RE: Ed Miliband EPL6 Oct 2023 19:08
Dear Mr Miliband,
As always, it was a pleasure to meet you and your colleagues at our local youth gym/boxing club last year and also at Mexborough Business Centre the year before that, both community focused efforts that I lend my skills to via my contacts. Everyone is always pleased to see you in the area as it raises us on the Levelling up agenda.
On this occasion I write to you on a different topic especially with the favourable odds that Labour will be a welcome change to the directionless governance we have had since the 2010 coalition.
I firmly believe that the most success this government has had since 2010 is simply the reduction of plastic bags floating around our country side and the oceans. Everything else has been a wishy washy waste of time.
The subject I would like you to reconsider (to remain current and credible) along with your colleagues and the media is Oil, Gas, Renewables and the Energy Profits Levy. For disclosure, I declare that my family has been investing in UK Oil and Gas listed companies as one of the last safe havens for our hard earned money, specifically in the most part Enquest, headed by Mr Amjad Bseisu, someone who appears to have worked hard to overcome the difficulties surrounding being raised in an unstable middle east. Choosing the UK as a stable and prosperous base.
In order to be brief, here are my concerns and proposals.
1. The EPL is hitting the small/medium companies, not the super majors.
2. The EPL is not helping the transition.
3. The EPL is discouraging national production and encouraging foreign supply.
4. The EPL will result in no tax contribution to the treasury as abandonment nears.
5. The EPL should be split towards 10% government inflow and 10% company retention for allocation to green projects (not carbon capture as this is a false dream looking at the facts).
6. British companies should be supported not demonised.
7. The energy transition should be laid out carefully with industry leaders.
8. Just stop oil should be appeased by bringing them to the table but stop the deluded chaos that they could cause. The working man (your voter base, if livid at their liberal idealistic, unrealistic approach).
I could go on but you get the idea, I believe the EPL will make Britain poorer faster.
Everybody accepts that moving to renewable energy solutions is the way forward but the EPL is too drastic and puts our national energy security at risk which will result in unmanageable inflation for us ordinary people of the UK.
Please could you rethink the energy strategy by talking to knowledgable industry people like Amjad Bseisu who if you haven’t already met I can vouch by saying if I can talk to him face to face then I’m sure you would have much more vocabulary between you than a simple Yorkshireman.
Either way, good luck and I hope you get a seat at the table because I’m no fan of the current setup despite coming from conservative background.
Thank you for reading an
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