Archive for the ‘Business News’ Category

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2010-2011 CRC League Table

Thursday, December 8th, 2011

Manchester United Tops CRC Performance League Table while Virgin Atlantic is amongst worst performers.

The Environment Agency has published its first Carbon Reduction Commitment Performance League Table (CRC League Table) ranking 2,000 registered organisations on how they manage their business electricity usage and carbon emissions. According to EA’s data more than 60% of the registered companies have installed smart meters or gained good energy management and Carbon Trust accreditation.

2010-2011 CRC League Table

Out of the 2,000 organisations 22 ranked joint first with a weighted score of 202.95 while 800 organisations ranked in the lowest possible position of the CRC League Table with a weighted score of 402.

At the top highlights to Red Football Limited, popularly known as Manchester United, energy regulator OFGEM, UBS, British American Tabacco and the Department of Energy & Climate Change.

On the opposite side of the table there are well known organisations that failed to improve their business energy efficiency or cut down on their carbon emissions. They include Centrica, Virgin Atlantic, Peugeot, the Zoological Society and London and Zurich Financial Services.

The Environment Agency did not disclose information on those organisations that failed to comply with the legislation and will now face fines starting from £45,000.

How the PLT is compiled

The Performance League Table (PLT) ranks the relative performance of the CRC Energy Efficiency Scheme participant against the three weighted metrics: Early Action Metric, Absolute Metric and Growth Metric. Participants with the same weighted score are sorted alphabetically.

Weighted Score – The sum of the score for each metric multiplied by the weighting for that metric. The weighting applied to each metric is dependent on the compliance year to which the Performance League Table relates. The higher the score the better the ranking in the PLT.

Emissions (Tonnes of CO2) – Your “CRC Emissions”. These are the CO2 emissions associated with the CRC supplies of a participant for an annual reporting year.

Early Action Metric (%) – The average percentage of i) the proportion of non-mandatory CRC electricity or gas supplies which are measured through voluntarily installed “automatic meter reading” meters or dynamic supply in year 1 and ii) CRC emission coverage by the Carbon Trust Standard or equivalent.

Absolute Emissions Metric (%) – The percentage change in the CRC Emissions of a participant (not applicable for the first reporting year).

Growth Metric (%) – The percentage change in CRC Emissions per unit turnover or revenue expenditure for an annual reporting year (not applicable for the first reporting year).

Those interested in the CRC League Table can download the PLT here.

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BBC accused of wasting £406,000 of public money a year on bottled water

Wednesday, August 12th, 2009

Broadcaster is assessing ‘health issues’ of tap water after a freedom of information request revealed cost to licence fee payers.

water fountain
The BBC spends nearly half a million pounds a year on bottled water for water coolers. Photograph: Getty Creative

The BBC has been accused of wasting public money and creating unnecessary environmental damage by spending nearly half a million pounds a year on bottled water. Responding to a freedom of information request from the Guardian, the public broadcaster said it spent £406,000 annually on large bottles for its water coolers.

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EDF Energy response to decision by Office of Fair Trading into Centrica acquisition

Monday, August 10th, 2009

edf logo

EDF Energy welcomes the decision by the Office of Fair Trading to give merger clearance to the anticipated acquisition by Centrica from EDF Group of a 20% interest in British Energy. The OFT has concluded the transaction will not have an adverse effect on competition in any UK market.

The OFT decision is a key step in completing the proposed transaction but there are still other conditions that need to be met before we can finalise the deal.

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Paying to keep oil in the ground

Monday, August 10th, 2009

Should the world pay Ecuador not to extract oil? President Rafael Correa’s argument makes perfect economic sense.

oil drilling

Ecuador’s President Rafael Correa is often dismissed as a radical leftist. Such has been the response to his proposal that the world pay him not to extract oil from Yasuni National Park in the western Amazon.

Yasuni is home to almost 850 million barrels of oil, or 20% of Ecuador’s reserves.

A closer look at Correa’s proposal reveals that it comes straight out of an economics textbook, and makes perfect sense.

Ecuador has a national income of $7,500 in purchasing power terms, and the top 20% of Ecuadorans have more than half that income. More than half of Ecuador lives on less than $2 per day.

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How can I invest my money more ethically?

Monday, August 10th, 2009

You don’t have to dig deep to avoid investing in companies that degrade the planet or displace indigenous people, says Lucy Siegle.

