No 10 hands Jaguar Land Rover £500m loan to develop electric cars

Meeting of carmakers also told of plan for new houses to have EV charging pointThe government has handed Jaguar Land Rover a £500m loan guarantee to help accelerate its progress in the global electric vehicle race.Theresa May said the loan would help B…

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New UK nuclear funding model could leave taxpayers liable

Ministers are expected to announce plans to bolster nuclear industry this weekThe government will set out plans to resuscitate the UK’s struggling nuclear ambitions with a new scheme which would leave taxpayers liable for rising costs or delays.The fun…

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Electric cars could form battery hubs to store renewable energy

By 2050, National Grid predicts, 35m electric cars will supply energy when neededA fleet of 35m electric vehicles could help the UK reach its net-zero carbon target by forming large battery hubs to store renewable energy, according to the country’s ene…

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BP solar firm blazes ahead in search for UK’s shiniest grass

Lightsource hopes renewable energy at its solar farms will be boosted by double-sided panelsBP’s solar subsidiary is on the hunt for Britain’s shiniest grass to help make the most of new double-sided solar panels that can harness light reflected off th…

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US insurer Chubb to stop investing in or selling policies to coal firms

Company becomes latest to make pledge as risks of climate crisis become clearerChubb will become the first US insurer to turn its back on the global coal industry by beginning to phase out its coal investments and insurance policies within the next thr…

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UK’s big energy firms accused of failing to tackle climate crisis

Shell, BP and Centrica have talked of backing EU emissions target but withheld support The UK’s largest energy companies have withheld support for a legally binding target to reduce the EU’s emissions to net zero by 2050, even while publicly backing th…

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Centrica, owner of British Gas, plans to axe 700 jobs in the summer

Group blames falling customer numbers and government cap on standard energy tariffsThe owner of British Gas will axe another 700 staff from its UK offices this summer as part of a total cut of 4,000 intended to weather challenges in the energy market.T…

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