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☆ Drax project for controversial ‘carbon negative’ power plant gets UK government green light
▼ + stars: | 2024-01-16 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

CNN —The UK government approved a £2 billion (around $2.5 billion) project on Tuesday to create a “carbon negative” wood-burning power plant. Energy secretary Claire Coutinho’s decision greenlights a plan to bolt carbon capture units onto two generators at a power station in Yorkshire, northern England, run by Drax. Once the most polluting power station in western Europe, Drax switched from burning coal to burning biomass — mostly wood pellets — in 2019. The power station in Yorkshire, which produces around 4% of the UK’s power, mostly burns wood imported from North America. Some scientists have cast doubt on the climate credentials of burning biomass.

Persons: Claire Coutinho’s, Drax, “, ”, Tomos Harrison, Ofgem, ” Drax, Laith Whitwham, Ember, BECCS “, ” Will Gardiner, Gardiner Organizations: CNN, Energy, European Academies Science Advisory, Drax Group Locations: Yorkshire, England, Europe, North America, Canada

☆ TipRanks reveals the top 10 Wall Street utilities sector analysts
▼ + stars: | 2023-06-25 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

TipRanks recognized the 10 best analysts in the utilities sector who delivered significant returns and edged past their peers through their recommendations. TipRanks' algorithms calculated the statistical significance of each rating, the average return and the analysts' overall success rate. Top 10 analysts from the utilities sectorThe image below shows the most successful Wall Street analysts from the utilities sector. Based on his buy recommendation, the analyst generated a profit of 161.7% from July 21, 2020 to July 21, 2021. Julien Dumoulin-Smith — Bank of America SecuritiesJulien Dumoulin-Smith has the 10th spot on the list, with a success rate of 57%.

Persons: Patrick T, Fallon, TipRanks, Shelby Tucker, Tucker, Frederic Bastien — Raymond James Frederic Bastien, Black, Benjamin Pham —, Benjamin Pham, Pham, Mark Jarvi —, Mark Jarvi — CIBC Mark Jarvi, Robert Catellier —, Robert Catellier, Alberto Gandolfi — Goldman Sachs, Alberto Gandolfi, Nelson Ng, Jan, Patrick Kenny, Kenny, Neil Kalton, Wells, Julien Dumoulin, Smith — Bank of America Securities Julien Dumoulin, Smith Organizations: Fluence, Siemens, AES Company, AES Alamitos Battery Energy Storage, AFP, Getty, RBC, Energy, Benjamin Pham — BMO Capital BMO Capital, Mark Jarvi — CIBC, Pinnacle, Drax Group, Robert Catellier — CIBC, RBC Capital RBC Capital, Bank In, National Bank, Secure Energy Services, Smith — Bank of America Securities, Sunrun Locations: Long Beach , California, Canadian, Canada, Danish, Methanex

☆ In major milestone, wind power was Britain's largest source of electricity in the first quarter
▼ + stars: | 2023-05-12 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

The Gwynt y Mor offshore wind farm, in waters off the coast of Wales. The U.K. is home to a mature offshore wind sector. Wind power was Britain's biggest source of electricity in the first quarter of 2023, overtaking natural gas and highlighting the increasingly important role renewables are set to play in the years ahead. According to researchers at Imperial College London, wind turbines provided 32.4% of Britain's electricity in the first three months of the year. Wind turbines, according to the analysis, produced 24 terawatt hours of electricity.

☆ James Gunn Always Knew How ‘Guardians of the Galaxy Vol. 3’ Would End
▼ + stars: | 2023-05-12 | by ( Kyle Buchanan | ) www.nytimes.com time to read: +2 min

2” [2017], and then we talked about it happening in “Infinity War” and that worked better for the story. I knew that the whole trilogy is about Rocket, who we think of as a supporting character, becoming the captain of the Guardians. Drax realizes that he’s a father and that’s what he’s really good at — he’s not a destroyer. Well, Gamora’s death is the big one, but even her first kiss with Quill comes in “Infinity War” after the first two “Guardians” movies appear to be building to it. It wasn’t really about the kiss, it was about showing that they were now a couple.

The blue-chip index (.FTSE) fell 0.3%, down for the third straight session, while the mid-cap FTSE 250 (.FTMC) shed 0.4% as of 0829 GMT. The FTSE 100 had a good run earlier this month, buoyed by strength in commodity stocks and defensives like pharmaceuticals. However, markets have taken to a wait-and-see mode as earnings kicked in, to assess the impact of monetary tightening on results. Oil and gas stocks (.FTNMX601010) rose 0.6% as crude prices gained on reports of falling U.S. crude oil and fuel inventories. Drax Group's shares (DRX.L) rose 3.8% after the power generator announced a 150 million pound ($187 mln) share buyback programme.

