Cameron Parish, Louisiana, was once a charming collection of coastal towns known for its thriving shrimping industry and breathtaking night skies, shared James Hiatt. Hiatt, who resides in nearby Lake Charles, often visits Cameron to be closer to the Gulf. He fondly recalls a time when the population was 1,500, and the town boasted amenities …
Rishi Sunak is on the brink of reversing the ban on constructing new onshore wind farms in order to quell a rebellion by Conservative MPs, according to exclusive information obtained by The Telegraph. Proposed changes to planning regulations will empower local councils to approve the construction of wind turbines if there is widespread public support. …
In 2022, the International Monetary Fund (IMF) estimated that subsidies amounted to $270 billion in China, $129 billion in Saudi Arabia, $43 billion in Germany, $19 billion in the UK, $18 billion in France, and $3 billion in the US. Although prices have decreased from last year’s peak, they remain higher than pre-war levels, exerting …
Jonathan Brearley, the CEO of Ofgem, has expressed concern about the challenges people are facing in terms of the rising cost of living, and he cannot provide any assurance that the situation will improve this winter. Dr. Craig Lowrey, a consultant at Cornwall Insight, an energy analysis firm, argues that the slight decrease in the …
If you’re curious about how your credit balance changes over time, Octopus Energy has developed a “balance forecaster.” This tool provides insights for customers, helping them determine whether their monthly energy payments are too high or too low. By starting with a £150 monthly payment, a typical household will have a balance of nearly £500 …
Labour has announced its commitment to achieving clean energy by 2030 and claims that the Conservative ban on onshore wind has resulted in a significant loss of capacity. It also stated that energy-intensive industries have suffered a loss of 11,000 jobs in the past eight years. In contrast, Chancellor Rishi Sunak recently stated that the …
BP has announced its first-half profits of $7.6bn, which is a significant decrease from last year’s $14.7bn. These numbers reflect the impact of the Ukraine war, which caused oil and gas prices to skyrocket during the same period last year. Despite the decrease, BP remains confident in its performance and the outlook for its cash …
Chris O’Shea, the CEO of Centrica’s parent company, British Gas, has defended the company’s large profits, claiming they are an isolated incident. He argues that British Gas cannot be accused of profiteering, as its profit margins are smaller than those of supermarkets, standing at around 2%. O’Shea highlights that the company plans to invest £4 …
DESNZ, under the leadership of Grant Shapps, the Energy Security Secretary, has expressed support for National Grid’s comprehensive plans for radical planning reform. These plans aim to expedite the construction of additional overhead cables and pylons, reducing the current seven-year waiting period typically required for formal consent. However, the proposals put forward by DESNZ are …
The creation of the UK’s Green Investment Bank (GIB) in 2012 was a smart and successful approach to driving the growth of the renewable energy industry. However, it was too small in scale. The GIB played a crucial role in attracting co-investment and private capital into early-stage renewables, fostering diversification and building confidence in emerging …