UK invests £500m to rescue Tata’s Port Talbot, but 3K jobs at risk

The government has allocated £500 million to ensure the survival of Port Talbot steelworks and support its transition
to greener steel production

North Sea producer slashes UK output due to windfall tax impact

Ithaca Energy, a North Sea oil and gas producer, is reducing UK production due to an unforeseen impact of the windfall tax

‘UK seeks financial backing from banks for North Sea oil projects’

Major financial institutions, including Barclays, Lloyds, NatWest have reportedly been invited by the Treasury for discussions aimed at revitalising investments in North Sea oil and gas ventures

‘UK faces £1.5bn surge in energy bills due to wind farm barriers’

The ECIU alleges that bureaucratic hurdles by the government could increase annual bills by £1.5 billion due to hindered wind farm development

UK to introduce ‘pump watch’ scheme to protect drivers

The government plans to implement a scheme, compelling retailers to share petrol and diesel prices online, aiming to prevent drivers from being overcharged

Government prepares for Thames Water collapse concerns

Officials are reportedly considering the adoption of a similar administration regime, akin to the one implemented during the collapse of Bulb, for Thames Water

‘North Sea moratorium equals one offshore wind farm’

New analysis found that if new North Sea gas fields were halted, the reduction in gas production by 2030 would be equivalent to the electricity generated by a single offshore wind farm

Labour’s £28bn green plans ‘could cost families £1k a year’

Treasury analysis warns that Labour’s green energy plans could drive up mortgage costs and make Britain reliant on foreign oil and gas

UK seeks input on measures to address carbon leakage

The government has launched a consultation seeking views on policy measures to mitigate carbon leakage risk, including a carbon border adjustment mechanism

Government urged to launch per-mile charging system for EVs

A think tank has proposed replacing fuel duty with a per-mile charging system, providing higher mileage allowances for residents in rural areas to maintain fairness