Put energy efficiency ahead of gas bill bailouts7 Jun 2022 11:17
The head of the Confederation of British Industry (CBI) has called on the Government to upgrade the UK’s leaky housing stock rather than spending billions on massive energy bills every year.
Director-general Tony Danker said that the UK will need to invest around £5.2 billion every year until 2035 to properly insulate its homes, which lose heat faster than any in Europe.
Russia has been hit with intensifying sanctions since it invaded Ukraine — but Moscow could still rake in $800 million a day from oil and gas revenue this year amid soaring energy prices, according to a Bloomberg Economics report last week. The gains in energy prices could bring sales of Russian oil and gas to $285 billion this year, Bloomberg forecasts. That's 20% higher than the country's $235.6 billion takings from oil and gas in 2021.
Sweden bans issuing new fossil fuel extraction permits5 Jun 2022 22:40
‘We must take actions against activities that have negative impact on our health, our environment,' says environment minister. Speaking at an event marking World Environment Day in the capital Stockholm on Sunday, Environment Minister Annika Strandhall said the decision has been taken to protect people and planet. She went on to say that those who accelerate the transition towards renewables will be "winners in the global race."
Sunak’s tax relief ‘could create 899 million tonnes of CO25 Jun 2022 22:35
Dozens of prospective fossil fuel projects in the UK that qualify for Rishi Sunak’s tax relief on oil and gas could together pump up to 899 million tonnes of greenhouse gases into the atmosphere, analysis shows.
Shell Gets Green Light To Develop Jackdaw Gas Field3 Jun 2022 11:37
Shell Plc won official consent to develop the Jackdaw natural gas field in the UK’s North Sea, eight months after the country’s regulator blocked the project on environmental concerns.
Austria’s hydrogen strategy slams heating, transport use3 Jun 2022 11:25
The Austrian government has now joined the club of countries that have presented a hydrogen strategy. Vienna will aim for significant electrolysis capacity, replacing fossil hydrogen by 2030 and stringent usage prioritisation.
Hyundai to Build Korea’s First Electrolysis Hydrogen Production Plant3 Jun 2022 11:16
Hyundai Engineering & Construction (Hyundai E&C) has been selected as the winner of a water electrolysis-based hydrogen production base construction project promoted by the Ministry of Trade, Industry and Energy, the company announced on June 2.
Cumbria homes not ready for heat pumps1 Jun 2022 12:43
"When asked about an alternative solution, three-quarters (72%) of technicians said they would prefer the government focused on renewable liquid fuels, such as Hydrotreated Vegetable Oil (HVO), for off-grid homes. More than 100 oil heated homes have already converted to the sustainably sourced fuel and cut emissions by 88% as part of a demonstration.