Two energy giants, two green projects: one double-booking in North Sea
Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals.
Russia widens Europe gas cuts as Gazprom halts Dutch trader’s supply
Russia widened its gas cuts to Europe on Tuesday with Gazprom (GAZP.MM) turning off supply to top Dutch trader GasTerra escalating the economic battle between Moscow and Brussels and pushing up European gas prices
Shell’s renewables boss steps down after less than two years
Shell’s (RDSa.L) head of renewable energies Elisabeth Brinton has stepped down less than two years after taking the reins of the business which the company seeks to rapidly grow as part of its strategy to reduce greenhouse gas emissions.
Lighter winds slow progress at offshore firms Orsted, RWE
Orsted (ORSTED.CO) and RWE (RWEG.DE), the world’s two largest offshore wind players, both suffered from lighter winds in the first half of the year, highlighting how profits in the booming industry remain tied to weather conditions.
