Tag Archives: cap

BPs Shift ‘Back to Petroleum’ Prods Consideration of a Climate Oil Price Cap

BPs Shift 'Back to Petroleum' Prods Consideration of a Climate Oil Price Cap

BP’s recent journey points to the need for instruments that influence profits specifically, and notably reconsideration of the controversial price control tool: a climate-driven price cap on oil. Credit: Bigstock Opinion by Philippe Benoit (washington dc) Monday, March 13, 2023 Inter Press Service WASHINGTON DC, Mar 13 (IPS) – BP, the …

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Germany will borrow nearly $200 billion to cap consumers’ energy bills | CNN Business

Germany will borrow nearly $200 billion to cap consumers' energy bills | CNN Business

London CNN Business  —  The German government announced plans to borrow €200 billion ($195 billion) to cap natural gas prices for households and businesses. That’s a bigger price tag than the £150 billion ($165 billion) the UK government is expected to borrow to finance its own price cap. Germany, Europe’s …

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Liz Truss energy bills cap will fail to protect poorest, say thinktanks

Government plans to cap energy bills are “poorly targeted” and will fail to protect low-income families without a package of additional support, charities and thinktanks have warned. Liz Truss is expected to announce a £90bn package to cap average household energy bills on Thursday, alongside subsidies for small and medium-sized …

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