Offshore wind developer axes boss as net zero stalls
Britain’s largest offshore wind developer, Ørsted, has made a significant change in its leadership team as the global push towards achieving net zero emissions encounters obstacles. Mads Nipper, the current chief executive of Ørsted, will be stepping down immediately, and Rasmus Errboe, who currently holds the position of deputy chief executive and chief commercial officer, […]
Ed Miliband’s reckless net zero crusade could force BP into the arms of Shell
The ongoing debate surrounding green energy raises numerous important questions that environmentalists are still grappling with. Questions like the efficiency of wind turbines, the feasibility of solar power in regions with limited sunlight, and the practicality of electric cars in terms of charging infrastructure continue to challenge experts in the field. However, one undeniable fact […]
Branston beans maker threatens to move abroad amid bitter pay dispute
The future of Branston beans production in the UK is uncertain as the Italian-owned maker, Princes Group, threatens to move production abroad and cut jobs amidst a pay dispute with workers. The chairman of Princes Group, Angelo Mastrolia, has warned that if workers proceed with planned strikes in February, the company will be forced to […]
BP cuts stake in wind farms as it focuses on fossil fuels
BP has recently made a significant strategic move by agreeing to transfer all its offshore wind projects into a joint venture with Japan’s largest power producer, Jera. This decision marks a shift in focus away from renewables and towards oil and gas ventures for the oil giant. The joint venture will see BP investing up […]
Biden copies Ed Miliband’s offshore oil drilling ban – days after criticism from Trump
President Joe Biden has made a significant move by announcing a ban on offshore oil and gas extraction in the US. The ban covers more than 625 million acres of the US ocean, including the East and West coasts, the eastern Gulf of Mexico, and Alaska’s Northern Bering Sea. This decision comes just days after […]
Why Ed Miliband’s turbine building spree leaves Britain vulnerable to attack
A recent incident involving a cargo ship in Russia has raised concerns about the vulnerability of critical underwater infrastructure to “grey zone tactics.” The Eagle S tanker, suspected to be part of Russia’s “ghost fleet,” was allegedly involved in damaging the Estlink 2 power cable between Finland and Estonia. This incident highlights the growing threat […]
Half a million students awarded UK degrees without setting foot in Britain
The landscape of higher education is rapidly evolving, with a significant increase in the number of students obtaining UK degrees without ever stepping foot in Britain. According to a report by the Higher Education Policy Institute (Hepi), almost 600,000 students earned UK degrees offshore in the past year, marking a 33% rise over the last […]
‘Our industry is disappearing’: The city ravaged by the war on oil
This move was met with mixed reactions in Aberdeen, where the offshore workers are the lifeblood of the economy. The Labour government justified its decision by citing the need to tackle climate change and transition to renewable energy sources. The oil and gas workers in Aberdeen, however, see their livelihoods at stake. Many feel that […]
The dull Berkshire town that’s become a laundromat for the world’s dirty cash
Hawaiian shirts and suitcases stuffed with cash are a rare sight on the sleepy streets of Wokingham. But this leafy Berkshire town has been revealed as an unlikely hotspot for suspicious money channelled into the UK from global tax havens. Nearly £6bn of untracked funds have been funnelled through companies registered in British Overseas Territories […]
Starmer pledges £200m to offshore wind companies
Keir Starmer, the leader of the Labour Party, has announced plans to allocate up to £200 million to offshore wind companies for the construction of factories in traditional oil and gas regions. This initiative will be unveiled at the COP29 climate change summit, where Starmer aims to emphasize the UK’s commitment to clean energy transition. […]