@AlistairCarns Well put Al, all seems like common sense…. And definitely the first time I’ve seen someone in this government speak sense on energy. Let’s hope you can bring your party with you
A balanced transition. Jobs protected. Profits going back into the pockets of people struggling with their bills.
That's how we get to net zero without leaving workers behind.
Two powerful resignation speeches from John Healey and Al Carns on the Commons this afternoon, confirming that they represent the best of the Labour Party.
Energy Secretary Red Ed Miliband claims renewables make energy supplies more secure. Of course, they don’t. Today, because wind is weak, we’ve been importing almost 25% of our electricity needs. We can never be sure that supply will always be there when we need it. And, of course, it adds to our balance of payments deficit, which is already big enough without unnecessarily importing all this power.
@MonicaHone@ClaireCoutinho If you think that’s the whole argument then you aren’t listening closely enough. Jobs, tax, security of supply (particularly reduction in imported (dirty) LNG), speed / readiness for transition, improved trade balance, maintaining supply chain. All important points
@Toptap_one@MonicaHone@ClaireCoutinho Not nope. Profits are taxed at 78%. Investment allowances aren’t specific to one sector and with the current regulatory / political regime O&G capital intense projects / spend is on the decline so even less offset
@MonicaHone@ClaireCoutinho I don’t see your point here.
The government tax profits at 78% so to say we don’t get anything is wrong.
I doubt anyone affected by these policies and decisions thinks that employment is irrelevant. A very poor take
@MonicaHone@ClaireCoutinho The ‘Crown’ (‘We’) own the mineral rights which is licenced to operators.
‘We’ see 78% of the profits through the tax take. ‘We’ also benefit from employment and the tax take through that.
Another energy fail. Unlike oil, gas trades at regional rates, not global rates. Gas from the UK North Sea is piped to our shores. Most of it stays in the UK. A small amount goes into the European system. The more that comes out of the North Sea the bigger the dampening effect on domestic prices because it is cheaper than LNG. But the real benefits are security of supply (the government has ultimate control over it via licenses), more taxable revenue (to cut fuels bills), fewer imports, stronger sterling, more jobs, smaller carbon footprint than LNG. What’s not to like? Why create jobs in Stavanger when you could be creating them in Stonehaven.
Ed Miliband is a dangerous fantasist who is gambling with our energy security.
As the world gets more dangerous, Britain should be asking itself a hard question: is our energy system resilient enough?
Miliband argues that his race to power the country on the wind and the sun makes us more secure. In reality, he is doubling down on a reckless experiment which is making us weaker and poorer.
What Britain really needs is an Energy Resilience Strategy.
Miliband’s first fatal mistake is shutting down the North Sea, which still provides half of our gas supply.
Rather than use our own, Labour would prefer Britain became more reliant on dirtier gas from abroad, while losing thousands of jobs here and sending billions of pounds overseas in the process.
We have to end Miliband’s mad ban on new oil and gas licences, scrap the Net Zero restrictions and job-destroying taxes and maximise recovery from the North Sea.
Second, we need to make electricity cheap.
Miliband is so consumed by making our electricity supply completely clean that he doesn’t care that he’s also making it unbearably expensive.
He has the problem completely back to front. He is making it harder for people to opt for electricity to protect themselves from shocks.
Our Cheap Power Plan would cut everyone’s electricity bill by 20% and make it far cheaper for households and businesses to electrify if they choose to do so.
Third, we must double down on nuclear. Nuclear provides reliable, 24/7 power which has the most secure supply chain of any energy source.
Yet Labour scrapped my plans to build the third modern large nuclear plant in Britain. This is absurd and must be reversed.
Fourth, in times of war, our industrial power is our hard power. British industry is being crippled by soaring Carbon Taxes which have as much as doubled under Labour.
We will still need chemicals, plastics and steel, we will just end up getting them from more polluting countries who do not impose these taxes. We must stop escalating Carbon Taxes and back British industry.
None of this is inevitable. We are an energy-rich nation choosing to make ourselves energy-poor.
Making ourselves weak to appease Net Zero ideologues will make us a warning, not an example, to the rest of the world.
It’s not too late to change course. Keir Starmer must ditch his dangerous Energy Secretary and prioritise Britain’s energy resilience now.
Thanks to policies you zealously pursue we already have the highest industrial energy costs and second highest household costs in the world. You’re inflicting working people with extra financial burden and loss of well-paid jobs.
So don’t dare talk about skyrocketing bills.
Your solar panels are paving over good farmland and your onshore windmills are already a blight on the landscape.
There are nothing like hundreds of thousands of clean energy jobs. It’s a myth you perpetuate. Unemployment is rising.
There is no energy security when you increase dependence on intermittent renewables, which is why you’re having to build new gas plants as back up and increase imported electricity (which hardly adds to our energy security).
Thank you for your attention to this matter.