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UK government to invest $132 million in new offshore wind facilities
Britain will invest 95 million pounds ($132 million) in the construction of two new facilities to service a big expansion in offshore wind farms, creating around 6,000 jobs in the north of England, the government said on Wednesday.
read more... 11/03/2021
Nigeria’s Lawsuits Against Shell Could Cause Oil Major Exodus
Judging from recent headlines, Nigeria has unleashed one of the most spectacular legal attacks on one of its key oil and gas investors, to an extent previously unseen in the country’s more than 60 years of hydrocarbon production.
read more... 11/03/2021
Daily (10.03.2021): Carbon prices hit new highs above 40EUR amid bullish equities and energy markets
Oil crude futures retreated on Tuesday, influenced by expectations of a rise in US crude inventories. Furthermore, stronger dollar coupled with a possible increase in Libya oil production also pressured the prices. Hence, Brent crude fell by 1.1%, or $0.72 to settle at $67.52 a barrel. At the same time, US WTI crude lost 1.6% or $1.04, to end at $64.01 a barrel.
read more... 10/03/2021
European Parliament drops call to end free allowances under carbon border levy
The European Parliament on Tuesday dropped its call to phase out the free allowances industrial sectors receive through the European Union carbon market if those sectors become covered by the bloc’s planned carbon border policy.
read more... 10/03/2021
Government launches £20m EV innovation competition
Innovative ideas for zero-emission vehicles could benefit from a share of £20 million in funding.
read more... 10/03/2021