Despite frequent “assurances” of more self-regulatory initiatives than you could use to fill a redundant deep-cast gold mine, the resource-extraction industries continue to represent an epic blot on the landscape. And humankind largely continues to turn a blind eye to a charge sheet that includes dispossession of local inhabitants from their land, the degradation of soil and water, and the loss of biodiversity.

The irreversible loss of “genetic and species diversity by the destruction of natural habitats” is said by the great biologist Edward Wilson to be “the folly that our descendants are least likely to forgive us for”.

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Pass on energy price cuts, utilities told

Friday, August 7th, 2009

Ofgem, the energy regulator, has demanded that Britain’s gas and electricity companies explain to customers why their energy bills have not fallen more sharply.

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Alistair Buchanan, the watchdog’s chief executive, has written an open letter saying the big six utilities “owe it to consumers to explain how falling wholesale costs are likely to bear on future energy bills”.

The utility companies have cut their prices by 10pc or less this year, after much sharper rises last year. “Wholesale costs have fallen from last year’s peak. In a strong competitive market, we would expect prices to respond,” Mr Buchanan wrote on the regulator’s website.

The Energy Retail Association, which represents power and gas suppliers, said last year’s price rises were not fully passed on.

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USMC Energy Summit: 13 August 2009

Thursday, August 6th, 2009

A one-day energy summit has been announced, open to all who care to attend. It’s titled: “Lightening the Load–Reducing the Footprint in the Expeditionary Environment – A National Security Imperative for Success.”

Here’s more info from the announcement:

The Commandant of the Corps is hosting a one day Energy Summit to elevate awareness and understanding of what the Marine Corps is doing to reduce energy consumption and reliance on fossil fuels, what we are experimenting with, and what our energy challenges are.

The topics discussed will cover operating in a expeditionary environment (lightening the load, reducing energy inefficient battlefield designs), and energy challenges at installations (attaining self sufficiency, sustainability, and reducing installation vulnerabilities).

Keynote Speakers include: National Security Advisor, Gen (ret) James L. Jones (invited), Secretary of the Navy, The Honorable Raymond Edwin Mabus, and Commandant of the Marine Corps, Gen James T. Conway.

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Energy security analysis welcomed

Thursday, August 6th, 2009

The UK is on track to meet the challenge of securing energy supplies both internationally and domestically, a new report commissioned by the Prime Minister Gordon Brown concluded today.

world energy

The report – ‘Energy Security: a national challenge in a changing world’ report – by the Prime Minister’s Special Representative on International Energy, Rt. Hon. Malcolm Wicks MP complements the actions set out in the recently published UK Low Carbon Transition Plan. It finds that many of the actions being taken to reduce climate risk also need to be sustained to tackle energy security.

Prime Minister Gordon Brown welcomed the report and said:

“We are already taking a number of responsible far-sighted steps to put the UK on a secure, low carbon, affordable energy footing in the long-term and I am grateful for the work undertaken by Malcolm Wicks. The ability to maximise domestic energy reserves and establish home grown energy sources is vital alongside the UK’s ability to pull on every lever internationally in support of energy security.”
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BGlobal Smart Meter Updates:

Thursday, August 6th, 2009

As part of war on climate change, or at least as part of the PR game of trying to look as green as possible, the Government is trying to get us all to have smart meters installed in our homes to measure our energy use.

The Department for Energy and Climate Change reckons the smart meter market is set to be worth £9bn by 2020, and one company believes it has got a head start on many of its rivals.

smart meter with a kettle

However, even the Aim-listed BGlobal, which manufacturers smart meters, concedes that one of the problems facing the smart meter industry is that customers can change energy provider. Utility companies are therefore reluctant to pay for the meters and leave them in the homes of people who then opt to use other providers.
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Climate Change Agreement:

Thursday, August 6th, 2009

The British Plastics Federation (BPF) is in the final stages of entering into a climate change agreement (BPF CCA) for the plastics sector with the Department of Energy and Climate Change (DECC).

This Agreement has the potential to save the UK plastics industry more than £50m per annum in climate change levy (CCL) payments until the year 2017.

pollution

For companies with a qualifying site in the UK the agreement can result in an 80% discount on the CCL they pay on electricity and LPG. This scheme will be attractive to companies consuming in excess of 250,000 kWh per annum.

Strict entry deadlines have been put in place by DECC and the BPF director-general, Peter Davis, is calling on all plastics firms to act now to start the registration process for claiming their levy discount. “At last the plastics sector has been put on a level playing field with other materials that already have CCAs,” said Davis. “Furthermore, the discount afforded by a CCA will go straight back into investment to improve further the efficiency and competitiveness of the industry.
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