Early on Friday morning, spot electricity contracts for German and French power were not yet being traded. However, a significant increase in German wind energy supply is expected to eliminate any price pressure caused by rising German demand.
Metal industry group claims that new EU State Aid rules do not help
A metals industry group wrote a letter to the European Commission on Friday, saying that plans to overhaul state aid rules ignore heavy industry, which is critical for processing energy transition metals. They fail to mitigate energy costs…
Trump's budget cuts threaten U.S. jobs in renewable energy
By Carey L. Labor leaders claim that federal tax credits under the former president Joe Biden for green energy production and construction have created an influx of new jobs - inspiring young workers to participate in the U.S.
Financial Times - 2 June
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. BP has received early interest in its sale of Castrol, the lubricants division, from both private equity firms and other industry players…
Industry warns that high energy costs are a threat to the future of UK manufacturing
Make UK, an industry group, said that Britain must reduce its industrial energy bills which are among the highest in advanced economies to achieve its goal of a healthy manufacturing sector. The government of Keir starmer…
Italy's business lobby asks for state assistance over energy costs and US tariffs
The main Italian business lobby Confindustria demanded on Tuesday billions of euro in state aids to help companies cope with rising energy costs and the threat of U.S. tariffs. Emanuele orsini, the chairman of Confindustria in Bologna (northern Italy)…
US accelerates oil and gas land parcel review for federal leasing
Interior Department announced on Tuesday that the Trump administration would reduce the time required to review land parcels for oil and natural gas development on federal lands by half. The new process will take six months.
Total and Shell back out of carbon storage project in the Netherlands
AMSTERDAM (25 April) - After TotalEnergies & Shell retracted part of their planned investment, the Dutch government announced on Friday that it would invest 639 million euro ($726 millions) in the construction of the largest…
Norway's Yara trounces profit estimates despite rising gas costs, tariff concerns
Yara's shares rose 4.7% early in the morning trade after it reported a first-quarter core profit that was well above expectations. This was due to higher volumes and better margins. The company highlighted its ongoing cost reductions, as well as portfolio optimization.
Britain Emphasizes Collaboration on Energy Security at Global Summit
Britain urged closer international cooperation to improve energy security on Thursday, telling dozens of other governments and business leaders that they would otherwise be vulnerable to those who were willing to weaponise…
Bolivians tighten their belts after a new reality of inflation bites
Angelica Zapata, a Bolivian homemaker in La Paz's highland, is learning to accept a new reality of inflation. Prices are rising at their fastest rate in nearly two decades due to the shortages in fuel and dollars. Landlocked…
VEGOILS-Palm falls tracking weaker soyoil, crude oil prices
Malaysian palm futures declined on Monday for the third consecutive session. They were weighed down on lower soyoil prices and crude oil, while China's retaliatory duties on U.S. products raised fears of an international trade war.
Albanese, an Australian company, has pledged A$2.3 billion in order to assist homeowners with solar batteries
The Australian Prime Minister Anthony Albanese pledged A$2.3billion ($1.39billion) on Sunday to help homeowners purchase batteries to store solar energy and reduce their energy costs. This is a key issue for the 3 May general election.
Trump's tariffs have already been carved out in a significant way. Russell: Oil and gas
Energy commodities were excluded from the new tariffs announced by U.S. president Donald Trump. White House announced on Wednesday that the baseline of 10% for all imports into the United States and even higher for major…
UK invests $260 Million on solar panels for hospitals and schools
GB Energy, a state-owned firm, will be leading a 200 million pound ($260) solar panel project to benefit hospitals and schools in Britain, the country announced on Friday. This is the first investment made by the company since its establishment last year…
