The UK wants to be a world leader in the fight against climate change.
Committing to reduce greenhouse gas emissions to almost zero by 2050 is an admirable but expensive and difficult goal to achieve.
Posts tagged ‘UK’
 
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February 14, 2019 10:04 UTC 
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In the event of Brexit there could be long-term consequences for UK-Russia energy links, if the UK’s policy on sanctions against Russia changes to reflect its vocal opposition to the current Russian government, and close relationship with the US. “There is a good chance the UK would eventually toughen sanctions against Russia, if and when a deal to leave the EU is finalized,” Paul Sheldon at Platts Analytics said. Currently the UK is a participant in EU sanctions against Russia introduced gradually since 2014 in response to Russia’s role in the conflict in Ukraine. These include restrictions on Russian oil and gas companies’ access to long-term financing and technology used in offshore Arctic, shale and deep-water oil production. |
 
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January 31, 2019 10:03 UTC
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This week marks the start of a new phase in London-Brussels relations. But it has nothing to do with Brexit, and it won’t be political power returning to Westminster as a result of the UK’s departure from the European Union. Instead, the power flowing across the English Channel will be of the electrical variety, as the Nemo electricity interconnector – the first direct connection between the UK and Belgium – begins commercial operations on 31st January. The 1 GW link will be capable of supplying enough power to meet the electricity needs of 2.2 million UK homes. |
 
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January 23, 2019 15:59 UTC
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As the UK’s self-imposed Brexit deadline of March 29 looms, some market participants in the container shipping industry are bracing themselves for a boost in rates. Hopes of more clarity on the future relationship between the UK and the EU were dashed after Prime Minister Theresa May lost a vote in the House of Commons on her negotiated deal with the EU on January 15, in the greatest defeat of a sitting government in UK history. |
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January 21, 2019 10:25 UTC
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Hitachi’s decision to down tools on its proposed £16 billion ($20.6 billion) nuclear project in Wales, announced on January 17, could be a blessing in disguise for British consumers. Instead of further subsidizing a globally declining industry, the government has simpler alternatives to ensure long-term energy security and affordable electricity prices for all. Natural gas, more renewables, storage and demand response are cost-efficient solutions with significantly lower risk than bankrolling the potentially ruinous cost of atomic fission. |
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January 3, 2019 12:12 UTC
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Years late and massively over-budget, Europe’s first EPR nuclear plants in Finland and France are on the verge of “energizing”, as the sector jargon goes. Barring last-minute glitches, this will be the final act in what must be the longest-running construction saga in the region. |
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October 30, 2018 12:00 UTC
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Imported barrels of crude into the UK from the US Gulf Coast rebounded from a five-week low Friday, with shippers swapping out Suezmaxes for Aframaxes on delivered cargoes. Delivered crude cargoes from the USGC to the UK for the week ended October 26 increased around 1 million barrels week on week, according to data from S&P Global Platts Analytics. An additional 269,000-barrel cargo was exported from the USGC to the Netherlands for that same time period, representing a week-on-week decline in USGC crude cargoes to Rotterdam of 1.35 million barrels. |
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September 17, 2018 09:17 UTC
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Economic warnings around a no-deal Brexit have reached fever pitch proportions. If Bank of England governor Mark Carney’s latest Doomsday portent comes to fruition, house prices will collapse and the streets will be choked by dole queues if the UK unceremoniously crashes out of the European Union. Certainly, the energy industry will also be affected; just don’t expect the petrol pumps to run dry, or the lights to go out on March 29 next year. |
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August 28, 2018 00:00 UTC
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In our recent Insight Conversation video, the CEO of Premier Oil, a UK independent upstream oil and gas company with interests in the North Sea, the Falkland Islands, Southeast Asia and Latin America, sat down for a conversation with Nick Coleman. |
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April 9, 2018 04:01 UTC
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Countries lacking abundant energy resources are often the most effective in ensuring reliable supplies, usually through a mix of pragmatism and openness to foreign investment. But this becomes ever more difficult at a time of rising political tension. The latest Russian poisoning scandal has highlighted not so much the UK or Europe’s dependence on Russia for energy, but the extent to which energy supply in much of Europe is highly diversified, with multiple sources, delivery methods and intermediaries making it difficult for countries or leaders to intervene for political ends either on the supply or the demand side. |