Six EU countries resist planned cuts to free carbon permits
Eastern and southern EU countries are challenging reforms to the EU Emissions Trading System (ETS). Bulgaria, Czechia, Greece, Poland, Romania and Slovakia want to freeze the volume of free carbon permits allocated to industry at 2025 levels rather than allow a planned phase‑down. The six governments argue that high energy prices linked to the Iran […]
Ousted BP chair fights back amid governance storm
Former BP chairman Albert Manifold has hit back at the major, saying he was removed “without warning and without explanation” and disputed the characterisation of his conduct, vowing not to let a “false narrative” stand.… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Investment flows reveal a world hedging its energy bets – IEA
Global energy investment is projected to reach $3.4 trillion in 2026, up 5% from 2025. Of that, $2.2 trillion will go to renewables, storage, grids and low‑emission fuels, while less than $500 billion will be… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Sumitomo’s stake in UK batteries underscores appetite for energy storage
Sumitomo Corporation’s joint venture Summit Transition Partners (STP) is investing in up to five battery energy storage system (BESS) projects in the UK, totalling about 694 MW. STP will initially take a 25% stake in three… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]