Average price hit 147.94p a litre on Sunday, up by 30p over the past yearUK diesel prices have reached a record high at the pumps, one week after petrol prices hit their highest ever level in a blow to hard-hit households and small businesses.About 12….
1.9m UK homes lose supplier after two more gas firms go bust
The collapse of Avro Energy and Green means nine suppliers have been lost this yearThe UK gas crisis has claimed another two energy companies, bringing the total number of households that have lost their supplier this year to almost 2m.The regulator, O…
UK households face second record energy bill rise
Analysts predict a further 14% jump for spring 2022 on top of next month’s scheduled £139 riseMillions of households could face a second record jump in energy bills next spring, on top of the £139 increase due next month, as the global gas crisis conti…
Gone with the wind: why UK firms could miss out on the offshore boom
British manufacturers and the GMB are urging the government to ensure the huge investment in the sector benefits Britain tooAt the foot of the disused Fawley power station on the Hampshire coast, giant wind turbine blades lie on the sand like the fins …
North Sea oil was battered by Covid, but now faces much deadlier waves
Since the pandemic hit, the world’s altered attitude to fossil fuels is throwing doubt over the industry’s futureThe UK’s North Sea oil industry may have survived one of the darkest market downturns in history during the Covid-19 pandemic, but the deep…
Warrington council lends billionaire founder of The Hut Group £151m
The sum is 10 times the average loan, and was paid to a company indirectly controlled by Matt MouldingWarrington council lent the billionaire owner of The Hut Group (THG) £151m after the online retailer’s £5bn market listing.The Cheshire local authorit…
EY fined by UK accountancy watchdog over Stagecoach audit failings
Penalty of more than £2.2m imposed after firm did not properly challenge transport group’s bosses EY has been fined more than £2.2m by the UK accountancy watchdog for failing to properly challenge Stagecoach bosses when auditing their accounts for 2017…
Mining multinational BHP starts talks to exit oil and gas industry
Firm says merging its hydrocarbon business with Australian producer Woodside Petroleum is one optionThe mining multinational BHP has begun talks to exit the oil and gas industry by merging its hydrocarbon business with Australia’s top independent gas p…
Warmth from the earth and air: could heat pumps replace our gas boilers?
The fuels we use to warm our homes create a carbon burden. Systems that capture ambient heat could offer a solutionOne of the greatest contributors to pollution is such a part of everyday life it is easily overlooked: the fossil fuels used in our homes…
Global demand for oil slashed by ongoing Covid issues, says IEA
Influential agency reverses earlier prediction of possible glut in the market in second half of 2021Coronavirus – latest updatesSee all our coronavirus coverageThe world’s appetite for oil will be lower than expected this year as the ongoing spread of …