Nick Clegg’s plans to make all firms listed on the London Stock Exchange report on their carbon from 2013 have been hailed as “good for the British economy”. The Deputy Prime Minister’s announcement this week came as a surprise to some despite the fact many businesses have been campaigning for it for a while. Privately […]

Plans to make all firms listed on the London Stock Exchange report on their greenhouse gas emissions have received a cautious welcome from one of its main backers. Business lobbying group the CBI has vocally campaigned for blanket carbon reporting to give companies an even footing. It said the regulation must be done “sensibly”. This […]

Deputy Prime Minister Nick Clegg today confirmed all businesses listed on the London Stock Exchange will have to report on the greenhouse gases they emit under new plans. From the start of the next financial year, firms will have to include this information in their annual reports in a move likely to be hailed by […]

RAK Petroleum’s Middle East and North Africa branch will merge into a subsidiary of DNO in exchange for DNO shares. Helge Eide,the Norwegian firm’sManaging Director said: “The enlarged DNO will be a more robust company with higher production and stable cash flow from a more diversified portfolio.” A heads of agreement was signed between the […]

The operator of Russia’s electricity grid today listed on the London Stock Exchange, making it the largest publicly traded electricity transmission company in the world. Federal Grid manages over 121,000 km of transmission lines and around 800 substations. Its biggest shareholder is the Russian government, with a 79.48% stake. Chairman of Federal Grid’s management board, […]

The future is uncertain and we must learn to accept it. That was the message this morning from npower chief executive Volker Beckers. Speaking at the London Stock Exchange at the launch of a White Paper “energy risk management for UK business”, Mr Beckers said: “We all need to be experts now. Energy risk management […]

With just over 24 hours left until the deadline for the CRC scheme, the Environment Agency is stressing it is still not too late for companies to take action and avoid late registration fines. So far almost 2,700 organisations have filed details with the EA, with several hundred in the process of registering. But that […]

The Irish Republic’s main electricity company ESB is in talks to buy Northern Ireland Electricity. The proposed takeover was announced to the Dublin and London stock exchanges. NIE is the transmission and distribution business of Viridian, Northern Ireland’s main power company. It is ultimately owned by Arcapita, a Bahrain-based bank, which bought Viridian for more […]