Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSpeedy Hire Share News (SDY)

Share Price Information for Speedy Hire (SDY)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 27.75
Bid: 27.70
Ask: 27.85
Change: 0.25 (0.91%)
Spread: 0.15 (0.542%)
Open: 27.50
High: 27.90
Low: 27.50
Prev. Close: 27.50
SDY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Diesel scrutiny shifts to London's building sites

Tue, 27th Sep 2016 09:00

* Diesel generators used on building sites

* Contributes to pollution linked to premature deaths

* Government says plans consultation on generation emissions

By Barbara Lewis

LONDON, Sept 27 (Reuters) - Volkswagen's admission it cheated pollution law has exposed a wider problemof diesel emissions from thousands of generators belching fumesacross building sites and countryside.

In London, where the pollution is aggravated by aconstruction boom, a firm that helped expose the extent of theVolkswagen scandal has shifted its attention to dieselgenerators and is working with city authorities and researchersfrom King's College London (KCL) to analyse the problem.

"It (the Volkswagen scandal) served to rip the lid off allthese related issues about engines," said Nick Molden, CEO ofEmissions Analytics, which helps automotive businesses raisetheir fuel efficiency and reduce emissions.

Since 2011, his firm has been collecting data from dieselcars by attaching measuring equipment to exhaust pipes todemonstrate the gap in emissions levels between driving on theroad and in the laboratory tests Volkswagen rigged usingsoftware known as defeat devices.

For 18 months, Emissions Analytics has also been measuringthe fumes from diesel generators needed at construction sites asmains electricity has to be cut off. Diesel is used as a quick,simple and cheap solution.

Molden said tests of an 8 kilowatt generator, smaller thanmany on construction sites, found it emitted roughly six timesmore nitrogen dioxide than the average London bus and 15 timesmore particulate matter per unit of work done.

There is no question of cheating regulations as new EuropeanUnion law on pollution limits for small generators has yet to bephased in.

Emissions vary depending on the size and age of generatorsand the research is ongoing to get more data.

"We have to have a greater understanding of these machines'generating emissions and how we can prevent them having anegative health impact," Daniel Marsh, senior air qualityanalyst at KCL, said.

PREMATURE DEATHS

Separate KCL research has concluded that nitrogen oxides andparticulate matter, or soot, from diesel cause around 9,500premature deaths annually in London.

For Europe as a whole, the estimate is 400,000 early deathsper year from asthma, cardiovascular disease and cancer.Research also suggests a link between diesel fumes and dementia.

Much of the pollution is from traffic, but construction sitemachinery accounts for an estimated 12 percent of soot and 15percent of nitrogen oxides pollution in London, city authoritiessay.

One of Britain's biggest firms hiring out diesel generatorsis Speedy, which is providing machinery for the researchand itself seeking to innovate.

It estimates there are tens of thousands of small generatorsacross Britain. Speedy hires out around 2,500, including 500 inthe London area.

The firm is working on improving hybrid generators, whichlike hybrid cars store energy as they generate, halvingemissions, and on cleaning fuel to make it less polluting.

Generators are also an issue in the countryside whereemergency backup generation on farmland is encouraged bygovernment subsidies.

The government, which plans a consultation on dieselgeneration, says it represents only about 1.5 percent of backupgenerating capacity.

"Our top priority is ensuring that families and businesseshave a secure, affordable and clean energy supply," a governmentspokeswoman said.

London's new mayor Sadiq Khan has made a priority ofreducing pollution in the city of around 8.6 million people andhas proposed levying an extra charge on the most pollutingvehicles entering the centre of town. (Editing by Adrian Croft)

More News
9 Oct 2020 13:05

Speedy Hire Says Revenue Improving As Activity Levels Increase

Speedy Hire Says Revenue Improving As Activity Levels Increase

Read more
10 Sep 2020 16:01

UK TRADING UPDATE SUMMARY: Prime People Hurt As Covid Hits Job Market

UK TRADING UPDATE SUMMARY: Prime People Hurt As Covid Hits Job Market

Read more
10 Sep 2020 08:02

Speedy Hire revenues grow as activity levels increase

(Sharecast News) - Tools and equipment hire group Speedy Hire said on Thursday that revenues had continued to improve over recent months as customers returned to work following Covid-19-related shutdowns and activity levels increased.

Read more
3 Sep 2020 16:06

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
27 Aug 2020 15:01

UK TRADING UPDATE SUMMARY: BATM Gets First Tier One NFVTime Customer

UK TRADING UPDATE SUMMARY: BATM Gets First Tier One NFVTime Customer

Read more
27 Aug 2020 08:01

Speedy Hire appoints James Bunn as CFO

(Sharecast News) - Tool and equipment hire company Speedy Hire has appointed James Bunn as chief financial officer with effect from 14 September.

Read more
23 Jun 2020 13:54

Speedy Hire revenues on track, despite write downs at training business

(Sharecast News) - Speedy Hire reported a jump in full-year revenues on Tuesday but saw profits dragged lower after it wrote down the value of its training business.

Read more
23 Jun 2020 11:06

Speedy Hire Annual Profit Falls On Impairment Of Speedy Training Unit

Speedy Hire Annual Profit Falls On Impairment Of Speedy Training Unit

Read more
8 Jun 2020 11:54

UK TRADING UPDATE SUMMARY: Oxford Biomedica Works On Covid-19 Vaccine

UK TRADING UPDATE SUMMARY: Oxford Biomedica Works On Covid-19 Vaccine

Read more
2 Jun 2020 16:13

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
12 May 2020 16:17

CORRECT: Macfarlane Predicts Drop In Second Quarter Demand

CORRECT: Macfarlane Predicts Drop In Second Quarter Demand

Read more
12 May 2020 13:21

UK TRADING UPDATE SUMMARY: Macfarlane Predicts 80% Drop In Demand

UK TRADING UPDATE SUMMARY: Macfarlane Predicts 80% Drop In Demand

Read more
9 Apr 2020 14:54

UK TRADING UPDATE SUMMARY: Naked Wines, Distil Get Bar-Closure Boost

UK TRADING UPDATE SUMMARY: Naked Wines, Distil Get Bar-Closure Boost

Read more
9 Apr 2020 08:06

Speedy Hire cutting costs, furloughing half of workforce

(Sharecast News) - Tools and equipment hire company Speedy Hire said on Thursday that it is cutting costs amid the coronavirus outbreak and furloughing around half of its workforce, but noted it has retained a "substantial" chunk of its revenues.

Read more
23 Mar 2020 14:26

Speedy Hire Annual Adjusted Pretax Profit To Miss Market Consensus

Speedy Hire Annual Adjusted Pretax Profit To Miss Market Consensus

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.