Bloomberg Growth in energy demand was declining even before the coronavirus pandemic spread globally, keeping consumers under lockdown and sending prices to record lows, BP Plc said Wednesday. The oil major’s annual Statistical Review of World Energy showed that growth in primary energy consumption slowed to 1.3% in 2019, almost half the rate of a year earlier. Renewable energy comprised ...

Bloomberg SSE Plc’s shares jumped after the utility committed to building a giant onshore wind park that’ll be key to the UK’s fight to slash its carbon emissions. The 443-megawatt Shetland Island wind farm is part of a $9.4 billion spending spree announced by the Scottish utility on Wednesday that’ll go towards decarbonisation projects in the next five years. Shares ...

Bloomberg Spending on renewable power is set to overtake oil and gas drilling for the first time next year as clean energy affords a $16 trillion investment opportunity through 2030, according to Goldman Sachs Group Inc. Renewables including biofuels will account for about a quarter of all energy spending next year, up from about 15% in 2014, Goldman analysts including ...