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The Latest Breaking News on Energy

Big new incentives for clean energy aren't enough – the Inflation Reduction Act was just the first step, now the hard work begins

The new Inflation Reduction Act is stuffed with subsidies for everything from electric vehicles to heat pumps, and incentives for just about every form of clean energy. But pouring money into technology is just one step toward solving the climate change problem.

The Conversation

The perfect storm battering the UK economy

From inflation to the war in Ukraine the economy is facing major challenges

Birmingham Post

Labor prepares trigger if gas falls short

Resources Minister Madeleine King says regulations are now in place to enable her to use the gas trigger next year to deal with any shortfall in supply.

AAP

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NATO races to counter Russia’s threat in Europe’s weak spot

BUCHAREST: It didn’t take long after Russia attacked Ukraine for French Colonel Clement Torrent to get his orders: He had six months to build a base for 1,000 soldiers on NATO’s eastern frontier.

Bangkok Post

I worked for BP for 30 years – the energy sector has become incompetent and greedy

If these profiteering firms are failing to meet society’s needs, the government should take them back into public control, says Nick Butler, a former vice-president at BP

The Guardian - UK

Former BP chief urges freeze to UK energy price cap to help households

Ofgem should stop rises in cap, and energy firms unable to offer lower bills should be nationalised, says Nick Butler

The Guardian - UK

The people who won't be paying their energy bills when the price caps rises

'I do not know how we would be able to afford this latest increase'

Bristol Post

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13 states lose access to spot power market over Rs 5,000 crore dues

NEW DELHI: National grid operator Posoco has blocked access of 27 power distribution companies (discoms) across 13 states to electricity exchanges for failure to clear a cumulative bill of Rs 5,085 crore dues of generation companies.

The Times of India

Morning mail: Timor-Leste plays China card, pensioners charged for antivirals, Bali bomber to go free

Friday: Timor-Leste president José Ramos-Horta may look to Beijing to secure a gas pipeline. Plus: where to holiday to escape a third La Niña

The Guardian - AU

Sky's the limit for emission reduction targets

Australia's largest greenhouse gas polluter, AGL, says it is keen to work with the federal government to reduce emissions.

Newcastle Herald

Centre hikes windfall tax on diesel, ATF exports; cuts tax on domestic crude oil

These new windfall taxes will kick in from August 19, says the finance ministry

The Hindu

Timor-Leste warns it will work with China if Australia insists on pumping Timor Sea gas to Darwin

Exclusive: President José Ramos-Horta says his country’s leadership ‘has to make decisions … if necessary a trip to China’

The Guardian - AU

Liz Truss facing questions over closure of gas plant as energy storage 'decimated'

Labour has called on the Tory leadership favourite to explain whether she was involved in the decision to close the Rough natural gas storage facility in 2017

Daily Mirror

Government and energy companies blasted after warnings of potential blackouts

It comes after some of the world's biggest energy companies posted soaring profits in recent weeks

Chronicle Live

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The Independent UK

Climate bill's unlikely beneficiary: US oil and gas industry

Renewable energy incentives in the climate bill signed by President Joe Biden are expected to drastically reduce overall U.S. emissions

Reuters

Explainer-Could Germany keep its nuclear plants running?

German grid operators are close to releasing the results of power transmission system stress tests, factoring risks from an escalation in the Russian gas supply crisis, as the country considers longer lifespans for its nuclear reactors.

The Guardian - UK

‘We got too comfortable’: the race to build an LNG terminal in north Germany

Country is hoping a new North Sea terminal can supply 8% of its gas usage as war in Ukraine upends energy policy

Daily Mirror

Russia warns nuclear plant disaster will spill radiation over three European countries

A nuclear power plant in Ukraine could cause a disaster covering large parts of Europe, Russia has warned. Fighting and shelling has been seen around the plant in recent weeks with Ukraine and Russia blaming each other

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The Hindu

Oil at six-month low | Petrol at breakeven, losses continue on diesel

Brent crude oil was trading at ₹94.91 per barrel on August 18

The Independent UK

Germany lowers natural gas tax to ease burden on consumers

German Chancellor Olaf Scholz says the government will temporarily lower taxes on natural gas to ease the financial pressure on people struggling with soaring energy costs

Reuters

Explainer-What is at stake for investors in Angola's elections?

Angolans will vote on Wednesday for a new president and parliament in what looks set to be the closest election in Africa's second-biggest oil producer since the country won independence from Portugal in 1975.

Birmingham Post

Orsted reaches landmark recognition agreement with union for wind farm teams

Prospect will be the sole negotiating body for the 450 staff it employs across the UK

The Japan News/Yomiuri

Mitsubishi asked to mull new Sakhalin-2 investment

The government asked Mitsubishi Corp. to consider investing in the new Russian operator of the Sakhalin-2 oil and gas project in Russia's Far East during a meeting between Economy, Trade and Industry Minister Yasutoshi Nishimura and Mitsubishi President Katsuya Nakanishi.

Insider UK

Up to 900 jobs created in Hunterston renewable energy project

Work transfer opportunities are expected for local employees, following the decommissioning of the nearby power nuclear station

Liverpool Echo

Octopus Energy, British Gas, E.on and ScottishPower energy bills update

The price cap on energy bills might rise even more than previously thought

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