City A.M

Latest articles from City A.M

• Everything You Need To Know About Musk’s New Passion Project

  Published 02 March 2021 | viewed 5,265 times

  Elon Musk is nothing if not divisive. But if there’s one thing about the world’s richest man that people tend to agree on, it’s that…

• UK Energy Suppliers To Pay £10.4m Fine For Overcharging Customers

  Published 02 March 2021 | viewed 876 times

  Ofgem has this morning charged 18 energy suppliers, including British Gas, Shell, and Scottish Power, a combined £10.4m for overcharging their customers. In total, over…

• A New Commodities Supercycle Is Looming

  Published 23 February 2021 | viewed 5,180 times

  Bankers at Goldman Sachs were the first off the line, declaring that the Covid-19 had created the right structural conditions for the same kind of…

• Amazon Becomes The Largest Corporate Buyer Of Renewable Energy

  Published 13 December 2020 | viewed 1,850 times

  Amazon has announced 26 new utility-scale wind and solar energy projects, making it the largest-ever corporate purchaser of renewable energy. The company has now invested…

• Shipping Giants Clash With The EU Over Emissions Plans

  Published 27 November 2020 | viewed 2,984 times

  Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the…

• UK Energy Giants Back Carbon Trading Over Carbon Tax

  Published 26 November 2020 | viewed 3,402 times

  Leading energy companies have urged the UK to embrace carbon trading after the Brexit transition period concludes and not adopt a carbon tax instead. In…

• The COVID Vaccine Could Kill The Gold Rally

  Published 23 November 2020 | viewed 3,184 times

  Gold prices were on track to fall for a second consecutive week as investors chanced their arms on equities again on news of not one…

• UK Renewable Giant Suffers Despite Green Energy Push

  Published 19 November 2020 | viewed 3,879 times

  Energy giant SSE today said that profit before tax had fallen a quarter in the first half of the year due to the coronavirus pandemic.…

• Premier Oil Set To Merge With North Sea Rival

  Published 07 October 2020 | viewed 3,462 times

  Premier Oil this morning announced that it had agreed to merge with fellow North Sea explorer Chrysaor in a deal which will make the firm…

• UK Company Buys American Energy Supplier

  Published 30 September 2020 | viewed 3,271 times

  Challenger energy brand Octopus has today continued its international expansion with its first foray into the massive US market. The firm, which has grown rapidly…

• Scottish Oil Explorer Books $324 Million In First-Half Losses

  Published 30 September 2020 | viewed 2,208 times

  Oil explorer Cairn Energy today booked a $324m (£251.8m) loss for the first half after it was hit by a hefty impairment charge related to…

• Boris Johnson: UK Will Lead The World In Transition To A Net-Zero Economy

  Published 25 September 2020 | viewed 3,630 times

  Boris Johnson has said that the UK will lead the world in the world in the transition to a net-zero economy, saying that climate action…

• Is BP Finally Moving Beyond Petroleum?

  Published 22 June 2020 | viewed 25,138 times

  Kneeling in prayer for a sin he doesn’t regret, Shakespeare’s Claudius, Hamlet’s fratricidal uncle, ruefully admits: “My words fly up, my thoughts remain below, /…

• Wood Group Sees Profits Tumble On “Unparalleled” Oil Market Challenges

  Published 22 June 2020 | viewed 15,180 times

  Wood Group has predicted that first-half profits will tumble by nearly one-fifth, amid the “unique and unparalleled challenges” presented by the coronavirus pandemic. The engineering…

• Britain's Largest Solar Farm Gets The Green Light

  Published 01 June 2020 | viewed 9,015 times

  Business secretary Alok Sharma has today given the go-ahead to Britain’s largest solar energy park on the north Kent coast. The Cleve Hill park, which…

• Oil Prices Could Fall Another 20%

  Published 28 March 2020 | viewed 103,910 times

  Brent crude was down four percent Friday afternoon at $27.50 per barrel. US crude was five percent lower at $21.47 per barrel.  Prices were on…

• The Price War Could Kill The UK's Oil Industry

  Published 19 March 2020 | viewed 13,218 times

  The UK’s oil and gas industry has called on the government to help the sector as it faces three separate challenges, that could see production…

• The $638 Billion Cost Of Keeping Coal Alive

  Published 19 March 2020 | viewed 8,606 times

  An estimated $638bn (£489bn) could be wasted worldwide on using coal to generate electricity. That’s according to a report released today which advises international governments…

• The UK Needs To Invest $62 Billion In Wind Turbines To Reach Energy Target

  Published 13 February 2020 | viewed 9,715 times

  According to renewable energy analysts Aurora, in order to fulfil the goal, 260 wind turbines will have to be installed a year, roughly one for…

• UK’s Clean Energy Sector Desperately Needs Fresh Talent

  Published 29 January 2020 | viewed 7,515 times

  According to new research by the National Grid, in total the UK will need to fill 400,000 jobs by 2050 to ensure it makes the…