News Summary
Scottish energy company faces a decision on going private or remaining publicly trading company, prompting debate on future direction and ownership structure.
Should the totemic Scottish energy company stay public or throw its lot in with private capital, wonders Jeremy Grant.
British oil companies could suffer around 500,000 job losses and be forced to spend more than £600bn cash in the financial services sector. Unless they prepare for the value of fossil fuels to collapse as a result of climate crisis regulation and legislation.
The looming financial problems is causing the board to seriously consider their options.
Closure of the country’s two nuclear power stations
A new independent advisory commission should be set up to look at how to meet Scotland’s energy needs, with a report warning “difficult decisions” will need to be taken on how to cope with a looming energy shortfall.
The closure of the country’s two nuclear power stations, Hunterston B and Torness, by 2030 will result in “a shortfall of electricity generation in Scotland” unless alternative sources of power are established.
But a new report from the Royal Society of Edinburgh argued a “no pain, no gain” situation exists in energy policy.
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Gulf interest in Wood Group highlights Scotland’s renewables promise – Jeremy Grant
Should the totemic Scottish energy company stay public or throw its lot in with private capital, wonders Jeremy Grant