Hurricane Energy-backer Kerogen Capital invests in UK geothermal firm
Geothermal Engineering Limited (GEL) has secured £12 million in funding from private-equity energy specialist firm Kerogen Capital.
Energy Transition
‘Out of touch’: Activists hit out at Shell’s oversight role for North Sea transition
Activists have hit out at a Shell boss being given joint oversight with the regulator for the North Sea industry energy transition.
Deutsche Bank’s climate plans still too modest despite coal update
Deutsche Bank (ETR:DBK) has tightened its policy for coal investing but campaigners warned “it fails the key litmus test of climate credibility”.
Energy Security highest priority in the trilemma, report finds
Concerns surrounding energy security have been found to be higher on the list of priorities than clean and affordable energy for firms globally.
BP CEO says more oil and gas investment is good for the climate fight
As the sound of climate protesters reverberated through the conference room, BP (LON: BP) Chief Executive Officer Bernard Looney made the case that investment in more oil and gas is crucial for the transition away from those very fuels.
BP ends publication of ‘bad PR’ World Energy Review after 70 years
BP (LON: BP) has decided to end the publication of its statistical review of world energy after 70 years.
UK will speed up grid connections to boost clean power capacity
The UK’s grid operator will reform the way power generators apply to connect to the system to make it easier and faster to ramp up renewable capacity.
Fossil fuel subsidies hit all-time high of over $1 trillion in 2022
Fossil fuel subsidies reached an all-time high of over $1 trillion in 2022, driven by rushed responses to rising energy costs.
Taiwan commits to net-zero by 2050
Taiwanese President Tsai Ing-wen last week signed a major climate change law that introduces a net-zero carbon target for 2050 and a carbon fee system for large emitters.
Beyond hydrogen: green ammonia to drive energy transition in hard-to-abate sectors
Green ammonia could be an alternative solution to hydrogen to decarbonise hard-to-abate sectors. Kim Hedegaard, chief executive of Power-to-X, Topsoe, explains why it should be deployed at scale.