Member Info for Sunupyourarse

New article in The Telegraph today:

Ed Miliband’s net zero blitz fails to prevent rise in emissions

The UK generated more carbon emissions from its energy supplies last year despite Ed Miliband’s renewables push.

In a blow to the Energy Secretary’s decarbonisation drive, greenhouse gas emissions released from electricity producers were up 2.8pc in 2025, according to energy analysts Montel.

That is despite a flood of new wind and solar farms being connected to the grid, alongside a planned move to switch off the UK’s last coal power station.

Montel blamed the increase on bottlenecks across the UK’s power network, which leads to turbines being switched off when the grid is too congested to accept their power.

This lost generating capacity then has to be replaced with electricity from gas-fired power stations, leading to extra emissions.

These power plants must also step in when output from wind and solar plummets, for instance when it is cloudy or when there’s no breeze.

Miliband's green energy is going to waste, says EDF boss

Montel’s report said: “Power generated from carbon-emitting sources rose by 5.7pc in 2025 compared to 2024 despite the complete removal of coal from the energy mix in September 2024.

“This led to a 2.8pc increase in carbon emissions from power generation in GB compared to 2024.

“This reflects the continued reliance on gas-fired generation to provide flexibility and security of supply, particularly during periods of low renewable output or high demand.”

The latest figures highlight the ongoing importance of gas within the UK’s energy mix, casting doubt over Mr Miliband’s pledge to achieve almost entirely clean power by 2030.

It also highlights the issue of wasted wind, which not only triggers higher emissions but also costs the taxpayer billions of pounds.

When wind turbines are asked to switch off, their owners can claim compensation through so-called constraint payments, the cost of which is then added to bills.

The National Energy System Operator, the organisation responsible for keeping the lights on, then has to pay a premium to fire up gas-fired power stations.

The combination of the two cost billpayers £1.5bn last year......

What in the World? We've finally seen the Low

Drill, baby, drill!

The fires of hell:

https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1ZWIeS.img?w=634&h=636&m=6&x=274&y=180&s=194&d=194

Price Action could be interesting tomorrow with the price of oil shooting up rapidly

Thank you for the informative post Dick, and the timely reminder of the value.

All the best, suya

Who introduced Andrew Mountbatten-Windsor to Jeffrey Epstein?

Why are you holding 600,000 shares when your patience has run out?

Well done! That means the share price will continue on it's upward trajectory!

Great feedback today, thanks to all of you who have contributed to that.

And I really hope all of us long term, patient and loyal shareholders will be rewarded in the not so distant future.

And the patients that will benefit greatly from the science.

In light of recent developments, it would be really good and very much appreciated to get your take on these "plans to permit companies to use so-called ‘tie-backs...." and the relevance to Buchan and JOG

Britons are increasingly turning against Net Zero, as a bombshell poll reveals they now fear the impact it will have on the cost of living crisis. The survey from Merlin Strategy reveals that public mood has shifted "sharply" on Net Zero.

Asked whether Ed Miliband's mad eco policies have helped or hurt their living standards, more voters than not now agree that they have. 38% said Net Zero has had a negative impact on their standard of living, compared to just 21% who believe it has been positive. Reform UK voters are the most supportive of this proposition, with 57% criticising Net Zero, compared to 32% of Tory voters and 20% of Labour voters.

The survey also suggests voters are increasingly positive about nuclear power, with 37% saying that a lack of nuclear energy in Britain has had a negative impact on their lives.

By contrast just 15% say the absence of nuclear power's inclusion in the country's mix of energy sources has had a positive impact.

The poll was commissioned by the new Looking For Growth movement, which is pushing for policies which will boost the economy.

Co-founder Lawrence Newport said: "The message is clear: voters aren't anti-environment, they're tired of waiting."

"They want energy they can afford, homes that get built, and action that works. Right now, Net Zero feels like a slogan that raises bills, not living standards."

Responding to the poll, deputy Reform UK leader Richard Tice told the Express: "The great British people are realising big time that they have been conned and lied to by the eco zealots on Net Stupid Zero."

"They now know that it means higher bills, higher cost of living with jobs & industries being destroyed."

The blow to Ed Miliband's agenda comes the same week as a report by Grayling Energy found that 55% of voters say the top minister's policy of clean power by 2030 is unattainable.

This compares to a tiny 9% who believe in the former Labour's agenda.

Shadow energy secretary Andrew Bowie said: "Kemi Badenoch has been clear - the current Net Zero by 2050 is impossible. We must change course."

"We need a properly thought through approach, not more hot air from Net Zero nutters intent on leaving us all weaker, poorer and less secure."

https://www.msn.com/en-gb/money/other/huge-blow-for-ed-miliband-as-new-poll-reveals-britons-have-turned-against-net-zero/ar-AA1GAprP?ocid=msedgdhp&pc=HCTS&cvid=78fddb11282c468e9a02ffa9cfb0460b&ei=21

:-)

And that is a face only a mother would surely wish to save

Those Norwegians are very smart people.

