Latest news
UK: The Big Six energy firms increased their profits five fold
According to informations from Ofgem, UK’s energy regulator, the Big Six energy suppliers saw their profit margins in the supply of gas and electricity increase to 4.3% in 2012, in comparison to 2.8% a year before. The big six operators made £53 profit per household customer last year, compared to £30 in 2011.
read more... 26/11/2013
CO2 emissions at their highest level ever in 2012
According to a new research made by Global Carbon Project, a group of international scientists from the UK, Norway and Germany, global greenhouse gas emissions from burning fossil fuels reached the highest levels in human history last year and are likely to grow even further this year.
read more... 25/11/2013
UK to stop funding coal- fired power plants overseas
Ed Davey, Britain's energy secretary, has announced on Wednesday that the UK, as the US, would stop funding coal projects in developing countries. The objective is to cut greenhouse gas emissions and to encourage low-carbon development. The announcement was made at United Nations climate talks in Warsaw where the fossil fuels have been at the centre of a storm. About 90% of the Poland's electricity comes from coal, and the government has been resistant to EU calls to strengthen emissions reduction targets.
read more... 21/11/2013
Ukraine and Slovakia on the verge to sign a milestone gas deal
Gas pipeline operators in Ukraine and Slovakia are on the way of striking a deal which will allow the European Union to ship gas through Slovakia to Ukraine, easing Kiev's dependence on Russia, the European Commission said.
read more... 20/11/2013
Ukraine: Shale gas potential to bewitch Western companies
Ukraine has inked a $10 billion shale gas production-sharing agreement with U.S. Chevron, driving the country a step closer towards an energy independence from Russia.
read more... 18/11/2013