UK halved its Green Climate Fund pledge in 2026
May 18, 2026
Britain slashed its 2024-27 pledge to the Green Climate Fund (GCF) from £1.62 billion to £815 million – a cut of
Finance & Legal
BP weighs sale of Egyptian gas assets as new CEO retools portfolio
May 15, 2026
BP is considering selling some natural gas assets in Egypt as part of CEO Meg O’Neill’s overhaul to cut debt and focus
E.ON’s £600 million purchase of OVO: A seismic shift in UK retail energy
May 13, 2026
Germany’s E.ON has agreed to buy rival OVO Energy in a deal that will add about four million customers to E.ON’s
The UK Energy Independence Bill – accelerating clean power and shielding consumers
May 13, 2026
The King’s Speech signalled the new government’s flagship Energy Independence Bill, pledging to scale up home‑grown renewables and break the link
BP puts flagship UK carbon capture projects on the block amid wider strategic reset
May 7, 2026
BP plans to sell stakes in two of the UK’s flagship carbon capture and storage (CCS) projects: the Net Zero Teesside
Central banks hold rates but signal concern over energy-driven inflation
May 1, 2026
The European Central Bank and Bank of England have decided to hold interest rates, despite bearish economic sentiment. Both banks signal
UK economy faces slowdown as energy prices drive inflation
May 1, 2026
Rising energy costs are expected to slow UK economic growth, with inflation pressures linked to global energy markets. This highlights the
Bank of England warns energy-driven inflation surge is ‘unavoidable’
May 1, 2026
The Bank of England has held rates at 3.75%, with policymakers warning the ongoing energy shock will push inflation higher. Middle
BP profits surge as oil price spike boosts earnings
April 29, 2026
BP profits have more than doubled amid rising oil prices, with higher trading margins and volatility driving performance. The announcement is
UK economy faces £35bn hit from energy shock
April 29, 2026
Economists have warned of a £35bn GDP impact from the Middle East crisis, driven by higher energy prices and trade disruption.
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