RE: DoD30 Jan 2024 10:51
Yes I did read the article on DoD today and was particularly impressed by Martin Collyers response to it - hope he does mind me posting it here - posted below .......
Vested interests who seem ignorant, or conveniently myopic of what is actually happening in the real world. Lean into a global role? Get real, this is no longer the Victorian age.
Are they really unaware that Drax has been given the go for CCS and Sizewell C has also been approved? If not unaware, perhaps just wanting to hide the costs that will need to be funded? (£2.5B already from UK Gov. (ie. tax payers) towards Sizewell C. All whilst Councils are consulting about CLOSING recycling centres as they are short of money.)
Global role? Who is that aimed to fool? Sounds like the Britishvolt debacle.
The comment about countries with reserves increasing production is just plain daft. Countries with reserves increase or DECREASE production, according to demand. This is not new, it has been happening for decades. What is new, or new in recent times, is the concern about how secure it is to rely upon others to supply local energy needs when the world is entering a very insecure phase. Energy security is more important than climate change to the people who are concerned about dying sooner rather than later. More renewables are no solution when the wind doesn’t blow or the sun doesn’t shine and it takes up to 30 years, and £30B-maybe £46B if Hinkley- to get a new nuclear power station producing.
I suggest security also will be found to be more important than climate change, with spending upon defence likely to be increased dramatically very shortly. Sorry CCC, you and all those making a living from climate change, will just have to join the queue-unless you want to crowd fund your futures.
Basically, you can’t spend money you don’t have-and you don’t have much when energy costs drive jobs away from the UK and reduce individuals from having disposable income to spend and generate tax income.
Sign In
Follow the stocks
