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Top stories from Thursday 7 May 2026

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  2. #9

    Scrapping carbon pricing would cost the UK 

    Scrapping carbon pricing would hit British exporters with billions of pounds of extra taxes and lock them out of key overseas markets, as well as deterring investment in the UK – while also failing to cut energy bills. That’s the conclusion of a new report by Energy UK, which shows that any bill savings from scrapping carbon pricing would be more than wiped out by increasing the cost of gas for electricity generation, industrial use, and domestic… Read more

    Energy UK
  3. #11

    BP plans to sell shares in flagship carbon projects as it pulls back from green agenda

    Oil firm seeks to reduce stake in carbon capture and storage projects in north-east of England after schemes fail to win over shareholders BP plans to sell stakes in two flagship carbon capture and storage projects in the north-east of England as the company continues to retreat from the green agenda. The oil company hopes to reduce its share in the Net Zero Teesside (NZT) project, which aims to develop the UK’s first gas power plant to be fitted with a controversial carbon capture system to remove its emissions. Continue reading...

    The Guardian Energy