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Energy
400 public bodies spend £4.3bn on energy
A total of 400 public sector organisations spent £4.3 billion on energy from April 2023 to March 2024, an increase from £3.7 billion the year before.Box Power CIC has published its latest report on public sector energy costs, revealing…
U.S. will fall behind in the AI race without natural gas, Williams
Alan Armstrong, chief executive officer of Williams Cos., speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Wednesday, March 20, 2024. F. Carter Smith | Bloomberg | Getty ImagesThe U.S. will fall behind…
Ofgem probes energy giants over smart meters
Ofgem has initiated compliance engagement with British Gas, EDF, E.ON, Octopus, OVO and ScottishPower regarding their smart meter obligations.The investigation aims to ensure these companies are installing the required number of smart…
Trump Bitcoin Conference fundraiser tickets top out at $844,600 for
Former U.S. President and Republican presidential candidate Donald Trump attends a campaign event in Philadelphia, Pennsylvania, U.S., June 22, 2024. Shannon Stapleton | ReutersFormer President Donald Trump will headline a campaign…
Mercedes races towards net zero finish line
The Mercedes Formula One (F1) team has achieved significant reductions in emissions with ambitious targets for the future, according to its sustainability report.Their sustainability report details a 10% overall reduction in 2023, as…
WTI holds after inventories fall
U.S. oil futures on Thursday held to gains after jumping 2.6% in the previous session as crude inventories fell for the third week in a row.U.S. commercial crude inventories fell by 4.9 million barrels last week, though gasoline stocks…
King’s Speech ‘takes brakes off’ Great British Energy
The Labour Government has unveiled its legislative blueprint for Great British Energy, the UK’s publicly owned energy company pivotal to achieving the ‘2030 net zero grid target’.Today, His Majesty The King has announced the government’s…
Here’s the inflation breakdown for June 2024 — in one chart
David Paul Morris/Bloomberg via Getty ImagesInflation fell further in June as lower gasoline prices combined with other easing price pressures to bring relief for consumers' wallets.The consumer price index, a key inflation gauge, rose…
OVO offers free solar panels to customers
Energy supplier OVO has launched a new reward scheme allowing customers to bank five free solar panels.The panels can be redeemed and installed when customers choose an OVO solar and battery package.This initiative is part of OVO’s…
WTI falls, snapping four-week winning streak
An offshore oil rig platform is photographed in Huntington Beach, California, U.S. July 4, 2024. Etienne Laurent | ReutersCrude oil futures fell on Friday, snapping a four-week winning streak as the recent rally lost momentum. Prices…