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The International Energy Agency says global energy investment is falling short of what would be needed to meet continued robust growth in the world’s energy demand
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The Office for National Statistics suggests this accounted for around 1.8% of total government expenditure over the year
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uSwitch believes this could happen if suppliers increase their rates to match the level of the cap
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It says this would allow it to maintain the option to deliver projects costing almost £5.4 billion
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These projects are expected to produce 2.6 billion barrels of oil
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