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Https://www.telegraph.co.uk/business/2024/03/20/surge-offshore-wind-needed-starmers-net-zero-plan/
"The politicians have been in a state of denial in admitting as much, deceiving themselves – and everyone else – into believing the green transition offers the prospect of both low cost energy and hundreds of thousands of jobs. For all concerned, it’s proving a rude awakening.
In this regard it is quite similar to Brexit, which was similarly sold as an economically enhancing endeavour, and was embarked upon without any kind of a plan, or realistic assessment of how the supposed benefits might be delivered and what the countervailing costs might be."
"The difficulty is that though deemed necessary for the purpose of limiting climate change, green investment doesn’t yet hack it in commercial terms. Much of the desired transition wouldn’t happen at all unless actively promoted, incentivised and subsidised by governments. By its very nature, this is going to create distortions, result in technological wrong turns, promote inefficiency and be ruthlessly exploited by the well-connected to feather their own nests."
https://www.telegraph.co.uk/business/2024/02/06/labour-green-prosperity-plan-monumental-waste-of-money/
Britain’s electricity networks will not hit net zero until 2035, National Grid has said, undermining a key pledge by Labour to hit that target by 2030. The deadline prompted a backlash from Ed Miliband, the shadow energy secretary, who said a Labour government would make ESO accelerate its programme to hit the 2030 target. A spokesman said: “We said 2030 for decarbonising the grid and we meant it.”
https://www.telegraph.co.uk/business/2024/03/19/britains-energy-system-not-hit-net-zero-until-2035/
@lunaz leading the way .
Hey Ho let 's go!
https://www.youtube.com/watch?v=UKCCbObsebA
Ditching oil and gas is a “fantasy” amid increasing demand, one of the world’s most powerful oil and gas bosses has said.
Amin Nasser, chief executive of Saudi Aramco, said the transition to net zero is “visibly failing” with oil demand set to rise for “some time to come”.
“The current discourse on energy transition ignores this reality,” he told the CERAWeek conference in Texas.
“The world should abandon the fantasy of phasing out oil and gas.”
Rising demand from developing economies could feed oil demand growth through 2045, he said.
This forecast for long-term demand growth is in line with forecasts from Opec and in contrast to the 2030 forecast for peak demand from the West’s energy watchdog, the International Energy Agency.
The two are far apart on both short-term and long-term demand forecasts, in part because of their contrasting views on the energy transition.
Reducing greenhouse gas emissions from hydrocarbons through carbon capture and other technologies achieves better results than alternative energies, Nasser said.
New energy sources and technologies should only be introduced when they are genuinely ready, and economically competitive, he added.
Without government subsidies, electric vehicles are as much as 50pc more expensive than internal-combustion cars, he added. “They cannot be subsidised forever.”
Has there ever been a more pernicious lie spread by government and lobbyists than the claim that net zero will save us money?
https://www.telegraph.co.uk/news/2024/03/18/heat-pumps-net-zero-green-energy-fossil-fuels/
When big dividend payers like British Telecom, Vodafone and BAT are or keep languishing at multiyearlows, Harbour doesn't seem to get any real traction either, Petrofac has a market cap smaller than ours, there must be something bigger at play. UK listed stocks are simply out of fashion, despised, hated. That can change.
@Dumbly : You are gifted with the art of writing in a comprehensive and delicate way, Dumbly. If i had your talent and language skills -i am not a native speaker- i would contact Brindex to let them know their silence is deafening.
Https://seekingalpha.com/article/4678308-this-iea-oil-market-report-reeks-of-political-motivation
Https://www.telegraph.co.uk/business/2024/03/12/charts-show-why-sunak-forced-build-new-gas-plant/
Trying to jump straight to electric cars has condemned the whole effort to decarbonise road transport to failure.
https://www.telegraph.co.uk/news/2024/03/12/the-great-electric-car-scandal-is-only-just-beginning/
Only the fanatics haven't realised it.
The response to Mr Sunak’s article illustrates that many advocates of Net Zero live in a fantasy world and are, apparently, content to sacrifice the future welfare of the UK’s population on the altar of arbitrary and artificial goals.
https://www.telegraph.co.uk/news/2024/03/12/rishi-sunak-gas-power-station-net-zero-blackouts/
Ofcourse it would make a difference! When not in the immediate term, surely it will be a HUGE difference in the longer term. It is a wet dream for a value investor to buy 20% of the company at these ultimately depressed share price levels.