Other News

The inner courtyard at the H.M. Treasury building sits in London U.K., on Wednesday, Nov. 25, 2015. U.K. 10-year bond yields approached their lowest level this month before Osborne's Spending Review, with investors weighing the implications for gilt issuance from a possible increase in the government's cash needs. Photographer: Luke MacGregor/Bloomberg

UK government departments row over state aid for nuclear power

Senior Treasury officials opposed to direct state subsidies are set to clash with government ministers over supporting the multibillion pound development of a new generation of nuclear power plants. With Britain’s coal-fired power stations being phased out and existing nuclear power plants reaching the end of their lives, the government […]

Trans-Alaska pipeline

Is Keystone really needed?

Canada’s oil industry has started an intense debate over the need for pipeline expansion as investors rush to get the Keystone XL project off the ground. “Canada’s energy future relies on our ability to get Canadian oil and gas to the people who need it,” Tim McMillan, president and CEO […]

Image #: 22174823    An exploratory well drills for oil in the Monterey Shale, California, April 29, 2013. The vast Monterey shale formation is estimated by the U.S. Energy Information Administration to hold 15 billion barrels of technically recoverable oil, or four times that of the Bakken formation centered on North Dakota. Most of that oil is not economically retrievable except by hydraulic fracturing, or fracking, a production-boosting technique in which large amounts of water, sand and chemicals are injected into shale formations to force hydrocarbon fuels to the surface.   REUTERS/Lucy Nicholson (UNITED STATES - Tags: ENERGY BUSINESS TPX IMAGES OF THE DAY)       REUTERS /LUCY NICHOLSON /LANDOV

Oil prices set to fall, expert warns

Global oil prices may be set to fall again, a leading energy analyst has warned. Leonardo Maugeri of Harvard University, who in 2012 predicted a glut in oil supplies and a steep fall in prices, has warned in a new paper that there is again a prospect that the market […]

Donald Trump vows to boost coal mining in the USA

Donald Trump vows to boost coal mining in the USA

US President Donald Trump has revealed that new executive actions to boost the country’s coal mining industry are in the planning stages. “As we speak we are preparing new executive actions to save our coal industry and to save our wonderful coal miners from continuing to be put out of […]

UK Businesses paid millions to switch off the lights

UK Businesses paid millions to switch off the lights

The UK Government is being forced to pay millions to businesses that agree to cut their energy use when national supplies are running low. Companies across the country will be paid a total of £14 million to shut down 312MW of capacity which is the equivalent power supply for 16,000 […]

IEA: “significant role” for fossil fuels for decades to come

IEA: “significant role” for fossil fuels for decades to come

Fossil fuels will still play a “significant role” in the world’s energy mix for decades to come, experts have said. Keisuke Sadamori from the IEA said that “We expect that the fossil fuels in all types will play a significant role to the year 2040. “Regarding coal generation already today […]

CHONGQING, CHINA - MARCH 1: (CHINA OUT) A worker monitors a furnace dumping steel waters at a plant of Chongqing Iron and Steel (Group) Co., Ltd. on March 1, 2007 in Chongqing Municipality, China. Chongqing Steel will relocate from the city's central to its suburbs by 2012 in line with a government strategy to move manufacturing out of the major cities, according to state media. The relocation program, to start in this May, is environmentally motivated as 50 per cent of city's pollution comes from the Chongqing Steel plants. This move is costing 24 billion yuan (about US$ 3.1 billion). (Photo by China Photos/Getty Images)

Industry facing higher costs due to climate change policies

Energy-intensive businesses such as steel and cement producers face higher costs due to climate policies, according to a report from the Committee on Climate Change. The admission comes as it was also revealed that the policies are forcing many British businesses to pay up to 30 per cent more for […]

Experts call for nuclear and carbon capture and storage to help cut emissions

Experts call for nuclear and carbon capture and storage to help cut emissions

A new publication has advocated the need for nuclear, and carbon capture and storage (CCS) to cut global emissions in a more cost-effective way than pursuing renewables alone. The research review commissioned by the Energy Innovation Reform Project, a Washington DC- based non-profit organisation, examines the best route to the […]