Activists protest France’s surprise purchase of TotalEnergies stake
Climate activists demonstrated outside TotalEnergies’ Paris headquarters after a US filing revealed the French government had quietly acquired a 1.33% stake in the company worth around US$2.8 billion. Campaigners called the purchase a “democratic and climate scandal” and urged the government to stop supporting fossil fuel projects and tax the company’s windfall profits. They argued […]
Ofgem consults on long‑duration electricity storage support
The UK regulator launched a landmark cap‑and‑floor scheme to support long‑duration electricity storage (LDES) in early 2025, offering 25‑year revenue certainty for projects capable of discharging at full power for at least eight hours. The scheme guarantees a minimum revenue ‘floor’ while capping excessive profits, mirroring the model used for electricity interconnectors. Projects receive payments […]
EU drafts three‑year waiver on methane‑law penalties
The European Commission may delay enforcement of its landmark methane emissions law for imports, according to a leaked report. The proposal has drawn criticism from campaigners. Environmental groups say the waiver would weaken rules intended… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]