Politics

Continuing criticism of Scottish Government’s energy company proposal

Continuing criticism of Scottish Government’s energy company proposal

The Scottish government’s proposal of a publicly owned energy company has been roundly criticised in an article in The Scotsman. The piece highlighted the failure of nationally owned institutions previously to create the value for customers that the First Minister, Nicola Sturgeon, has promised with this utility. The piece’s author, […]

Scotland's First Minister Nicola Sturgeon waves from the royal box on centre court before the men's singles final match on the last day of the 2016 Wimbledon Championships at The All England Lawn Tennis Club in Wimbledon, southwest London, on July 10, 2016. / AFP / GLYN KIRK / RESTRICTED TO EDITORIAL USE        (Photo credit should read GLYN KIRK/AFP/Getty Images)

Mounting criticism of Scottish government’s public energy company

Criticism has been mounting against Nicola Sturgeon’s plan to launch a publicly owned energy company. The criticism has come from a variety of fields including energy, economics and politics. An energy economist at the university of Dundee, Dr Ariel Bergmann, said the scheme meant risk for customers. He said: “The […]

UK financial watchdog lobbying for Aramco IPO

UK financial watchdog lobbying for Aramco IPO

The head of the UK’s financial watchdog has admitted having meetings with Saudi Aramco over the potential IPO on the London stock market. Andrew Bailey, chief executive of the Financial Conduct Authority (FCA) said: “We can confirm that we held conversations with Saudi Aramco and their advisers in light of […]

Concerns UK government carbon capture investment is not enough

Concerns UK government carbon capture investment is not enough

The new UK government’s clean growth strategy has included investment in carbon capture. Carbon Capture has been highlighted as essential if the world is to reach its emission reduction targets under the Paris Agreement. The UK Climate Minister Claire Perry has described the technology as “vital”. The Internatipnal Energy Agency […]

Move away from coal has led to soaring energy costs

Move away from coal has led to soaring energy costs

The attempt to move away from coal fired power in Australia has lead to the current situation of soaring energy prices, a business leader has said. Despite having abundant coal and gas, Australia has the highest electricity prices in the world. There have been attempts recently to restrict new modern […]

ABERDEEN, SCOTLAND - OCTOBER 17:  First Minister of Scotland Nicola Sturgeon  acknowledges applause following  her keynote speech at the 81st annual SNP conference at the Aberdeen Exhibition and Conference Centre on October 17, 2015 in Aberdeen, Scotland.  During her address to delegates, Nicola Sturgeon announced a pledge to build a new network of NHS treatment centres and more financial support for carers if the SNP wins next year's Holyrood elections.  (Photo by Jeff J Mitchell/Getty Images)

Scotland to have public renewable company – First Minister

The First Minister of Scotland has proposed a nationally owned energy utility company to bring prices down. Speaking at the SNP conference, Nicola Sturgeon, the First Minister, followed up on the SNP manifesto promise to introduce a publically owned renewable energy company in an attempt to lower bills. This comes […]

Secretary General warns of global supply crunch

Secretary General warns of global supply crunch

The secretary general of OPEC has warned of the consequences of a global oil supply crunch. Speaking to a commodities summit, Mohammad Sanusi Barkindom, the secretary general said: “This is particularly evident when we look at investment. While investments are expected to pick up slightly this year and in 2018, […]

The dangers of divestment – Financial Times

The dangers of divestment – Financial Times

The Financial Times has warned of the economic and social consequences of a premature end to the use of fossil fuels. The piece in the globally respected publication highlighted the vital role of fossil fuels in an array of different industries. Without fuel, for example, farm machinery would not be […]