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...Dowden is also expected to shift a number of other civil servants to Wales and enlarge the business department outpost in Darlington in north-east England, where the Treasury also has a significant presence...
...Liam Mallon, head of ExxonMobil’s upstream business, said that the “brutal reality” was that the world was “not yet at a point where the big customers are willing to pay for the cost of this new energy and...
...round of bids for projects in New England....
...US President Joe Biden’s landmark climate law, the Inflation Reduction Act, which included lucrative tax credits for clean energy, is a big draw factor, as well as the availability of cheap natural gas,...
...Taxing LNG for decarbonisation Energy majors have been keen to position liquefied natural gas as a “transition fuel” which can be used as a cleaner alternative to coal as countries develop lower carbon...
...Cadent runs about half of the UK’s eight local gas distribution networks, providing gas to 11mn homes and businesses in North West and East England, the Midlands and north London....
...Nevertheless, EDF’s record on delivery could make prospective investors wary....
...In 2022, the green financing ratio for North American banks averaged 0.6, according to Bloomberg New Energy Finance (BNEF)....
...Meanwhile, the hot news among energy traders yesterday was that the respected head of Shell’s giant liquefied natural gas trading business, Steve Hill, is leaving the business after eight years....
...England that has been in place since 2015....
...Yet while Skidmore’s departure opened an opportunity for Labour in Kingswood, the party’s position on North Sea oil and gas production and wider energy policy is coming under growing scrutiny as it gets...
...Hydrogen does not produce carbon dioxide emissions when burnt, so is being eyed as a potential replacement for natural gas....
...Europe’s third-largest pension fund has sold €2.8bn of its holdings in oil groups including Shell, BP and TotalEnergies because they were not doing enough to produce credible plans for the clean energy transition...
...Uber reported its first full year of operating profits, thanks to strong demand for ride-hailing, deliveries and a growing advertising business....
...as natural gas....
...Hardi notes that, as a director with her own team, she was already doing much of what the course covered....
...The North American fossil fuel sector is undergoing a wave of transactions tied to changes in the energy mix, with companies placing their bets on the relative values of oil, natural gas or clean power....
...They said Origin should be able to fund its energy transition as an independent company....
...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....
...Business was booming, with his project developers operating at full pelt and a bulging pipeline of new work. Yet investors had dumped the stock, wiping billions of dollars off the company’s valuation....
...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....
...Dominion Energy, one of the US’s biggest utilities, has agreed to sell its natural gas distribution business to Canadian pipeline giant Enbridge in a $14bn deal that highlights momentous shifts taking place...
...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....
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