6th February 2020 | Commercial Energy
Private equity firm Riverstone has sold its stake in Cuadrilla, the UK’s only fracking firm, as the company remains thwarted by Government red tape. The US firm has lost its patience with the nascent UK fracking industry, selling its 45% stake to Australian mining firm AJ Lucas, which was already Cuadrilla’s largest shareholder. The value…Read more
4th February 2020 | Commercial Energy
The UK will ban the sale of new petrol, diesel and hybrid vehicles from 2035, bringing forward the original date by five years. The announcement will come later today when Prime Minister Boris Johnson launches COP26, a major climate summit which will be held in Glasgow in November. The 2035 date could even be moved…Read more
3rd February 2020 | Commercial Energy
The UK Government is over-prioritising carbon capture, usage and storage (CCUS) and biomass in its net-zero plans and failing to account for the impact these technologies could have on land use. That is according to a new report from Chatham House’s energy, environment and resources department. Entitled “Net-Zero and Beyond”, the report analyses the potential…Read more
31st January 2020 | Recycling
Four hundred and four milliseconds. Less than half a second. That’s how long it can take for consumers to decide which product to choose when shopping for groceries, according to a 2011 study. So imagine how much shrift that same shopper is going to give, at the end of a product’s short lift, to a…Read more
30th January 2020 | Recycling
Britain will stop exporting its plastic waste to developing countries under new environment legislation. The Environment Bill has been reintroduced to Parliament with new power to stop plastic rubbish exports to less developed countries, to prevent waste being shipped out of sight and boost the UK’s domestic recycling system. The bill was first introduced in…Read more