As it happens: the global energy crisis
The world is facing an energy crisis, as wholesale gas prices rocket and countries struggle to recover from shortages post-pandemic.
Fossil
Recent events complicate the idea fossil fuels are more ‘reliable’ than renewables
Fossil fuel markets are becoming more unstable due to both geopolitics and the energy transition.
As it happens: the UK gas price and petrol crisis
UK utilities have reached breaking point as consistent rises in the wholesale price of gas...
Energy bills in the UK could rise as much as 30% in 2022
According to new research, energy bills in the UK could rise as much as 30%...
PV Power signs $1.4bn loan agreements for LNG power plants
The two plants are expected to become operational from the fourth quarter of next year.
IMF: fossil fuel industry the recipient of subsidies of $5.9tn per year
Analysis by the IMF has found that fossil fuels are still receiving subsidies of $5.9tn, equating to $11m per minute.
KKR to increase stake in Filipino power generation firm First Gen
KKR will acquire 262.9 million First Gen common shares and increase its ownership stake in the company to 19.9%.
China’s Zhejiang province receives coal shipment from Kazakhstan
The coal was imported by Zhejiang Energy Group amid rising power demand and decreasing coal inventories in the province.
Power crisis in India as coal demand outstrips supply
India is in the middle of a crisis, as authorities warn that the country’s coal-fired power plants are running dangerously low on coal.
China orders power companies to avoid blackouts at any cost
China’s ruling party has ordered power companies to secure winter power at any cost, after power rationing caused blackouts in several regions.
UK energy regulator warns against corporate looting during gas crisis
Ofgem said it would work with police to prosecute directors who cause “material worsening” of company finances.
