business

These firms operate significant renewable capacity and have a strategic interest to see a clear policy pipeline favouring low carbon power

Big Six utility ScottishPower has reported losing about 200,000 customers in the last year. The energy firm said the number of accounts it held fell from 5.3 million to 5.1 million as it faced tougher competition and increased pressure from new entrants to the market. The reduction contributed to its retail supply division’s earnings falling […]

The EU has approved the acquisition of a natural gas supplier by energy firm Edison. Gas Natural Vendita Italia was the business that was bought – both companies are based in Italy. The firm that has been sold is currently owned by Gas Natural Fenosa Internacional SA. The Commission has concluded the deal would raise […]

Many global businesses are not taking the necessary steps to integrate and advance energy and sustainability programmes. That’s according to new research from Schneider Electric, based on a survey of how 236 organisations are preparing for a low carbon economic landscape. Although most organisations say they feel prepared for a decentralised, decarbonised and digitised future, […]

Ofwat has launched a review of the market codes that set out credit requirements for retailers in the business retail market. Currently, retailers can choose to prepay wholesalers for the water their customers use or postpay, which includes providing a form of credit. This must cover the cost of supplying their customers for 50 days […]

A new energy and carbon reporting framework is supported by 87% of decision makers in British businesses. That’s according to new research from npower Business Solutions, which shows these stakeholders believe this is likely to drive a nationwide reduction in companies’ energy use, bills and carbon emissions. The survey of 500 senior figures suggests reduced […]

Action against climate change is now embedded in the strategies of businesses across Europe. That’s the verdict from the European Round Table of Industrialists (ERT), which has published a new report illustrating how 30 multinational companies, including Heineken, ABB and Eni are working towards cutting carbon and achieving the goals of the Paris Agreement. For […]

As many as 35 of the 50 most influential companies in the world are actively lobbying against climate policy. That’s according to new research from UK think tank InfluenceMap, which identifies 50 companies it says are having the biggest effects on the environment, whether good or bad. The report not only rates businesses based on […]

Around £4.6 billion of mergers and acquisitions took place in the UK’s oil and gas sector in the first half of 2017. That’s according to a new report from Oil & Gas UK, which says this is a strong vote of confidence for industry, which has faced a significant downturn in recent years. The report […]

Leading businesses have called on the EU to introduce more ambitious renewable energy targets. The Prince of Wales’s Corporate Leaders Group, which includes international firms such as BT, EDF and Sky, believes inconsistent, vague and unambitious EU policies are stifling investment and slowing the transition to a low carbon economy. The companies contributed to a report saying stable and ambitious policies would provide […]