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What's your exposure to clean energy?
Britain's BT to turn street cabinets into EV charging points
Britain's biggest telecoms group, said it would convert the first of its street cabinets traditionally used to house cabling to an electric vehicle (EV) charging unit in a pilot that could lead to a network of 60,000 new points.
The first unit will be installed at a cabinet in East Lothian, Scotland, BT said on Monday, adding that it will roll out further trials across Britain in the coming months.
BT said its research showed a shortage of chargers on Britain's roads was deterring some people from buying an EV, with 38% of drivers saying they would have an EV already if charging were less of an issue.
There were 53,906 EV charging points across the UK at the end of December, according to figures quoted by BT from Zapmap. The government wants to increase the number to 300,000 by the 2030s.
Companies discussed on “Taking Stock” today:
01:00 JD Sports #JD.
01:20 Shell #SHEL
02:30 Good Energy #GOOD
06:30 ITM Power #ITM
07:05 AFC Energy #AFC
08:15 Atalaya Mining #ATYM
08:20 Antofagasta #ANTO
09:10 Verci DX #VRCI
09:15 Argo Blockchain #ARB
10:30 Yellow Cake #YCA
10:40 Geiger Counter #GCL
11:00 Aura Energy #AURA
11:35 Aterian #ATN
13:20 & 17:45 Atlantic Lithium #ALL
15:05 CleanTech Lithium #CTL
18:00 BlueJay Mining #JAY
20:25 Kefi Gold & Copper #KEFI
21:55 Helium One Global #HE1
22:00 DG Innovate #DGI
24:00 Technology Minerals #TM1
26:20 CMC Markets #CMCX
TOP BUSINESS STORIES
Oil is weakening this morning after Saudi Arabia cut the prices charged to its customers.
The Middle Eastern energy powerhouse’s producer, Saudi Aramco, lowered its flagship Arab Light price to Asia by $2 per barrel, to $1.50 a barrel above the benchmark.
That’s a larger reduction than many in the industry expected, and is the biggest price cut in 13 months.
It lowers the February official selling price (OSP) of Saudi Arabia’s Arab Light crude to Asia to the lowest level in 27 months.
Aramco also cut all prices for February delivery to Northwest Europe, Mediterranean and North America.
The move indicates that concerns a slowing economy will hurt demand for oil are trumping fears that geopolitical tensions in the Red Sea will cause supply disruption.
The news has knocked Brent crude, the oil benchmark, down by 1.2% at the start of the week to $77.80 per barrel.
US budget: Spending deal reached as shutdown deadline looms
US Congress leaders have reached a deal over the total amount of spending for the rest of 2024 as they seek to avoid a partial government shutdown, local media report.
The $1.6tn (£1.2tn) figure includes $886bn for defence and more than $704bn for non-defence spending, according to Republican House Speaker Mike Johnson.
However, there appears to be some discrepancy over the numbers.
The deal now needs approval from the House of Representatives and Senate.
They have less than two weeks to finalise funding and stop the suspension of some federal services.
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