Norway's energy minister told The Telegraph that Norway had “a totally different view” to the UK on the oil and gas industry which he said creates jobs and wealth. Mr Aasland said: “We want to develop [the North Sea] for the long-term, because the oil and gas industry and the service industry is really important. It saves jobs and creates a lot of value for Norwegian society."

Mr Aasland, who is an electrician by trade, said the process of switching entirely to renewable energy sources would be a slow process and Norway expected to be sending fossil fuels to Britain “for many decades”.

In the year to September 2024, the UK relied on Norway for 29bn cubic metres of gas, supplied by subsea pipeline and costing consumers £10bn.

Another £10bn was spent buying Norwegian oil. It means the UK paid Norway the equivalent of £714 for every UK household last year alone.

A lot of people right now (and the market) forget that if Buchan gets the go-ahead, this could instantly and realistically in my opinion, be a significant multiple of what it is right now. And that would be just for starters....

Donald Trump has said the UK is making "a very big mistake" in its fossil fuel policy - and should "get rid of windmills".

In a post on Friday on his social media platform, Truth Social, Mr Trump shared news from November of a US oil producer pulling out of the North Sea, a major oil-producing region off the Scottish coast.

"The UK is making a very big mistake. Open up the North Sea. Get rid of windmills!", the US president-elect wrote.

The Texan oil producer Apache said at the time it was withdrawing from the North Sea by 2029 in part due to the increase in windfall tax on fossil fuel producers.

The head of Apache's parent company APA Corporation said in early November it had concluded the investment required to comply with UK regulations, "coupled with the onerous financial impact of the energy profits levy [windfall tax] makes production of hydrocarbons beyond the year 2029 uneconomic".

Chief executive John Christmann added that "substantial investment" will be necessary to comply with regulatory requirements.

Mr Trump used a three-word campaign pledge "drill, baby, drill" during his successful election campaign, claiming he will increase oil and gas production during his second administration.

In the October budget announcement, UK Chancellor Rachel Reeves raised the windfall tax levied on profits of energy producers to 38%.

Filtered long ago - life is too short to intentionally listen to idiots.

Thankfully DU, you are not in that category.

Why on earth would you want to sell?

Buy high, sell low?

Firstly, to address any lingering doubt with regards to future funding requirements, on the current trajectory the evidence strongly suggests further funding would no longer be required to support future organic growth before reaching profitability. With a caveat, should the demand for Speedboat Ultraslim exceed current production capacity to such an extent to trigger a requirement for further investment in manufacturing capacity, or for growth by acquisition.

In either scenario, this would be backed up by a material increase in revenues from the current baseline.

This is now without doubt, a very exciting time for the company and its investors.

A few years ago, Baillie Gifford cited Creo as one of the most exciting and innovative companies they had come across in many years and they became a significant shareholder.

But due recently to the worst market conditions for AIM and small cap growth companies in the living memory of most, and due to being a forced seller because of fund redemptions, their stake in the company has been reduced to 1.995%, down from a previous holding of 7.30% in June last year.

In hindsight, I think BG were a little ahead of their time with Creo.

To quote a famous song from Bob Dylan: "The Times They Are A-Changin’"

As has been seen, Creo have got off to a very positive start ahead of the new year with first use cases of Speedboat Ultraslim in the USA and Europe and most recently, Latin America.

These cases provide a great platform for endorsement and I imagine that their phone lines are ringing hot and the management and salesforce teams are working a lot of overtime.

We anticipate a lot of news on progress in the new year and the update from NICE. Although we don't yet know what the outcome of that will be and Speedboat is already being used to great effect in some UK hospitals, we should be reminded of the recent statement from Creo's CEO in this regard:

"Using our technology, initial

health economic data has

demonstrated that the NHS

can save approximately

£5,000 per procedure"

Excerpt from a research note published by Edison on 14th December 2023 that concludes with:

"In November 2023, Speedboat UltraSlim received 510(k) clearance from the FDA for its Speedboat UltraSlim device, close on the heels of the accelerated clearance pathway in Europe (18 months earlier than anticipated). Management has indicated that the validation work and transfer to manufacturing has now been completed and launch activities should pick up pace in the coming weeks, with a full launch anticipated in early 2024 in Europe. We believe this will be swiftly followed by a launch in the US as well as in other geographies such as Asia-Pacific. We see the launch of the UltraSlim version as a key commercial win for Creo, supporting greater top-line traction for the core portfolio in FY24."

https://www.edisongroup.com/research/ultraslim-launch-kicking-off-fy24-momentum/33060/