Impax’s takings slump after global retreat on sustainability May 22, 2025 Impax Asset Management recorded a slump in revenue in the first half of the year as a global retreat on green policies turned clients away from its sustainability offering. The firm cited a “challenging first half of financial year” with assets under management falling to £25.3bn. This was down from £37.2bn at the end of [...]
SSE cuts investment and warns it won’t meet 2030 net zero goal May 21, 2025 SSE, one of the UK’s biggest energy companies has said it is unlikely to meet its 2030 renewable goal in the latest blow to the government’s net zero plans. SSE said it decided to cut capital investment by as much as £3bn over the next five years, citing macroeconomic uncertainty and planning obstacles. The Perth-based [...]
Brick Lane curry houses could ‘go bust’ due to net zero push May 12, 2025 The drive to reach net zero has transformed the way most Brits live. But when Brick Lane restaurant owner Guljar Khan opened his first curry house with his brother more than two decades ago, he never imagined that it might one day change the way tandoori chicken is cooked. Khan has seen his mini empire [...]
Ørsted’s cancelled offshore wind project puts net zero mission at risk, says Shadow Energy Secretary May 7, 2025 There are growing doubts over the government’s ability to meet its net zero targets after the company behind one of Britain’s biggest-ever wind farms abruptly pulled the plug on the project, citing overwhelming cost pressures. Denmark-based Ørsted, which won the contract to develop the 2.4GW Hornsea 4 offshore windfarm last year, said it took the [...]
Tony Blair calls for Net Zero ‘reset’ in break with Miliband April 30, 2025 Sir Tony Blair has called for a reset of “irrational” Net Zero plans, with an extended critique of the current state of the climate debate that has been seen as a direct rebuke to the energy secretary Ed Miliband. Blair, the last Labour leader to win an election before Sir Keir Starmer, cautioned in a [...]
Tony Blair is right to call for ‘reset’ of ludicrous Net Zero debate April 30, 2025 If energy secretary Ed Miliband still believes that critics of his dash to Net Zero are peddlers of “nonsense and lies” he has a new name to add to his list of dangerous misinformation merchants: Tony Blair. I do appreciate that some people believe that his name belongs on exactly that kind of list, but [...]
Ed Miliband’s reckless Net Zero ideology April 29, 2025 Rumours persist that Ed Miliband, the energy secretary, could be shunted out of his role when the Prime Minister conducts his first major reshuffle since last summer’s election victory. Keir Starmer has the perfect excuse; the world has changed. He’s fond of saying that, and of course it’s true; huge changes are afoot and the global economy [...]
Labour’s EV and heat pump push is paving a path to bankruptcy April 26, 2025 Labour's push for EVs and heat pumps fail to account for a crucial detail - reality, says the IEA's Matthew Bowles.
British Steel: Reynolds would view Chinese firms in ‘different way’ April 15, 2025 Jonathan Reynolds has said he would “look at a Chinese firm in a different way” from those of other nations on involvement in the UK steel industry. But the business secretary has insisted the UK government took control of British Steel because of “one specific company”, and did not rule out Chinese firms being involved [...]
Grid connection for clean energy firms to be fast-tracked, ministers say April 15, 2025 Grid connections for businesses delivering clean energy are to be prioritised, ministers have said. The government has said so-called ‘zombie projects’ which hold up the queue for National Grid connectivity are set to be axed from the waiting list. While industries including data centres and AI, wind energy and solar projects will be accelerated for [...]