On the day that the UK has officially launched the world’s biggest offshore wind farm at Thanet, off the Kent coast, Chris Huhne, the energy secretary, writes exclusively for Energy Source on why the development means so much to the UK.
But the UK’s commitment to renewables is coming under increasing fire from industry. Jeremy Nicholson of the Energy Intensive Users Group, says the government is over-committed to renewables. You can have your say below.
Get ready. The world’s biggest share issue will be priced on Thursday – and the indications are it will be a resounding success, at least for the company, Petrobras, and its controlling shareholder, the Brazilian government.
Brokers and fund managers are suggesting the offer will be between 30 and 100 per cent oversubscribed. And expectations of such an oversubscription appeared to have boosted Petrobras’s shares: as of 1500 BST, they were outperforming the market in São Paulo – up 1.8 per cent.
What will Tony Hayward do with the time he frees up by stepping down as BP CEO in just over a week? One audacious bid for his services comes from Hello Electric, an anti-oil campaign group which is supported by Purpose Campaigns – a New York-based company dedicated to supporting progressive social change.
Hello Electric is asking Hayward, who attracted ire in the US following the gulf oil spill, to embody his company’s former slogan and move “beyond petroleum” by becoming an advicate for electric cars. They even have a petition on their website for people to sign.
Here is their pitch:
During his tenure as CEO of BP, Tony Hayward and BP talked a lot about the need to move beyond petroleum. But with the massive gulf oil spill this April, he quickly became a symbol for the environmental damage caused by the oil industry. He has apologized for mistakes made, but we want to offer him an opportunity to take a real step towards a world beyond petroleum.