MPs voice opposition to Rosebank approval
Dozens of MPs have voiced opposition to approval of the Rosebank oilfield in a letter to the UK Government.
MPs
Hydrogen not a ‘panacea’ for reaching net zero, say MPs
Hydrogen is not the "panacea" for reaching net zero emissions by 2050, MPs have said.
Gas prices: Energy firms warned government two years ago that sector was fragile
The boss of an energy industry body has said her team warned the Government and Ofgem that the sector was fragile at least two years ago.
New appeal for MPs to ‘work together’ on Brexit ahead of repeal bill publication
The Brexit Secretary made a fresh appeal for MPs to “work together” on Britain’s exit from the European Union ahead of the publication on Thursday of the major Repeal Bill to remove the supremacy of Brussels law.
MPs warn of £30-a-year energy bill rise to stop winter blackouts
Energy bills may have to increase by £30 a year in order to ward off winter blackouts as Britain faces a power crisis, MPs have warned.
Government’s Trident renewal motion backed by 140 Labour MPs
Britain’s Trident nuclear weapons system has been given a strong vote of confidence by MPs - including 140 Labour MPs who backed renewing the deterrent.
Energy firms to be quizzed over future of nuclear industry
Energy companies including EDF are to be quizzed by MPs about the future of the nuclear industry.
MPs ramp up pressure on Chancellor for North Sea oil and gas tax breaks
MPs from across the regions which make up the North Sea offshore industry joined forces yesterday to ramp-up the Budget pressure on George Osborne. The chancellor was warned repeatedly of the need to support the oil and gas sector through the downturn and help it thrive in the long term.
MPS back fuel pricing campaign
More than 30 MPs are backing a campaign for the competition watchdog to fully investigate vehicle fuel pricing amid growing anger around the “rip-off” cost of diesel. FairFuelUK said 32 MPs from across all parties had pledged their support this week to its campaign for the Competition and Markets Authority (CMA) to look at retail price changes in relation to oil cost fluctuations, commodity speculation, wholesale prices and distribution costs “to stop further blatant, opportunistic and unfair profiteering taking place at the pumps”. The support comes as the RAC called on supermarket fuel retailers to make further cuts to the price of diesel, saying a reduction in wholesale costs leaves scope for at least another 3p cut.
Ofgem ‘must get its act together’
The energy market regulator, Ofgem, has been sharply criticised by MPs for failing to ensure consumers are getting the best value for money. The Commons Energy and Climate Change Committee said new price caps intended to curb the costs of distributing and transmitting gas and electricity were too generous while performance targets were too low. Committee chairman Tim Yeo said a warning by Ofgem chief executive Dermot Nolan that it could be eight years before it was clear whether the new system was delivering value for money was too long for consumers to wait. The so-called “network costs” currently account for around 23% of a dual fuel (gas and electricity) bill.
MPs claims North Sea industry is using oil price dip as ‘opportunity’
A group of MPs has claimed that the North Sea industry is using the oil price slump as an “opportunity” to cancel projects, sack workers and shelve maintenance work. A motion has been tabled at Westminster and signed by 16 MPs saying that they are “dismayed” by the actions of some employers since the price plummeted. Industry body Oil and Gas UK has written to Alex Cunningham, the Labour member for Stockton North who lodged the motion, to deny that the sector is taking “short-term responses”.
North Sea reforms poised to become law within weeks
Vital North Sea oil and gas reforms remained on track last night after a bid to scupper the plans failed in Westminster. The "cornerstone" of Sir Ian Wood’s recommendations for the future of the sector is now poised to become law within weeks after a wrecking amendment by a group of MPs fell in the Commons. Members of the environmental audit committee tried to remove a section of the Infrastructure Bill which for the first time would enshrine in law "the objective of maximising the economic recovery of UK petroleum".