New owners apply for permission to extract oil in Horse Hill despite landmark ruling from supreme court in 2024

After years of trying to dig for oil in Surrey, the company behind the drilling project that was turned down in a landmark supreme court ruling has sold off the site for a fraction of the money it spent on it, and rebranded as a clean energy company.

Meanwhile, the new owners, who picked up the site for £1m, are applying, once again, for permission to dig.

Firms manage $7.3tn in assets and could afford to transition away from fossil fuels yet invest in natural gas and coal-fired plants to power datacenters

The energy portfolios of 20 private equity firms produce 1.5bn tons of greenhouse gases a year, more than the annual emissions of any country except China, the US, India and Russia, according to a new report.

Together, these firms manage $7.3tn in assets of all kinds, affording them the ability to shape the pace of the transition away from fossil fuels. However their energy investments include significant fossil fuel assets including natural gas and coal-fired power plants to provide electricity to datacenters.

Labour should replace levy in 2027 rather than 2030 as energy bills are poised to surge over the winter, says lobby group

The North Sea oil and gas industry has called on Labour to scrap the windfall tax on fossil fuel firms three years early, as Britain heads into a winter with energy bills expected to reach their highest level since Russia’s invasion of Ukraine.

Offshore Energies UK (OEUK), the industry’s trade body, wants the tax replaced in 2027, rather than in 2030, with a narrower levy that only applies during price spikes.

Energy Transfer, whose CEO is a major Trump donor, named as biggest single methane producer in new rankings

Down a short gravel track in a largely nondescript corner of Louisiana sits a gas processing facility, operated by a company whose chief executive is a major donor to Donald Trump. It may be the largest emitter of methane in the US.

The Energy Transfer site, located near the city of Shreveport, is named as the biggest single “super-emitter” in new rankings of US oil and gas operations for the largest releases of methane, a powerful greenhouse gas that is rapidly overheating our planet, according to a new UCLA study, which is based on satellite data.

Thousands of miles of new power lines are needed to deliver climate targets and energy security, but bills will rise in the short term and opponents are mobilising

Britain is embarking on one of the largest overhauls of its electricity grid in generations – a megaproject in which five times more infrastructure will be built by 2030 than was constructed during the previous three decades.

Tens of billions of pounds are being spent on new pylons, subsea cables and converter stations to connect a growing fleet of wind and solar farms and carry clean power to where it is needed.