Centrica doubles down on plan to 'refocus' portfolio on cleaner technologies

Madeleine Cuff
clock • 3 min read

CEO Ian Conn confirms he is to step down, as he hails clean energy reforms as a success and reveals plans to sell oil and gas production arm and step up EV activities

Centrica, the owner of energy supply giant British Gas, is to quit oil and gas production and switch its chief executive, as it struggles to maintain its share price and refocus its business on low carbon...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

'All of the above' energy policy: Why can't anyone get it right?

'All of the above' energy policy: Why can't anyone get it right?

Calls to approve more drilling in the North Sea in response to the latest energy crisis are deliberately overlooking the clean tech projects that can enhance energy security in the near term

James Murray
clock 10 March 2026 • 6 min read
A brief glimmer of hope for UK energy bills - but can they be kept down long term?

A brief glimmer of hope for UK energy bills - but can they be kept down long term?

The price cap offers protection for households through to the end of June, but thereafter the government should look to climate and clean energy policy for economic stability, competitiveness and resilience, writes Bev Cornaby, director of the Corporate...

Bev Cornaby, Corporate Leaders Group UK
clock 10 March 2026 • 4 min read
Iran War: Oil prices surge past $100 per barrel as attacks on fossil fuel infrastructure intensify

Iran War: Oil prices surge past $100 per barrel as attacks on fossil fuel infrastructure intensify

Oil prices spiralled past the $100 per barrel mark in early trading this morning, peaking at just below $120 before falling back slightly

James Murray
clock 09 March 2026 • 6 min read