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Business 07 Apr 2021 | 7:00 AM

Enbridge’s green push could use Canadian tax credits

ALBERTA: Enbridge Inc’s push into new frontiers of the energy transition such as carbon capture and clean hydrogen production could use Canadian tax credits similar to those in the US, the company’s CEO said.

Energy 28 May 2020 | 7:00 AM

EDF moves closer to second new nuclear project in Britain

LONDON: Electricite de France SA’s (EDF) ambition to be a superpower in nuclear plant construction is now a step closer with its £16bil (US$20bil) Sizewell C station in Britain moving to the next stage of the construction process.

Corporate News 14 Feb 2020 | 7:00 AM

Centrica profit dives, gas glut forces £1bil charge

LONDON: Centrica Plc’s full-year profit plunged, missing estimates, because of the negative impact of the government’s price cap and declining natural gas prices. The UK’s biggest energy supplier to homes also booked an impairment of more than £1.1bil (US$1.4bil) because of a decline in the value of the company’s oil, gas and nuclear assets.

Business 11 Jan 2020 | 7:00 AM

French solar farm owner to increase spending

PARIS: French solar farm developer Tenergie SAS and a financial partner are considering a capital spending increase and plan to buy clean power operators to help expand into the wind and hydro-power sectors as demand for cleaner energy continues to increase.

Business 05 Mar 2019 | 12:00 AM

Europe’s energy traders getting fat bonuses

LONDON: After a few years of roughly stable payouts for many of Europe’s energy traders, big bonuses are back for the cream of the crop.

Banking 19 Oct 2018 | 12:00 AM

Deutsche Bank, Siemens CEOs waver on attending Saudi event

MUNICH: The heads of Deutsche Bank AG and Siemens AG, two of Germany’s biggest companies, are among a dwindling number of high-profile delegates still scheduled to attend an investment conference in Saudi Arabia following the disappearance of dissident journalist Jamal Khashoggi.

Technology 10 Jul 2018 | 12:00 AM

UK’s ageing nuclear fleet offers target for China’s atomic tech

HONG KONG: The possible replacement of the UK’s ageing nuclear reactor fleet may offer China’s ambitious atomic power companies an outlet for investment and technology.

Business 28 Mar 2018 | 12:00 AM

UK officials in talks to kick-start tidal power plan

LONDON: UK officials are in intensive talks with their Welsh counterparts to kick-start a tidal power plan by copying the controversial contract awarded to Electricite de France SA (EDF) for its Hinkley Point nuclear power project.

Business 12 Feb 2018 | 12:00 AM

Corbyn evokes WWII rebuild with call to nationalise UK grids

LONDON: UK Labour Party leader Jeremy Corbyn issued a call on Saturday to overhaul the British economy, presenting a vision in which the nation’s power and gas grids are brought back into public ownership.