fossil fuels

15 May 23

UK energy independence under threat from falling North Sea production

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

According to a report by The Energy and Climate Intelligence Unit (ECIU), under current conditions, gas import dependence has the potential to grow by 60 per cent by 2035. This is anticipated to have “major financial implications”, including a profound negative impact on the UK’s balance of trade and household…

12 May 23

The LNG dilemma – fuelling global imbalance

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

It might not have felt like it looking at your bills, but Europe dodged an even bigger energy crunch last winter as Russia curtailed or stopped supplies of gas, coal and oil. But even that was more down to luck and brute force than judgement. There were consequences elsewhere and…

09 May 23

Securing inactive oil and gas wells could cost the US $30bn, study finds

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

The 14,000 inactive oil and gas wells in the US Gulf of Mexico region can still leak and harm marine ecosystems in the process. However, the cost of securing them could reach $30bn (£23.7bn), according to researchers at the University of California. The team collected data from the US Bureau…

08 May 23

Air pollutants from US fossil fuel extraction kills 7,500 annually, study finds

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

Since Russia’s invasion of Ukraine, the US oil and gas sector has boosted exports to the point where the US is at the top of the world’s energy-exporting nations. A study led by Boston University School of Public Health (BUSPH) has been looking into what this expansion in production means…

04 May 23

Britons believe oil companies should cover climate change costs, poll finds

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

The majority of UK citizens think the country has a responsibility to pay for climate action in poorer and vulnerable countries, according to new polling commissioned by the charity Christian Aid. The survey was carried out by Savanta, which polled 2,181 UK adults between 21 and 23 April. Out of…

02 May 23

Calls for ‘loophole’ to be closed as BP bags £500m of profits beyond expectations

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

BP announced that it made just under $5bn ($4.96bn; £4bn) in underlying replacement cost profit between January and March of this year, citing a strong performance in its oil trading business. The profit is actually a reduction from last year's gargantuan take, when BP's business benefitted from extremely high energy…

14 Apr 23

Canadian bank becomes the world’s top fossil fuel financer

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

The Royal Bank of Canada (RBC) has surpassed the United States' JP Morgan Chase as the largest global investor in fossil fuel projects for the first time since 2019. The Canadian bank invested $42.1bn (£33.7bn) in fossil fuel projects in 2022, according to the 'Banking on Climate Chaos' report commissioned…

12 Apr 23

Electricity carbon emissions could peak in 2023 as wind and solar surge

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

In a new report, Ember said that wind and solar could push the world into an era of falling fossil-fuel generation and power sector emissions as early as this year. Full decarbonisation of the power sector is considered crucial for the world to reduce its emissions due to rising electricity…

06 Apr 23

Coal plant retirements must be ramped up to meet climate goals

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

With the exception of China, the number of coal plants dropped in both developed and developing countries in 2022 as existing facilities were retired and planned projects cancelled. But the pace of retirements needs to move four and half times faster – and new coal plants must stop being built…

28 Mar 23

Windfall taxes curtailing investment in fossil fuel extraction, sector warns

Electrical, Electronics & Instrumentation, Mechanical, Production & Manufacturing

Offshore Energies UK’s (OEUK) Business Outlook report finds that nine out of 10 North Sea operators are cutting back investment citing a mix of high taxes, political climate and inflation as key factors in their decisions. It follows the windfall taxes imposed on North Sea oil and gas operators, under…

UK energy independence under threat from falling North Sea production

The LNG dilemma – fuelling global imbalance

Securing inactive oil and gas wells could cost the US $30bn, study finds

Air pollutants from US fossil fuel extraction kills 7,500 annually, study finds

Britons believe oil companies should cover climate change costs, poll finds

Calls for ‘loophole’ to be closed as BP bags £500m of profits beyond expectations

Canadian bank becomes the world’s top fossil fuel financer

Electricity carbon emissions could peak in 2023 as wind and solar surge

Coal plant retirements must be ramped up to meet climate goals

Windfall taxes curtailing investment in fossil fuel extraction, sector warns

Electronic skin can self-heal after a cut, researchers find

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