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UK oil industry urges incoming Prime Minister Andy Burnham to approve new North Sea drilling projects, framing the request as supporting manufacturing and energy independence amid leadership transition.
The Bank of England will prohibit commercial banks from using bonds tied to thermal coal as collateral for loans starting in October, marking a significant policy shift aimed at reducing financial exposure to polluting industries.
US private equity firms KKR and Energy Capital Partners agree to acquire Dublin-based energy company DCC for £5.75bn, though the deal faces opposition from the founder and major shareholders.
Australia’s renewable energy output reached record levels in the second quarter, with coal and gas generation falling significantly while battery storage capacity expanded rapidly, driving wholesale electricity prices to their lowest levels since 2020.
Germany’s hydrogen industry reported nearly 6 GW in pipeline network reservations, but analysis reveals the figure combines entry and exit capacity in ways that overstate actual commercial commitment to hydrogen demand.
Massachusetts pension fund MassPRIM has completed a climate-risk review of active equity managers and plans to use findings to evaluate manager quality and select new managers.
