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...As well as selling down its gas transmission stake, National Grid last year paid £7.8bn for Western Power Distribution, Britain’s largest electricity distribution network....
...In January, Macquarie, alongside the British Columbia Investment Management Corporation, bought a 60 per cent stake in the 7,660km gas distribution network in the UK, with ambitious plans to convert them...
...The EU is set to import record volumes of liquefied natural gas from Russia this year, despite aiming for the bloc to wean itself off Russian fossil fuels by 2027....
...Chris Campbell Welcome to Datawatch — regular readers of the print edition of the Financial Times might recognise it from its weekday home on the front page....
...Corporation tax is a tax on investment not on shareholders, corporation tax revenue should be reduced to zero....
...Inflation is forecast to reach 18 per cent, fuel bills are rising inexorably and colossal backlogs in the NHS are causing unusually high excess deaths....
...“Of course, there have been setbacks, with the privatisation talks of [fuel retailer Bharat Petroleum Corporation Ltd, or BPCL] stalling, for example,” she said, adding, however, that the government has...
...Jagjit Chadha, director of the National Institute of Economic and Social Research (NIESR): It will be a very difficult year for households, particularly those at the lower end of the income distribution....
...I think you should have growth and you should have fair distribution of wealth. And I think that’s the economy we should be trying to build....
...By 1977, Nasa was claiming that space-based solar power could replace fossil fuels....
...But while Johnson may be determined to plough on, Alastair Campbell, Tony Blair’s media chief at the time of Britain’s last fuel crisis in 2000, says the danger for Johnson is that his agenda is simply overwhelmed...
...EQT Corporation, the US’s largest natural gas producer, said it was buying privately owned Alta Resources for $2.9bn, as it continues to stitch together a dominant position in the Marcellus’ gas-rich fields...
...The UK utility has been reducing its exposure to gas since 2016, when it started selling off stakes in its former gas distribution business, now called Cadent....
...As part of the WPD deal, National Grid sold Narragansett Electric Company, its Rhode Island gas and electricity business, to PPL Corporation....
...Current production is 100,000 barrels a day, almost all offshore, but this could rise to 600,000 b/d within a month as National Oil Corporation, the state company, brings big fields back on stream, according...
...gas regulations damage the profitability of the project....
...Power points Mustafa Sanalla, head of Libya’s National Oil Corporation, told the FT that “some regional countries” — a reference to the United Arab Emirates and Saudi Arabia — were stymying efforts to end...
...“Changes to the tax structure will be a very important supportive element, but we need a national infrastructure strategy as well,” says Lord Stern. “Carbon pricing is a key element....
...Peter Campbell in London 90....
...In several landmark cases over the past decade, judges sided with the oil companies, including one key ruling that corporations cannot be held liable for their greenhouse gas emissions in federal court....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...It also lacks an adequate fuel distribution and retailing system which, arguably, will take foreign investment and expertise....
...“Companies will be cautious about raising shareholder distributions and investment too quickly,” said Mr Ellacott....
...Nigeria needs to monetise its natural resources and better exploit its gas reserves to make the economy more robust, says one Nigerian National Petroleum Corporation official....
...This would create a continuous source of clean power across national borders....
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