UK Approves Equinor's Rosebank Oil Project Amid Environmental Concerns
The UK has given the green light for Equinor's North Sea Rosebank oil and gas project, emphasizing energy security despite opposition from environmentalists. The project, which aims to produce 300 million barrels of oil, will be less emissions-intensive due to plans to electrify the extraction process, with the earliest electrification expected by 2030. Critics argue that such decisions could undermine climate ambitions, while the government asserts the importance of domestic fossil fuels for energy security and economic growth.
Shares of UK logistics company Wincanton surged as a bidding war unfolded, sparked by a 26% higher offer from US rival GXO.
Arrival, the UK startup once hailed as an EV trailblazer with its micro-factories producing delivery vans for companies like Uber and UPS, is now in dire straits
The UK government has announced a reduction in National Insurance tax for workers from 12% to 10%, aiming to provide relief amid a cost-of-living crisis.
The United States and China, along with 27 other countries and the EU, have signed the Bletchley Park Declaration on AI during a two-day AI Safety Summit held in the UK.
The UK government's recent pro-motorist policies have contributed to a "greenlash" against ambitious environmental initiatives in Europe.
The UK has given the green light for Equinor's North Sea Rosebank oil and gas project, emphasizing energy security despite opposition from environmentalists.
New Brexit trade rules related to electric vehicles could impose a significant financial burden on European auto manufacturers, potentially costing them £3.75 billion ($4.58 billion) over the next three years, as reported by BBC News.
U.K. Prime Minister Rishi Sunak has announced a delay in several key emissions-reduction targets, including pushing back the ban on the sale of new gasoline and diesel cars from 2030 to 2035.
Mars and DHL have collaborated to establish new logistics centers in the UK, utilizing advanced technology to reduce CO2 emissions by 7.7%.
The Group of Seven (G-7) advanced economies held closed-door financial talks in Japan, focusing on issues such as bank runs, cybersecurity, and building more reliable supply chains for economic security.
A new hydrogen production plant aims to solve the problems with refueling and distribution snags.
London's Congestion Charge is a fee imposed by the government to drivers who wish to enter certain parts of central London during designated times.
The variant of COVID-19 that was said to destroy the Christmas season for retailers in 2021 is now in the backseat as the latest wave of strikes hit the United Kingdom’s rail network.
A “Lean” chemical supply chain depends on the shipper’s ability to keep track of shipments.
Glasgow-based Hydrogen Vehicle Systems (HVS) has unveiled its new clean-sheet-designed hydrogen commercial vehicle, a 40-ton zero-emission HGV (Heavy Goods Vehicle).
Offshore wind pipeline projects have been growing at a record pace with the United Kingdom leading the charge.
The threat of wiping out profits has left businesses across Europe scrambling for a way to deal with the energy crisis after Russia invaded Ukraine.
There seems to be a global trend regarding labor unions… they’ve had enough.
The United Kingdom’s unionized rail workers are taking a stand against what they deem as unfair pay and reform issues in the rail network.
Excited for Christmas presents? Start early this year.
The Port of Felixstowe in the United Kingdom is likely to set to be closed due to union workers striking at the facility towards the end of August.
One month ago, the United Kingdom faced the largest railway strike in three decades - the result was a train network catastrophe.
The UK's economy experienced its strongest growth in almost three years, with a 0.6% expansion in the first quarter of 2024, according to the Office for National Statistics.