☆ Drax shares tumble after Britain rejects carbon-capture project
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

March 30 (Reuters) - Shares of British power generator Drax (DRX.L) fell 10% on Thursday after the government turned down its carbon-capture project for the country's Track-1 programme. The project was not selected for Track-1, but the government will engage further with the project following an assessment outcome, the Department for Energy Security & Net Zero said. Britain laid out plans on Thursday to boost its energy security and independence through investment in efforts to move towards cleaner, more affordable energy sources. Last week, Drax said it was pausing its planned UK investment of 2 billion pounds ($2.45 billion) in bioenergy with carbon capture and storage (BECCS) as it awaited clarity on UK funding. Reporting by Nora Buli in Oslo and Radhika Anilkumar in Bengaluru; Editing by Subhranshu Sahu and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ London's FTSE 100 up for fourth day, Petrofac leads smallcaps higher
▼ + stars: | 2023-03-30 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

The FTSE 100 (.FTSE) rose 0.5%, while the FTSE 250 (.FTMC) added 1.1% by 0841 GMT. With a day left for the end of the first quarter of the year, the FTSE 100 is on track for gains of 2%, while the mid-cap index is likely to have a muted end. Top performing sectors this quarter include the FTSE 350 aerospace and defence (.FTNMX502010), construction and materials (.FTNMX501010) and retailers (.FTNMX404010). The FTSE 350 Automobiles and Parts sector (.FTNMX401010) added 2.5% and is among top-performing sectors this quarter. Moonpig Group PLC (MOONM.L) added 17.9% after the online card retailer said it expects revenue to expand across 2024.

☆ UK sets out energy plans, critics bemoan lack of clean tech boost
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +3 min

[1/2] A survey vessel sails past wind turbines at the Burbo Bank offshore wind farm near New Brighton, Britain, January 23, 2023. REUTERS/Phil NobleLONDON, March 30 (Reuters) - Britain set out plans to boost energy security and tackle emissions on Thursday, but critics said a lack of new investment and incentives meant it failed to provide any new boost for the country's green energy sector. Energy security minister Grant Shapps said the 1,000 pages of documents published on Thursday were focused on energy security, a major focus since the war in Ukraine. There were also further details on a raft of previously announced schemes such as funding for offshore wind, carbon capture, speeding up planning processes for solar and offshore wind projects, rolling out more electric vehicle charging points and encouraging heat pumps in homes. Environmental campaign group Greenpeace said the government's energy plans were not going far or fast enough to tackle climate change.

☆ Biden's IRA is the U.S. playing 'catch-up' after Trump, UK minister says
▼ + stars: | 2023-02-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

The U.K.'s Finance Minister Jeremy Hunt has said that the U.S. President Joe Biden's Inflation Reduction Act is a bid to play 'catch up' on clean energy investment. "We have to recognize that the United States is coming to this from behind," told CNBC's Tanvir Gill at the G-20 meeting in Bengaluru, India. Trump was highly vocal in his denial of climate change during his time in office, frequently rejecting warnings from climate scientists and famously withdrawing the U.S. from the Paris Climate Agreement within his first months in the job. "We will make sure that the U.K. continues to be a very attractive place for all clean energy investments, but we'll do it in a different way, our own way," he said. "We are very proud of the progress we have made, and we will continue to blaze a trail," he added.

☆ Britain’s Drax says power plants would still run during strike action
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

Companies Drax Group PLC FollowLONDON, Feb 8 (Reuters) - Power plants operated by British generator Drax (DRX.L) will still be able to operate if strike action by Unite union workers go ahead later this month, the company said on Wednesday. Drax’s power plants can make up around 7% of Britain’s electricity supply. “In the event of industrial action, Drax has robust plans in place to ensure the power station continues to safely generate renewable electricity for millions of homes and businesses,” a spokesperson for Drax said. The company dismissed claims made by the Unite union that the industrial action could lead to power cuts in the country. “The strike action at Drax will inevitably cause considerable strain on the national grid but this dispute is completely of the company’s own making,” Unite regional officer Shane Sweeting said.

☆ Barclays names 6 'cheap, under-owned' UK stocks to buy, saying 2 offer more than 50% upside
▼ + stars: | 2023-01-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Barclays Capital has named six London-listed stocks to buy as it believes the U.K. stock market is currently "cheap" and "under-owned." Two of the investment bank's picks — Drax Group and IG Holdings — are also predicted to rise by more than 50% in the next 12 months, thanks to several policy tailwinds. Drax Group Drax, which runs one of the last remaining biomass and coal-fueled power stations in the U.K., is one of Barclays' preferred stocks. IG Group Shares of stockbroker IG Group could rise by 55% over the next year to £12 a share, Barclays analysts have said. The investment bank believes a high-interest rate environment allows the stockbroker to earn interest on a customer's deposit, further increasing its profit margins.

☆ 'Glass Onion' star Dave Bautista has a clear goal for his acting career: 'I never wanted to be the next Rock'
▼ + stars: | 2023-01-04 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

I can force myself to do things that make me uncomfortable, because I know I'm not gonna get anywhere if I don't. "I'm afraid of things," Bautista said. And I just don't know if I want Drax to be my legacy—it's a silly performance, and I want to do more dramatic stuff." Whether leaving his most iconic character behind dings his marketability as a star or not, Bautista isn't concerned. "I don't care about the spotlight, I don't care about fame.

