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European banks are treating hydrogen primarily as a niche industrial application rather than a transformative economy-wide solution, with financing flowing only to projects with existing demand like refineries.
The Bank of England will stop accepting bonds linked to thermal coal as collateral for key loans starting in October, marking a significant policy shift welcomed by climate advocates.
Private equity consortium KKR and Energy Capital Partners agreed to acquire UK-listed energy firm DCC Energy for £5.75bn, though the deal faced opposition from founder Jim Flavin and major shareholders.
Oil prices fell sharply and European stocks rallied after Trump cancelled planned Iran strikes and announced imminent peace talks, though Tehran disputed his claims.
BP’s chief executive urged the UK prime minister to prioritize domestic oil and gas production as the company prepares to exit its North Sea operations after 60 years.
Great Britain’s electricity system operator can now implement rotating blackouts with just eight hours’ notice under new rules designed to prevent widespread power system collapse during supply shortages.
