BP prepares to close ventures arm as strategic reset hits emerging technology portfolio
BP has agreed to sell stakes in more than ten technology businesses to Verdane and is proposing to close BP Ventures. The move advances chief executive Meg O’Neill’s drive for a smaller, more disciplined company… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
‘Higher for longer’ – How renewable developers are dealing with the rising cost of capital
Interview with Cathal Friel, founder and executive chair of European Green Transition. Persistently low interest rates over the last two decades have effectively generated “free money”, supporting an unprecedented boom in renewable energy projects, according… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Canada ties scaled Pathways CCS project to new oil export pipeline
Canada, Alberta and five major oil sands producers have signed a non-binding agreement targeting 6mn tonnes a year of carbon capture by 2035. The CCS project is explicitly linked to a proposed 1mn barrel/day pipeline to Canada’s west coast and expanded oil sands production. Binding company commitments, cost allocation, regulatory approvals and a final investment […]
New York imposes first statewide pause on hyperscale data centre development
New York has paused incomplete state environmental permits for data centres of at least 50 MW while it develops new standards. Nearly 12 GW of data centre load requests have entered the state’s interconnection pipeline, although only a fraction is expected to materialise. The most consequential proposal is a “beneficiary pays” regime requiring developers to […]