Oil and gas giant BP confirmed it more than doubled its annual profit in 2022 to £23 billion ($27.7 billion), up from the £10.6 billion ($12.8 billion) witnessed in 2021, owing to soaring oil and gas prices. The profits witnessed by BP across 2022 have been propelled by soaring oil and gas costs amid the
The Government is to launch a new Department for Energy Security and Net Zero, Prime Minister Rishi Sunak has today announced. This new department will be led by Grant Shapps who will become the first Secretary of State for the new Department for Energy Security & Net Zero. It is one of four new
RenewableUK has confirmed that across the entirety of 2022, only two small onshore wind turbines had been developed across England despite a “record-breaking” year for offshore wind. (Image: Needpix.com) According to analysis via RenewableUK’s EnergyPulse data analysts, a total of just over 3.5GW of new wind capacity had been installed in 2022. Of
Five energy trade associations have written a joint letter to the Chancellor Jeremy Hunt, calling on him to offer a more competitive capital allowance regime in the upcoming Spring Budget to incentivise investments in the UKs renewable industry. The chief executives of Scottish Renewables, RenewableUK, Solar Energy UK, Energy UK and the Nuclear
Scotland's new £900 million battery storage facilities will boost resilience during down periods, the Scottish Cabinet Secretary for Net Zero, Energy and Transport has said. Michael Matheson hailed Amp Energy’s plans to establish Europe’s largest green energy storage complex across three sites in Scotland, with the first in Ayrshire. “Amp Energy’s battery storage facility
Just two onshore wind turbines were installed in England last year, as the industry awaits pledged planning reforms for new projects. Overall, just ten new onshore wind projects were installed in 2022 across the UK, according to new research published by trade body Renewable UK. This boosted onshore wind generation by 318MW, powering a further
The European Commission has released its Green Deal Industrial Plan based upon four pillars aimed at scaling up domestic manufacturing capacity for net-zero technologies. The plan – which was first announced during the World Economic Forum in Davos earlier this year – will be based on four pillars: a predictable and simplified regulatory environment,
More money needs to be spent on projects such as climate-proofing infrastructure like railways and roads, improving flood defences and increasing drainage, says the climate adaptation committee. The risks of heatwaves, droughts, flooding and failing critical infrastructure are increasing in the UK due to global warming, but the government has been too slow in acting
Recent events have highlighted the folly of over-reliance on imported oil and gas. However, it’s important that we don’t lose sight of this knowledge so that it disappears once priorities change, like a passing fad. A long-term commitment to a transition away from fossil fuels is necessary. More than half of the UK’s energy
An advantage of buying solar panels is that you will purchase less power from the grid, giving you lower tariffs, a huge plus when electricity prices are high. As wholesale gas and electricity costs remain at historic highs for millions of Britons, the boss of a solar energy company firm has told Express.co.uk that installing panels can slash your bill in half