EU approves Schlumberger-Cameron merger

Oilfield services giant Schlumberger has been given the green light to takeover an equipment provider in the sector. The EU Commission has approved the merger with Cameron which is worth $14.8 billion (£9.81bn). The transaction was previously granted permission by investors of both companies, the US Department of Justice, Canada, Brazil, Russia and Mexico. Schlumberger […]

Cameron's green regulation rollback risks spooking investors

David Cameron’s pledge to rollback some of Britain’s environmental regulations risks spooking investors, the Renewable Energy Association (REA) has warned. Today the Prime Minister said he would chop back “some” green levies in a heated Commons debate with Labour’s Ed Miliband. But he made no mention of which ones face the axe which has worried […]

Gamesa plans to build £125m wind turbine plant

Wind turbine manufacturer Gamesa has announced plans to build a manufacturing facility in the Port of Leith. If the project gets the go ahead, it could be worth up to €150 million (£125m) of investment and is expected to support between 800 and 1,000 jobs. The factory will make blades and the generator units that […]

Obama and Cameron work on fuel prices

The UK and America could work together using reserve oil supplies to bring down fuel prices. Prime Minister David Cameron, who has been on a visit to the United States this week, said he and the President wanted to “smooth out” oil prices. Experts however, aren’t so sure releasing supplies would have much effect. Reports […]

Deadline set for carbon floor price and Green Bank

David Cameron today unveiled an energy blueprint to drive home his ambitions for a low carbon economy. And the Carbon Plan sets a series of deadlines which the government believes will put the green economy at the top the agenda both in Westminster and the boardrooms of big business. These include milestones for the Green […]

Oil dependency must be tackled in Budget

Friends of the Earth have demanded that “weaning the economy off its fossil fuel addiction” is at the heart of this month’s Budget. The environmental group was responding to comments this weekend from Energy Secretary Chris Huhne, who repeated his assertion that “getting off the oil hook is made all the more urgent by the […]