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...But the sanctions against the company have created challenges for its role as Russia’s top oil exporter....
...The government is also planning to back several companies developing new types of miniaturised nuclear power plants, dubbed small modular reactors, with the first contracts expected to be awarded later this...
...Fossielvrij NL, a group that campaigned for PFZW to divest, said the action showed the pension fund “recognises that fossil fuel companies such as Shell and BP will not move away from their core business...
...Uber reported its first full year of operating profits, thanks to strong demand for ride-hailing, deliveries and a growing advertising business....
...It also linked up with Greece using a new connection and is building more cross-border capacities towards Serbia and Romania. “We’re doing pretty good,” Vassilev said....
...It expects its gas storage business to report a loss for the first half of the year as it stocks up, which would turn to profit when the gas is withdrawn during winter....
...UK as economic growth grinds to a halt Monetary policy: Bank of England faces its biggest inflation challenge since independence Living costs: Cabinet split on plan to cut UK food tariffs as grocery bills...
...gas prices....
...Energy giant Shell diluted its climate targets to allow its gas business to keep growing, even as it reaffirmed its intention to cut all emissions by 2050....
...A group of the world’s biggest oil and gas companies are expanding a satellite monitoring campaign to detect methane emissions in emerging economies after 26 large leaks of the planet-warming gas were found...
...“Very limited deliveries and very gradual ones.”...
...The International Energy Agency says there can be no new oil and gas projects if the world is to meet the 1.5C goal. Russia, among others, opposes the idea....
...as natural gas....
...BlackRock is the only US company blacklisted in Texas for allegedly shunning oil and gas companies with sustainable investing....
...As the US Federal Reserve, the European Central Bank and the Bank of England prepare for their final monetary policy meetings this year, speculation continues that the rate-lifting cycle that has dominated...
...Germany must act fast on nuclear fusion energy to grow its economy after renouncing the use of coal, nuclear power and Russian gas, according to the FT’s John Thornhill....
...Need to know: Global economy The world is at “the beginning of the end” of the fossil fuel era, according to the International Energy Agency, which has forecast that demand for oil, natural gas and coal...
...The British wanted to do business, the Germans wanted their gas, and so on and so forth....
...Doing so makes economic as well as moral sense....
...There was a big fall, as you said, that was almost all about lower energy prices. There’s gonna be another energy price fall pretty definitively in October....
...Together these factors contribute to what is known as the custo Brasil — the elevated cost of doing business in the country....
...This gives Wrathall’s business another extraction method by using the oil and gas industry’s drilling and fluid pumping techniques rather than traditional mining ones....
...Qatar’s gas revenues are likely to swell further. Gas is in increasing demand since last year’s energy crisis, triggered by Russia’s invasion of Ukraine....
...This has been your daily FT News Briefing. Make sure you check back tomorrow for the latest business news. [MUSIC PLAYING]...
...Oil and gas companies will have a windfall tax extended. If you travel business class in planes, your air passenger duty will go up. So a number of targeted tax rises....
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