UK
Energy bosses expose the lie behind Clean Power 2030
Britain’s biggest energy suppliers have told MPs that bills are on track to climb by a fifth in the next four years, even if wholesale markets plummet by 50%, because of the rising cost of government policies. Octopus Energy said household energy bills were likely to rise by 20% unless the government took radical action to address the burden of increasing “non-commodity costs”, which include levies paid through bills to support upgrades to gas and electricity networks, running the energy system and subsidising low-carbon power projects. The CEO of E.ON told Parliament that even if wholesale gas prices were zero in 2030, electricity prices would remain where they are today because of policy and systems costs.
WATCH: Claire Coutinho gives her reaction here and Nigel Farage responds on GB News here.
IMF blames UK energy prices for high inflation
The IMF predicts the UK will face the highest rate of inflation among G7 nations both this year and next, driven by rising energy and utility bills. The forecasts are part of the Fund's twice-a-year outlook for the global economy.
Hunting shifts manufacturing from Aberdeen to Middle East
The UK has “left it too late” to save North Sea investment, a Hunting boss says, as the company announces “all the manufacturing we did in Aberdeen is now going to happen in Dubai”.
SNP U-turns on Rosebank
The SNP has dropped its opposition to developing the Rosebank oil field in a major shift away from Nicola Sturgeon’s net-zero agenda. The Scottish government suggested it was now neutral on the decision over whether to allow exploitation of the huge resource, about 80 miles west of Shetland, saying it was a matter for the UK government.
International
China introduces export controls on rare earths
Western companies have warned that the renewed US-China dispute over rare-earth materials will lead to “broken” supply chains and higher prices for chips, cars and weapons as industry executives plead for de-escalation between the two trading powers. Large defence companies have been working on building stockpiles and securing alternative, non-Chinese sources of supply for at least two years.
Trump slams global maritime Carbon Tax
President Trump has taken to social media to air his outrage at the concept of a global carbon tax on shipping. “The United States will NOT stand for this Global Green New Scam Tax on Shipping, and will not adhere to it in any way, shape, or form… vote NO in London tomorrow,” he says.
Etcetera…
Maurice featured in the Telegraph’s coverage of the UK energy CEO’s comments to Parliament.
Andrew appeared on Talk TV to talk about Ed Miliband’s approval of mega solar farm in Lincolnshire. He also drafted a blog on what a cold snap will mean for the grid (see below).
Harry appeared on Talk TV to talk about anti-car measures passed by local councils in the name of Net Zero.
Lord Mackinlay will be speaking at the Battle of Ideas festival this weekend. Further details can be found here.
From the blog
TUE, OCT 14
The breaking of hemispheric symmetry
The Earth became darker between 2001 and 2024 according to new satellite data. It also suggests an emerging hemispheric asymmetry in Earth's radiation budget, involving significant differences in
Read More
THU, OCT 16
Energy CEOs undermine Miliband: high bills baked in
For immediate release
Two of the UK’s top energy executives have today shattered key assumptions behind the Government’s Net Zero agenda during testimony to the Energy Security and Net Zero Select
Read More
FRI, OCT 17
Why a cold snap could spell disaster
In 2012, a spell of super-cold weather hit much of Europe, starting in the east, and gradually moving west, until even the UK saw temperatures down to minus 11°C. If that happened again today, I belie
Read More
The London-based Net Zero Watch is a campaign group set up to highlight and discuss the serious implications of expensive and poorly considered climate change policies. The Net Zero Samizdat is a newsletter summarising the latest issues - for more information, please visit the website at www.netzerowatch.com.
Energy bosses expose the lie behind Clean Power 2030
Britain’s biggest energy suppliers have told MPs that bills are on track to climb by a fifth in the next four years, even if wholesale markets plummet by 50%, because of the rising cost of government policies. Octopus Energy said household energy bills were likely to rise by 20% unless the government took radical action to address the burden of increasing “non-commodity costs”, which include levies paid through bills to support upgrades to gas and electricity networks, running the energy system and subsidising low-carbon power projects. The CEO of E.ON told Parliament that even if wholesale gas prices were zero in 2030, electricity prices would remain where they are today because of policy and systems costs.
WATCH: Claire Coutinho gives her reaction here and Nigel Farage responds on GB News here.
UK energy debt at record levels
Household energy debt has hit an eight-year high. The amount of customers that owe their supplier has increased by nearly 30% in the past year, and British households are starting the winter owing £780m to their energy suppliers, a survey for Uswitch found. The average home now owes suppliers more than £220.
Household energy debt has hit an eight-year high. The amount of customers that owe their supplier has increased by nearly 30% in the past year, and British households are starting the winter owing £780m to their energy suppliers, a survey for Uswitch found. The average home now owes suppliers more than £220.
IMF blames UK energy prices for high inflation
The IMF predicts the UK will face the highest rate of inflation among G7 nations both this year and next, driven by rising energy and utility bills. The forecasts are part of the Fund's twice-a-year outlook for the global economy.
Hunting shifts manufacturing from Aberdeen to Middle East
The UK has “left it too late” to save North Sea investment, a Hunting boss says, as the company announces “all the manufacturing we did in Aberdeen is now going to happen in Dubai”.
SNP U-turns on Rosebank
The SNP has dropped its opposition to developing the Rosebank oil field in a major shift away from Nicola Sturgeon’s net-zero agenda. The Scottish government suggested it was now neutral on the decision over whether to allow exploitation of the huge resource, about 80 miles west of Shetland, saying it was a matter for the UK government.
International
China introduces export controls on rare earths
Western companies have warned that the renewed US-China dispute over rare-earth materials will lead to “broken” supply chains and higher prices for chips, cars and weapons as industry executives plead for de-escalation between the two trading powers. Large defence companies have been working on building stockpiles and securing alternative, non-Chinese sources of supply for at least two years.
Trump slams global maritime Carbon Tax
President Trump has taken to social media to air his outrage at the concept of a global carbon tax on shipping. “The United States will NOT stand for this Global Green New Scam Tax on Shipping, and will not adhere to it in any way, shape, or form… vote NO in London tomorrow,” he says.
Etcetera…
Maurice featured in the Telegraph’s coverage of the UK energy CEO’s comments to Parliament.
Andrew appeared on Talk TV to talk about Ed Miliband’s approval of mega solar farm in Lincolnshire. He also drafted a blog on what a cold snap will mean for the grid (see below).
Harry appeared on Talk TV to talk about anti-car measures passed by local councils in the name of Net Zero.
Lord Mackinlay will be speaking at the Battle of Ideas festival this weekend. Further details can be found here.
From the blog
TUE, OCT 14
The breaking of hemispheric symmetry
The Earth became darker between 2001 and 2024 according to new satellite data. It also suggests an emerging hemispheric asymmetry in Earth's radiation budget, involving significant differences in
Read More
THU, OCT 16
Energy CEOs undermine Miliband: high bills baked in
For immediate release
Two of the UK’s top energy executives have today shattered key assumptions behind the Government’s Net Zero agenda during testimony to the Energy Security and Net Zero Select
Read More
FRI, OCT 17
Why a cold snap could spell disaster
In 2012, a spell of super-cold weather hit much of Europe, starting in the east, and gradually moving west, until even the UK saw temperatures down to minus 11°C. If that happened again today, I belie
Read More
The London-based Net Zero Watch is a campaign group set up to highlight and discuss the serious implications of expensive and poorly considered climate change policies. The Net Zero Samizdat is a newsletter summarising the latest issues - for more information, please visit the website at www.netzerowatch.com.
No comments:
Post a Comment