The hedge fund run by the co-owner of GB News almost tripled its investments in fossil fuel companies in the first quarter of 2026 to $2.8bn (£2.1bn), the Guardian can reveal. Critics have accused Sir Paul Marshall of “cashing in on climate chaos” and have claimed the news channel, which frequently attacks climate science and
NEW YORK–(BUSINESS WIRE)–Jul 6, 2026– B Capital, a global multi-stage investment firm, today announced the final close of B Capital Ascent Fund III, L.P. (“Ascent Fund III” or the “Fund”) at its hard cap of $500 million in aggregate capital commitments. The Fund was oversubscribed and nearly doubled the size of its predecessor, B Capital
The proposal was first announced by the then Finance Secretary Shona Robison in her budget in January. But at the time the government did not know how much the tax would raise as the measure was not included in the financial modelling. According to the consultation paper, the new bands are estimated to raise between
Ed Miliband will commission hundreds more wind turbines and solar panels after launching a subsidy scheme to companies building renewable energy. A new round of annual grants for developers opens on Monday that will guarantee them a minimum price for their power, inflation-linked and baked in for up to 20 years. The process, known formally
The explosive rise of generative artificial intelligence (AI) has kicked off an unprecedented technological infrastructure boom. Behind seamless text generation, automated coding and multimodal AI models lies a hidden reality: an insatiable appetite for electricity. As tech giants race to build next-generation “AI data farms,” the global energy grid is facing a tectonic shift. Industry
Ofgem has issued an urgent alert “Energy theft” is now costing consumers over £1.4 billion annually(Image: Hispanolistic via Getty Images) Households across the country are being urged to remain vigilant over an escalating problem that could result in imprisonment or even worse – a fatal house fire. Energy regulator Ofgem has issued an urgent warning
Aberdeen Investments successfully acquired US-based MFS Investment Management last week, for a combined assets under management of about £1.5bn. The assets transitioning from MFS will be led by Jonathan Mondillo, Aberdeen’s global head of fixed income, and will focus primarily on the firm’s closed-end funds (CEFs) and bond range. Under the terms of the acquisition,
Soaring energy bills funding Ed Miliband’s net zero push risk triggering factory shutdowns and job losses, warns a new industry report. Make UK, which represents 20,000 manufacturing firms, says that the cost of energy is destroying profits, sending many companies to the wall and risking an £85bn hit to the economy. Stephen Phipson, the Make
FCA review calls for ‘trusted’ AI agents in insurance – Insurance Post Skip to main content End of drawer navigation content A Financial Conduct Authority review into the use of artificial intelligence has both warned of the amplification of fraud and cyber risks and said “trusted agents” could help consumers through addressing protection gaps as
LONDON, July 6, 2026 /PRNewswire/ — Envision Energy, a global leader in green technology, has announced a partnership with Pulse Clean Energy, a leader in energy storage, to deliver a landmark battery energy storage system (BESS) project in Wolverhampton, West Midlands, UK. The project has a total capacity of 129 MW / 310 MWh. It marks