UK oil and gas firms to put £250bn into low carbon energy by 2030

New analysis has uncovered how spending may look for these companies in the next decade

Governmental clean energy spending rose by 50% in Covid recovery

However, developing economies represent just one-tenth of this spending, a new report claims

Rishi Sunak ‘must do more’ to fight soaring energy bills

Experts are calling on the Chancellor to take more action to help low-income families

Denmark looks to phase out Russian gas

It is also looking to increase its defence spending

‘Each year $1.8tn is spent on subsidies that harm the planet’

A new report reveals that 2% of global GDP is spent annually on measures that damage the Earth

Budget 2021: ‘New infrastructure bank to drive at least £40bn of green investment’

Chancellor of the Exchequer Rishi Sunak said ‘a real commitment to green growth’ is needed to build a strong, fair and resilient future economy

UK billpayers ‘could see energy bills rise by up to £63m’ as December begins

Uswitch warns 816,000 households could be affected by fixed deals ending and suggests they could see bills rise by an average of £155 as they are moved onto standard variable tariffs

More than 200,000 households ‘set to fall into fuel poverty as economy tumbles’

That’s the suggestion from the End Fuel Poverty Coalition, which warns a second wave of the virus arriving during colder weather could be ‘catastrophic for individuals and health services’

Rishi Sunak confirms £3bn green jobs plan to save money, cut carbon and boost employment

In his much-awaited Summer Statement, which serves as a recovery plan for the UK economy, the Chancellor outlined how he planned to tackle ‘profound economic challenges’ with a ‘historic investment in infrastructure’

US oil and gas industry goes into ‘survival mode’ and cuts forecast expenditure by $85bn

In a bid to limit the damage inflicted by the global oil crisis and the impact of the ongoing pandemic, many companies are taking short-term risk mitigation measures to stay afloat