MPs concerned about North Sea oil and gas clean-up costs to taxpayers

The Public Accounts Committee is calling on BEIS to ensure taxpayers are protected from the risk of footing the bill

UK Government considers public investment in Wylfa nuclear project

It has started formal negotiations with Horizon Nuclear Power, which is owned by Japanese firm Hitachi, for the proposed plant

Government’s failed air pollution cases cost taxpayers £500,000

According to a Freedom of Information release obtained by the Labour Party, the government has spent half a million pounds to fight legal battles

UK taxpayers face £100m bill over flawed nuclear deal

The UK Government has been forced to pay £100 million of taxpayers’ money to two US engineering firms after mishandling a nuclear decommissioning contract. Business and Energy Secretary Greg Clark has also ordered an inquiry, led by former National Grid boss Steve Holliday, after a “flawed” tendering process for the £6.1 billion deal. The government’s […]

Local authorities breach EU energy regulations

More than a third of local authorities in England and Wales have been found in breach of EU energy regulations for buildings, according to the Property and Energy Professionals Association (PEPA). It was revealed using a Freedom of Information (FoI) request when PEPA asked all authorities whether they complied with the Energy Performance of Buildings […]

Government to flog uranium firm Urenco

The Government is planning to flog some or all of its share of the uranium company Urenco, it announced yesterday. Urenco enriches uranium which is used for fuel in nuclear power stations around the world. It has around 50 customers across 18 countries which makes up roughly 31% of the global market share. Any cash […]

Four projects shortlisted for £1bn CCS competition

DECC has announced four bidders for the next phase of the UK’s £1 billion Carbon Capture and Storage (CCS) competition. The four were shortlisted from eight bids following an evaluation process, which looked at project deliverability, value for money and the Government’s target to deliver a “cost-competitive CCS industry in the 2020s”. The funding is […]

Taxpayers are subsidising fossil fuels by billions of dollars

Taxpayers across the world are subsidising fossil fuels with billions of dollars. Governments spent about half a trillion dollars last year, with the USA alone pumping $409billion into keeping the price of fuel artificially low, according to the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA). This subsidy is a […]

Cable: shareholders essential for green investment

Vince Cable has touted the role of shareholders to the energy industry in a dispute over the rise of their payouts compared with the rise in bills for consumers. His comments came as Centrica – the parent company of British Gas – brought out its quarterly profits, revealing it had upped the shareholder dividend by […]