It was meant to be the greenest government ever.  That was back in the days before Cameron became Prime Minister.  But even as late as 2011, George Osborne was promising to leave the rest of the EU in Britain’s green wake.  Indeed, despite cutting subsidies to renewables, scrapping research into …

Britain faces a looming energy crunch that is in its way as bad as the credit crunch of 2008.  The crisis is threefold.  First, the UK’s internal supply of fossil fuels has been falling rapidly.  The North Sea is now producing just a third of the oil and gas that …

Despite political claims to the contrary, most of Britain’s FTSE 350 firms are unconcerned with Brexit.  A growing number are, however, worried about developments in the wider economy, according to a new survey by ICSA The Governance Institute. Fewer than half the respondents (43%) rated a UK exit from Europe as …

Despite the best efforts of the UK government, 10 percent of Britain’s energy will be generated from offshore windfarms thanks to a deal between SSE, Copenhagen Infrastructure Partners and SDIC Power of China, to build Beatrice offshore wind farm, according to industry trade body RenewableUK.  RenewableUK’s Chief Executive Hugh McNeal …

Without electricity storage, we stand no chance of maintaining our economy using renewable energy.  Unfortunately, we lack any scalable battery technology to meet this challenge.  However, the problem might be that we are looking for answers in the wrong places.  Rather than a single hi-tech solution, a dispersed combination of …

There are three possible futures for the global economy, according to Satyajit Das at the Independent.  First, there is the highly unlikely Lazarus scenario in which the global economy is risen from the dead by the economic wizardry of the central banks: “Such an outcome is unlikely. The fact that …

Last week we saw yet another headline proclaiming that another country had produced all of its electricity from renewables.  This time it was Portugal; the week before it was the UK that – for all the wrong reasons – went “coal free”.  Before that, Germany and Denmark have, on occasion …

Recent proposals from the UK Competition and Markets Authority bolster the position of the big banks, according to Alex Hawkes at This is Money: “Big banks have to set aside substantially less capital to issue mortgages. They pay rock bottom rates for funding because they are sitting on hundreds of …

Low oil prices since 2014 are taking their toll on the economy of Saudi Arabia according to Ambrose Evans-Pritchard at the Telegraph: “Saudi Arabia faces a vicious liquidity squeeze as capital continues to leak out the country, with a sharp contraction of the money supply and mounting stress in the …

New Orleans – a city that is already below sea level – is sinking much faster than was previously believed; and it isn’t just climate change that is responsible.  New research published in The Journal of Geophysical Research found that the city is sinking by 2 inches (5 cm) per …