New analysis has outlined “huge concerns” for UK taxpayers around whether oil and gas firms will be able to meet their hefty decommissioning costs, with some rising above their company market values.
Customers have been paying too much for their electricity for seven years because regulator Ofgem set the bar too low for networks, the spending watchdog has said.
Customers have been paying too much for their electricity for seven years as regulator Ofgem set the bar too low for networks, the spending watchdog has said.
The Government's plan to establish the UK shale gas industry through the controversial process of fracking is taking longer than expected, a new report has said.
The UK Government has agreed to pay up to £400million in oil and gas decommissioning relief to one of Japan’s largest trading companies.
Decommissioning the nuclear site at Sellafield faces continued delays and an overspend of up to £913 million, according to an official report.
A report published by the National Audit Office has found a lack of ‘criteria or evidence’ that the Green Investment Bank (GIB) actually served its intended purpose.
Fundamental failures in awarding a £6.2 billion deal to decommission the UK's ageing fleet of Magnox nuclear power stations cost the taxpayer £122 million, an official report has found.
Fundamental failures in awarding a £6.2 billion deal to decommission the UK’s ageing fleet of Magnox nuclear power stations cost the taxpayer £122 million, an official report has found.