The announcement by the UK Government last month that it intends to ban the sale of petrol, diesel and hybrid cars by 2035 may well be a distraction from the utter mess it’s making of the arrangements for the United Nations COP26 summit in Glasgow later this year.
Aggreko has seen its pre-tax profits drop from £130million to £102million, affected by a number of factors including the slowdown in the North American oil and gas sector and civil war in Yemen.
The power provider has created two separate business units which came into effect this month as it looks to adapt to market conditions.
It said the move will include the “streamlining” of back-office processes and closing some depots.
The Irish-Scottish Links on Energy Study (ISLES) project partners are set to announce their key emerging findings from the second phase of their research at All-Energy 2015.
The project is a collaboration between the Scottish Government and its counterparts in both Ireland and Northern Ireland.
It aims to both facilitate and stimulate investment in an offshore transmission network to support the integration of renewable energy resources.
The University of Glasgow has become the first in the UK to commit to taking its money out of fossil fuels.
A decision was made by the university court on Wednesday which will see about £18million currently invested in fossil fuels reallocated over the next 10 years.