The UK is being left behind in the race to develop and deploy green technologies because of an unwillingness to invest in its industrial strategy, a leading thinktank has said.
The UK’s Universities Superannuation Scheme and Borders to Coast plan to vote against the renewal of some directors at Shell and BP at their annual meetings if the companies don’t improve their commitments to carbon emission reductions, the Financial Times reported, citing representatives from pension funds.
The British government is in talks with the United States and European Union to prevent potential trade barriers from harming its position in the green-energy race.
The use of green ammonia to decarbonise shipping may get a major boost when US-based startup Amogy demonstrates its technology to power a tugboat in late 2023, but policy support is needed to deploy the fuel at scale.
Government advisors say hydrogen, CCUS, storage and smarter demand must all be rolled out faster if the UK is to achieve a zero-carbon electricity system by 2035.
Recently, Energy Voice looked into the widely reported skills shortage in the renewables sector, finding that some believe hydrocarbon workers not going green due to differences in pay.
Geothermal Engineering Limited (GEL) has secured £12 million in funding from private-equity energy specialist firm Kerogen Capital.
Activists have hit out at a Shell boss being given joint oversight with the regulator for the North Sea industry energy transition.
Deutsche Bank (ETR:DBK) has tightened its policy for coal investing but campaigners warned “it fails the key litmus test of climate credibility”.
Concerns surrounding energy security have been found to be higher on the list of priorities than clean and affordable energy for firms globally.