#energy industry

#energy industry

U.S. energy firms paid $42 billion to foreign entities, contrasting sharply with lower payments made domestically, raising concerns over fair taxpayer compensation. [ more ]

GE Vernova is downsizing its offshore wind sector due to financial and operational troubles, impacting jobs and the broader wind energy market. [ more ]

Javier Aguilar pleaded guilty to participating in a bribery scheme, highlighting systemic corruption in the international commodities market. [ more ]

The Treasury has promised to keep investment reliefs on low-carbon projects to protect jobs and soften the impact of the energy windfall tax. [ more ]

North Sea facing crisis with increased energy profits levy and removal of investment allowance. [ more ]

Saudi Arabia is embracing solar and wind power to shift towards renewable energy sources despite its rich oil reserves. [ more ]