Bank giant ING optimistic about investment ‘greeniums’ next year
Sustainable finance could deliver a premium as banks retrench from fossil fuels: ING expects greater clarity on energy transition finance next year.
Scottish budget to treble offshore wind investments to £150m
The Scottish government has announced plans to treble its investment in offshore wind to £150 million in 2025, finance secretary Shona Robison announced in Wednesday’s budget.
UK net zero ‘delusion’: A critical view
The former head of the UK’s biggest oil and gas trade body Malcom Webb claims the achievement of UK net zero is a ‘delusion’ and will have ‘no meaningful impact at the global level’.
‘Anger’ over Scottish budget plan to raid ScotWind windfall
Scotland’s finance minister has been warned against raiding a windfall gained through sale of renewables licenses and has been urged to reinvest it in the energy transition.
MarramWind finishes second consultation round
ScottishPower and Shell have completed a consultation on their proposed 3GW MarramWind floating offshore wind farm.
Drax CFO to retire and ‘spend more time with my family’
Andy Skelton, CFO of Drax (LON: DRX), has announced that he will retire after his firm finds his replacement.
Torness extends life as EDF forges on with more nuclear power
Scotland’s only nuclear power plant, Torness in Dunbar, will generate power until 2030 following a £1.3 billion investment from EDF.
EU to miss heat pump target by massive margin
Whilst widely touted as the way to go for heating homes and businesses in temperate and cold regions, the uptake of heat pumps is way behind the ambition, even in Europe and most certainly the lame-duck UK.
