Brussels plans carbon market overhaul to keep industry on board
A draft European Commission document proposes to extend free emissions allowances for heavy industries that invest in decarbonisation and maintain production in Europe. In return, governments would need to spend more of their EU ETS… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Energy security, electrification and the ocean: A trio of global inflection points
OPEC production collapse: OPEC’s oil output fell to 20.04 million barrels per day in April, its lowest level since at least 2000, after the closure of the Strait of Hormuz and a US‑led blockade slashed… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Ofgem finds energy suppliers financially stronger but warns risks remain
Ofgem’s 2026 Supplier Financial Resilience Report shows that domestic suppliers held £6.8 billion in regulatory capital in March 2026, more than double the £3.1 billion aggregated capital target. Two suppliers failed in 2025‑26, affecting around 95,000 domestic and 18,000 non‑domestic customers, yet the resulting shortfall in renewables obligation payments was just £23 million, below the level […]
Solar trumps coal in US power mix for first time despite Trump’s revival attempts
Solar generated 12.8% of US electricity in May, overtaking coal at 12.2% for the first time on a monthly basis, according to Ember data cited by the Guardian and Associated Press. The milestone comes days… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Denmark backs €2.5 billion carbon capture subsidy for Aalborg Portland
Denmark has signed a 16.5 billion crown (~€2.2 bn or £1.9 bn) contract with cement producer Aalborg Portland to subsidise carbon capture and storage (CCS) at its clinker plant from 2030. The subsidy amounts to about 875 crowns (€117)… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Norway orders review of 35 billion NOK floating wind subsidy
Norway’s parliament has unexpectedly ordered a review of a 35 billion NOK (£2.6 bn) subsidy for the Utsira Nord floating wind project, raising uncertainty over Europe’s largest planned floating wind zone. The 1.5 GW project, divided into three… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
SSEN Transmission joins European cyber network as grid threat levels rise
SSEN Transmission has joined the European Network for Cyber Security as an Information & Knowledge Sharing member, connecting the UK transmission operator with a network focused on strengthening cybersecurity across critical energy infrastructure. The move… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
BP’s new organisational structure – a return to upstream and downstream
BP will reorganise into two main business units – upstream and downstream – under new chief executive Meg O’Neill. The change reverses former CEO Bernard Looney’s 2020 restructure that created separate gas & low‑carbon, production &… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Aviation’s 2050 net-zero target slips from difficult to doubtful as SAF gap widens
Airline leaders say aviation is unlikely to meet its 2050 net-zero target on the current trajectory, with IATA director general Willie Walsh warning that “hope is fading fast” and calling for a more “realistic timeline”.… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
China leads surge in low‑carbon industrial investment – Mission Possible Partnership
The Mission Possible Partnership (MPP) recorded 19 low‑carbon industrial projects reaching final investment decisions (FIDs) globally between November 2025 and April 2026, worth roughly $43 billion – more than double the eight projects in the… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]