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The UK lifted its ban on fracking to pursue energy independence as power bills soar, but experts say it's unlikely to help the energy crisis this winter

7 days ago   |   By Business Insider

The UK lifted a moratorium on fracking for shale gas amid the energy crisis. Jae C. Hong/AP Photo
The UK lifted a temporarily ban on fracking amid the ongoing energy crisis.
It had temporarily banned fracking over fears of earthquakes from the shale-gas extraction process.
UK energy bills are expected to be 80% higher in October than they were a year ago.
The UK has lifted a ban on fracking for shale gas, aiming to cut its reliance on energy imports as power bills soar. "In light of Putin's illegal invasion of Ukraine and weaponization of energy, strengthening our energy security is an...
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Banks are revisiting COVID-19 lockdown plans as the looming energy crisis brings fears of winter blackouts

7 days ago   |   By Business Insider

Banks in the city are discussing how to deal with the threat of blackouts during regular talks. Jeff Overs / Contributor/Getty Images
London banks are revisiting their COVID-19 lockdown plans to cope with potential blackouts this winter.
Banks in the city are discussing how to deal with the threat of blackouts during regular talks.
Some banks are considering measures such as using off-site locations or encouraging staff to work from home.
Some London banks are revisiting their COVID-19 lockdown plans to cope with the looming energy crisis this winter. Banks in the City of London have been...
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