COP 27 and the Carbon “Race to Dubai”

COP 27 and the Carbon “Race to Dubai”

The 27th Conference of Parties (COP 27) to the United Nations Framework Convention on Climate Change (UNFCCC), held in Sharm-El-Sheikh, Egypt at the end of November 2022, saw the usual flurry of activity and intensive negotiations as many parties endeavoured to make...
The Great British Energy Idea

The Great British Energy Idea

In 1976, the Labour Party government of Harold Wilson created the British National Oil Corporation, BNOC. The Yom Kippur war in 1973 and OPEC’s subsequent oil embargo had caused consternation in the Western world and led to Governments scrambling for oil supply....
Transitioning to a Nodal Electricity Market

Transitioning to a Nodal Electricity Market

The arrangements which currently govern the commercial operation of the electric power industry in the UK date back, in large part, to the time of privatisation in the very early 1990s. Simple in conception, if complicated in practice, the main elements included in...
On the future of commodity finance and funding the trade

On the future of commodity finance and funding the trade

Energex guest writer, Kevin O’Reilly offers here a unique take on the financing woes of commodities trading. The 11th Annual FT commodity summit in Lausanne attracted more attention than usual. A European war, persistent Covid-19 related supply-chain issues, and...