Financial24.co.uk
Financial and Business News

- Advertisement -

- Advertisement -

- Advertisement -

BP-backed renewable energy firm becomes one of latest suppliers to collapse

85

Pure Planet, backed by oil firm, and Colorado Energy brings number of failed energy firms to 14 this year

Pure Planet, a renewable energy firm that was backed by the oil company BP, and Colorado Energy, have become the latest energy suppliers to collapse under the weight of soaring gas prices.

In a statement, Pure Planet blamed the UK’s energy price cap for its failure and lashed out at the business secretary, Kwasi Kwarteng, who has said there would be no taxpayer-funded bailouts for struggling energy companies.

Continue reading…

Leave A Reply

Your email address will not be published.