Latest news
Spain gets the EC green light to provide €2.13bn aid for the closure of uncompetitive coal mines
Spain received the green light from the European Commission (EC) to provide €2.13 billion (£1.62bn) in public funds to close 26 uncompetitive coal mines in the country.
read more... 02/06/2016
French Engie considers potential closure of its Hazelwood coal-fired power plant in Australia
French utility Engie, the operator of giant Hazelwood coal-fired power plant in Australia, mulls closing or sale of the unity, but the state government insists "no decision has been made".
read more... 26/05/2016
Vattenfall demands Sweden to abolish nuclear tax to save reactors
State-owned Swedish utility Vattenfall called on Wednesday to end tax on nuclear power in Sweden to avoid early closure of its loss-making nuclear reactors and probable increase in electricity prices.
read more... 28/04/2016
Daily: Crude oil prices post a 6 % hike on U.S. inventories draws, Keystone closure
Crude oil prices boosted more than 6 percent on Friday to post the largest weekly gain in a month as a decline in U.S. crude inventories fed hopes that a heavy global oversupply may be approaching a turning point after nearly two years. The closure of the Keystone crude pipeline to Cushing, Oklahoma spurred U.S. crude futures. Oil also received support after Russia said its crude output declined in April, ahead of a meeting of major oil-producing countries in Doha intended to freeze output. Brent crude futures rose $2.51, or 6.4 percent, to settle at $41.94 a barrel, attaining a session peak of above $42. U.S. crude futures climbed $2.46, or 6.6 percent, to end at $39.72. Earlier, it climbed to nearly $40.
read more... 11/04/2016
Closure of Longannet coal-fired power station brings the end of an era in Scotland
Scottish Power will on Thursday halt production at the country's last coal-fired power station, the 46 year old Longannet Power Station in Fife, blaming high carbon taxes and transmission charges made it “uneconomic”.
read more... 24/03/2016