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The Latest Breaking News on Energy

Gas drive will not solve energy crisis, climate advisers tell Liz Truss

Environment and infrastructure chiefs rebuke new prime minister for focusing on fossil fuel solutions

The Guardian - UK

Domestic energy spend to top £100bn after October price rise, report estimates

The economic report by the Offshore Energy UK has set out measures the UK Government can take to ease the pressure.

The Independent UK

Public backs wind and solar farms to reduce energy bills, poll suggests

Some 77% of those quizzed backed the green technologies to tackle the cost of soaring bills.

The Independent UK

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Double down on ending gas dependence to curb bills, PM urged

Senior advisers say the Government needs to focus on improving insulation in millions of homes and provide advice to the public on saving energy.

The Independent UK

Qld tax could deter Japan investors: envoy

Japan's ambassador to Australia has warned Queensland coal tax hikes could impact plans to invest in joint venture hydrogen projects around the country.

AAP

California heatwave enters intense phase bringing blackouts and wildfires

The Guardian - US

California and the West broil in record heat wave

A record-setting heat wave is making life miserable in the West

The Independent UK

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‘Climate alarmism’ and ‘doomsayers’: New energy chief Rees-Mogg’s history of dismissing global warming threat

‘Climate dinosaur’ will oversee UK’s net zero strategy in Liz Truss’s government

The Independent UK

Heatwave pushes California’s energy grid to its limits

Extreme heat prompts authorities to urge California residents to cut down electricity usage amid power outage threat.

Al Jazeera

3 Energy Stocks That Make Great Buys Even When the Market Swings

The energy sector is facing volatility due to oil price swings amid geopolitical issues. However, oil prices might rise due to potential OPEC output cuts. Hence, investing in energy stocks TotalEnergies (TTE), Valero Energy (VLO), and APA Corporation (APA) might be wise. Read more….

StockNews.com

A faster route to greener shipping

Delegates from over 190 countries recently gathered in Lisbon for the UN Ocean Conference, the most important event on this issue this year. Opening the meeting, UN Secretary-General António Guterres urged governments "to raise their level of ambition for the recovery of ocean health".

Bangkok Post

Gov. Greg Abbott touts Texas power grid’s readiness heading into fall, election season

The governor shared the favorable forecast — which is normal for the fall months — ahead of a competitive race in which the grid’s performance during last year’s fatal winter storm may factor into Texans’ decisions at the polls.

The Texas Tribune

We pay billions to subsidise Australia’s fossil fuel industry. This makes absolutely no economic sense

Fossil fuel subsidies from major economies including Australia reached close to US$700 billion in 2021, almost doubling from 2020, according to new analysis by the International Energy Agency and OECD.

The Conversation

What's happening with Ukraine's threatened nuclear plant

Ukraine’s Zaporizhzhia nuclear power plant was built during the Soviet era and is one of the 10 biggest in the world

The Independent UK

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France 24

Long winter ahead: PM Liz Truss faces energy crisis on day one

It's day one on the job for Britain's new prime minister and as Russia squeezes natural gas exports, Liz Truss faces a wartime economy. How to keep the lights on across the Channel? How to rein in inflation? As Europeans work to pool their energy purchases, tax windfall profits and…

Asharq Al-Awsat

Türkiye’s Erdogan Says ‘Europe Reaping What it Sowed’ on Energy Crisis

Turkish President Tayyip Erdogan said on Tuesday that Russia is cutting natural gas flows to Europe in retaliation for sanctions, adding that Europe is "reaping what it sowed". Fears in Europe have increased over a potentially bleak winter after Russia announced it was keeping its main gas pipeline to Germany…

The Conversation

Could Liz Truss allow new drilling for oil and gas and still strengthen the UK's net zero target?

The UK’s new prime minister, Liz Truss, has pledged to suspend green levies on energy bills and look for “better ways to deliver our net zero targets”. Despite a record-breaking heatwave plus wildfires, droughts and floods worldwide, neither contender for the Conservative Party leadership felt the urge, as David Cameron…

The Independent UK

Pipeline protester jailed for breaching High Court injunction

Scott Breen was previously among the group of campaigners who occupied a network of tunnels under a small park next to Euston station.

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Reuters

Spain extends gas price cap amid fears of total Russian gas cut-off

Spain will extend a gas price cap to power plants linked to heavy industry amid fears Russia could cut off all gas supply to Europe by land or sea, Spanish Prime Minister Pedro Sanchez said on Tuesday.

Al Jazeera

China agrees to pay for Russian gas in roubles and yuan: Gazprom

Russia is pushing to reduce reliance on the US dollar and boost economic ties with China amid Western sanctions.

Irish Mirror

Expert shares cost-effective tips to help you save hundreds on your energy, gas, and electricity bills

Residential electricity bills are expected to rise by 26.7% while household gas bills will go up by 37.5% from October 1

Reuters

Germany examining whether energy levy can apply retroactively - Scholz

Germany is examining whether it is legally possibie to make retroactive a planned levy on energy companies' coincidental profits, Germany Chancellor Olaf Scholz said.

Reuters

Turkey's Erdogan says 'Europe reaping what it sowed' on energy crisis

Turkish President Tayyip Erdogan said on Tuesday that Russia is cutting natural gas flows to Europe in retaliation for sanctions, adding that Europe is "reaping what it sowed".

Edinburgh Live

New update on energy bills shows that UK plans to borrow billions to cut costs

The newly appointed Prime Minister, Liz Truss, is set to be planning to borrow billions of pounds to help limit the damage caused by rapidly increasing energy bills across the country.

Liverpool Echo

Nan, 80, terrified of energy costs after £5,000 Scottish Power bill

"'I'm terrified, I cant sleep. I've had the bailiffs at my house"

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