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Climate change
US pushed behind scenes for approval of corporate carbon offset plan
...Officials involved in shaping a US clean-energy scheme to channel funds to developing countries made repeated requests to the leadership of the Science-Based Targets initiative over a period of more than...
April 21, 2024
UK politics
Energy security department to move civil servants to North Sea oil hub
...Officials at the energy security department said the decision to open the office in Aberdeen reflected the importance not only of oil producers but also the fast-growing offshore wind industry....
December 9, 2023
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
EU energy
Europe trails China and US after ‘monumental’ energy mistakes, IEA chief says
...Amund Vik, former Norwegian state secretary for energy and a senior adviser at the consultancy Eurasia Group, said it was “more difficult to do the energy transition without nuclear” as a consistent baseload...
April 14, 2024
UK energy
UK ministers must ‘move faster’ on net zero energy reforms, warns infrastructure tsar
...Armitt also called for “greater urgency” on developing areas where hydrogen can be stored at scale in his letter, which was sent to the chancellor and energy secretary Claire Coutinho last week....
February 26, 2024
Stephen Bush
Little good can come of Starmer’s green U-turn
...Now, they face a prime minister in Rishi Sunak who is busily and cheerily retreating from many of Johnson’s more ambitious pledges, and whose close ally and secretary of state for energy security and net...
February 9, 2024
Labour Party UK
Labour vows to be ‘laser-focused’ on net zero despite £28bn U-turn
...As energy secretary Miliband said he would seek to accelerate planning decisions for energy schemes and “ensure net zero is at the heart of all relevant regulators’ duties” to help reach the ambitious 2030...
February 27, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
LexESG investing
Asset managers’ green U-turn exposes energy transition cakeism Premium content
...One of the received tenets of the energy transition was that there was no trade-off between green investing and making money....
February 25, 2024
Rare earths
The rare earths mine becoming a bellwether for US minerals policy
...The US Department of Defense stores critical minerals in the National Defense Stockpile, but its value has dropped from $9bn in 1989 to less than $1bn, or below 0.3 per cent of annual demand globally, as...
April 21, 2024
US-China relations
Janet Yellen warns China against clean energy dumping
...US Treasury secretary Janet Yellen has warned China not to flood the world with cheap clean energy exports, saying they would distort global markets and harm workers....
March 27, 2024
News in-depthLabour Party UK
Labour’s green U-turn: how Starmer dropped £28bn ‘albatross’
...Barry Gardiner, who was shadow energy secretary under former Labour leader Jeremy Corbyn, called dropping the £28bn pledge “economically illiterate”....
February 8, 2024
News updates from March 18: Biden warns Rafah invasion would be ‘a mistake’; Nvidia unveils ‘superchip’
US energy secretary says LNG permit freeze should cease next year
...US energy secretary Jennifer Granholm told oil and gas executives on Monday that the White House freeze on liquefied natural gas terminal approvals will be “well in the rear-view mirror” by this time next...
March 18, 2024
Letter
Letter: What a new temple tells us about a ‘secular’ India
...In case there was any doubt about this, it should be laid to rest by what Nripendra Mishra (a former principal secretary to the prime minister) told the FT, that “every citizen of India” — and he goes on...
January 19, 2024
Foreign aid
Labour explores stopping ‘raids’ on UK overseas aid budget
...In addition to the Home Office, the Department of Health and Social Care and the Department for Energy Security and Net Zero have used ODA funds in recent years....
April 20, 2024
Labour Party UK
Labour set to ditch £28bn-a-year green investment target
...Sharon Graham, general secretary of the Unite union, said Starmer’s watering down of the GPP would “confirm workers’ scepticism of the endless promises of jam tomorrow”....
February 8, 2024
Transcript
Transcript: Will Labour’s green U-turn weaken Starmer?
...And then on the other side you have people like Ed Miliband, of course, energy spokesman, former leader; people like Louise Hague, shadow transport secretary, who were trying to cling on to this figure because...
February 9, 2024
FT Live
Future of Asset Management Asia
Optimising fund firm models for Asia’s ascent
Wednesday, 8 MayMarina View, #2 The Westin Singapore, SingaporeSingapore 018961, Singapore
News in-depthLabour Party UK
Labour’s political credibility questioned after green spending U-turn
...A state-owned energy company called GB Energy will cost a one-off £8.3bn and a £7.3bn “national wealth fund” will be set up to invest in the decarbonisation of heavy industry....
February 9, 2024
UK politics
Starmer slashes green spending pledge to £4.7bn in major U-turn
...Labour will retain two elements of the original green plan, a state-owned energy company called GB Energy, costing a one-off £8.3bn, and a £7.3bn “national wealth fund” to invest in the decarbonisation of...
February 8, 2024
Nuclear energy
UK nuclear watchdog takes Sellafield operator to court over alleged IT breaches
...Set up in 2005, the NDA is a non-departmental public body that reports to the Department for Energy Security and Net Zero....
March 28, 2024
Fortescue Metals Group Ltd
Fortescue chair slams Germany for U-turn on EU supply chain rules
...“I am a big supplier of raw materials and a backer of strategic changes [in European energy supply],” Forrest said. “If [Europe] adopts this law, then they’re going to stay competitive....
February 19, 2024
UK infrastructure
UK seeks to quell public anger on sewage with £11mn restoration fund
...Green campaign groups condemned the environment department announcement as being too small to make any meaningful difference to the degradation of water quality across the UK....
April 8, 2024
Energy Source
Unlocking the potential of superhot rocks Premium content
...“We need investment and we need people to get into this space,” Lauren Boyd, director of the geothermal technologies office at the US Department of Energy, told a room filled to the brim with members of...
March 21, 2024
Climate change
Scotland ditches 2030 climate target as being ‘out of reach’
...Douglas Lumsden, Scottish Conservative shadow secretary for net zero, energy and transport, described the move as an “abject humiliation” for an SNP-Green government that boasts about its “supposed environmental...
April 18, 2024
Energy Source
The ripple effects of the electric vehicle revolution Premium content
...Lawrence Summers, former Harvard president and ex-Treasury secretary, joined the advisory board of Palmetto, a clean energy technology company....
April 25, 2024
News updates from February 29: US PCE inflation falls to 2.4%, Putin warns of wider conflict over Ukraine
UK culture secretary vows to legislate for new football watchdog before next election
...UK culture secretary Lucy Frazer told the Financial Times Business of Football Summit on Thursday that her department was “making good progress” and that legislation would be brought to parliament “very...
February 29, 2024
Fatih Birol
Amid all the climate gloom, let’s not ignore the good news
...Together with the rapidly increasing investments going into battery manufacturing, this makes a U-turn away from them improbable and impractical....
March 21, 2024

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