☆ Britain's renewable power hits new peak, fossil fuel also rises
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

Wind, solar, biomass and hydro are the main sources of renewable power. Fossil fuel still has a larger share, providing 42% of Britain's power in 2022, which was its biggest contribution to the country's fuel mix since 2016. The country has significantly reduced its reliance on coal, the most carbon-intensive form of power generation. The rise of renewable power cut Britain's carbon emissions by 2.7 million tonnes compared to the previous year, according to Thursday's report. Another report by Drax, once heavily reliant on coal and now Britain's biggest renewable power generator by output, said that between 2010-19, Britain cut its carbon emissions from its power grid further and faster than any other major economy.

☆ UK's National Grid cancels standby notice for two coal units
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: 1 min

Dec 12 (Reuters) - Britain's National Grid (NG.L) cancelled standby notices for Drax Group's (DRX.L) two coal units on Monday, according to Elexon's website. Earlier in the day, the grid operator issued start-up notices for two 570 MW coal units at Drax's power station in Yorkshire as a cold snap gripped the country. Elexon is a wholly-owned but operationally independent subsidiary of National Grid Energy System Operator (NGESO). Reporting by Brijesh Patel in Bengaluru; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ ‘Guardians of the Galaxy Vol. 3’ trailer drops with great tunes and a Rocket backstory
▼ + stars: | 2022-12-01 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —After a very long wait, the closing chapter to the “Guardians of the Galaxy” trilogy is almost here. Rocket, in particular, is seen a bunch in the trailer, including in a flashback scene when he’s a wee space-raccoon, promising viewers some welcome backstory. But as always, the interplanetary action is set to great throwback tunes, this time one in particular: “In the Meantime” by Spacehog, from 1994. Since “Endgame” and before that, “Guardians of the Galaxy Vol. “Guardians of the Galaxy Vol.

Marvel's Guardians of the Galaxy are back in a new holiday special set to hit Disney Plus on November 25. "The Guardians of the Galaxy Holiday Special" is a new streaming exclusive set to premiere on November 25. "The Guardians of the Galaxy Holiday Special" is written and directed by James Gunn. This is Marvel's second "Special Presentation" for Disney Plus, following the studio's "Werewolf by Night" Halloween special in October. How to watch 'The Guardians of the Galaxy Holiday Special'You can watch "The Guardians of the Galaxy Holiday Special" on Disney Plus starting November 25.

☆ Centrica gives ammo to UK windfall tax fans
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

The chief executive of 5 billion pound Centrica (CNA.L) on Thursday outlined plans for a 250 million pound share repurchase, following in the footsteps of chunky payouts by BP (BP.L) and Shell (SHEL.L). With the UK already windfall taxing North Sea oil profits, the risk for O’Shea is that it emboldens UK Prime Minister Rishi Sunak to hit power generators as well. Nearly half of Centrica’s 25 billion pounds of revenue this year, based on Refinitiv data, will come from British Gas, which sells power to Britons. But a strong performance from Centrica’s electricity and gas production, and from its trading arm, means O’Shea has cause to be generous. Generation provides a much larger chunk of 2.2 billion pound renewable energy group Drax’s (DRX.L) top line.

☆ Kevin Bacon joins the MCU in 'Guardians of the Galaxy Holiday Special'
▼ + stars: | 2022-10-25 | by ( Dan Heching | ) edition.cnn.com time to read: +1 min

CNN —Kevin Bacon is coming to the Marvel Cinematic Universe as…Kevin Bacon. In a move that’s sure to make the ‘six degrees of Kevin Bacon’ game even easier, the “Footloose” star is featured in the new trailer for “The Guardians of the Galaxy Holiday Special,” alongside franchise stars Dave Bautista (Drax) and Pom Klementieff (Mantis). “Guardians” director James Gunn, who on Tuesday was appointed co-chairman and chief executive officer of DC Studios alongside Peter Safran, shared the clip on his Twitter. Somehow, they decide that Bacon would be the perfect “someone special” to help their friend and appear on the iconic actor’s front doorstep to take him with them. “The Guardians of the Galaxy Holiday Special” is due on Disney+ on November 25.

☆ Factbox: Energy crisis revives coal demand and production
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +6 min

France - The Emile Huchet coal power plant restarted in early October, only six months after it closed, according to local media. Netherlands - Dutch energy minister Rob Jetten said in June the Netherlands will remove a production cap at coal-fired energy plants to preserve gas. In June, it said it plans to "increase thermal coal production from existing mines this year maximum by 1.5 million tonnes". Spain - The ministry for the ecological transition requested in May the delay of Endesa's As Pontes coal power station closure. (** Note that Ukraine's government has stopped releasing coal production data since the start of the war).

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