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UK energy groups under pressure to use windfall profits for green investment

UK energy groups under pressure to use windfall profits for green investment

Britain’s electricity generators will face pressure from ministers to invest their “extraordinary profits” in new green energy projects, rather than paying out the windfall to shareholders.

Some have made huge profits from surging electricity prices that have risen in line with the soaring cost of gas, even if the power they produce comes from renewables or nuclear energy.

Chancellor Nadhim Zahawi will on Thursday keep alive the…


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Trump refused to answer questions in deposition for New York AG Letitia James, takes Fifth in probe of business

Trump refused to answer questions in deposition for New York AG Letitia James, takes Fifth in probe of business