Robert Palmer

Clean energy hits historic milestone as renewables surpass coal | Tech and Science Daily | The Standard

shows.acast.com/tech-science...

A good news story!

I spoke to The Standard Tech Science Daily podcast on how renewables have now surpassed coal for electricity generation this year

For ~20yrs the Climate Change Act has powered clean growth & climate action

Proud to co-ordinate 124 MPs & Peers to urge the Conservatives, don’t scrap it

Turning climate leadership into a political football puts our economy, security & children’s future at risk

#ClimateAction

While the Tory party's energy & climate policy grows increasingly detached from reality, worth reflecting on a remarkable, under-reported event at Labour conference: the launch of Climate Jobs UK, a campaign by GMB, Prospect & other TUs focused on the creation of good jobs in the energy transition
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Nick Robinson on Today this AM was completely wrong to suggest that pumping more oil & gas from the North Sea would lower bills, something even former Tory Energy Secretaries have accepted.

We’ve burned most of the gas and export the vast majority of the oil—and oil is basically what’s left…

"The reality is that the small print in the industry's own reports show that there is vanishingly small amounts of gas thats left to be extracted from the North Sea."

Tessa Khan, Executive Director & Founder at Uplift, @tessakhan.bsky.social. On LBC with Clare Foges @lbc.co.uk.

Labour looks to water down North Sea drilling ban Ed Miliband is expected to allow exploration next to existing sites to increase fossil fuel production without breaking a manifesto pledge

Some highly questionable industry assertions about ‘tiebacks’ and new oil & gas exploration licensing covered by the Sunday Times this morning, incl. the volume of potential production & the impact on jobs & supply chains. Let's take a closer look: www.thetimes.com/uk/politics/...

The FT’s John Gapper has offered his advice on North Sea oil and gas drilling this morning. Let’s start with what we agree on:

The UK government needs a proper plan for the future of the North Sea. This is unarguable. 🧵

Somewhat sensationalist headline here obscures some really interesting research - which tallies with other available tracking data - on shifting attitudes to climate in the UK.

Below are a few quick thoughts on how to understand this, in my view 👇 t.co/gDqlQgQBHn

How much oil and gas is REALLY left in the North Sea? 🤔

According to a new report by oil and gas lobby group @oeuk.bsky.social, loads!!!!

*As long as they get subsidies and deregulation*

Is this true? And if so, would it lower bills?

Let's investigate...

Badenoch pledges to make North Sea oil and gas ‘cornerstone’ of UK economy Conservative leader says she will end 'Labour's ban' on new oil and gas licences.

This is such a bizarre pitch

This would be laughable if it wasn't so serious: yet again, the Tories are claiming that we can get "all our oil and gas" from the North Sea and that we should be doing even more to support the industry to extract.

There are several reasons why we should treat this with maximum scepticism:

Trump’s Scotland visit wasn’t just about golf. His call to "Get rid of the windmills and bring back the oil" is an attempt to meddle in our energy transition.

We have abundant wind resources which can provide us with energy security, lower bills, and good jobs.

@jeremyvine.bsky.social

'The North Sea is running out of gas': New study warns basin is unable to meet UK heating demand from 2027 New analysis by the End Fuel Poverty Coalition warns UK must urgently switch to renewable heating sources to avoid relying on imported gas and volatile international fossil fuel markets

Remarkable how often this is missed in political debates on energy. Farage and Badenoch are allowed to repeatedly imply drilling more can fix everything, but it is highly probable there is not much gas left to drill. www.businessgreen.com/news/4516717...

🚨For 60 years, the North Sea powered the UK, but the gas is running out - fast

Even if every new gas field is approved, UK production won’t meet our heating needs by 2027, and by 2050 94% of our gas will have to be imported. That’s not a policy choice, it’s geological reality

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BREAKING 🚨: We've just dropped a massive banner off Westminster Bridge to demand the UK Government #StopRosebank

It's time for Keir Starmer make the right choice 👀

JUST RAISE TAX

After last night’s U-turn, Rachel Reeves cannot tweak her way out of this crisis. The system must be torn down.

British overseas territories miss final deadline to crack down on ‘dirty money’ Island havens accused of ‘defying the will of parliament’ after failing to initiate corporate transparency measures

🚨BREAKING

Multiple British Overseas Territories just missed their deadline to expose the £billions being stashed away in secret offshore accounts by super rich tax dodgers, corporates, and criminals.

This is the third such deadline they’ve missed. 1/4
www.theguardian.com/business/202...

"This is not just a usual British warm summer and it's being driven by climate change." 💯

@robertnpalmer.bsky.social on @lbcnews.bsky.social

🚨 REMINDER: This is not normal.

People across the world are sweltering under record temperatures, and new oil and gas will only crank up the heat.

Yet Equinor and Ithaca want to develop the climate-wrecking Rosebank oil field.

We won't let them.

Rosebank: private profit, public risk - Blogpost from Uplift (News) If approved, Rosebank, the UK’s largest undeveloped oil field, is projected to generate billions in profits for its private developers, Equinor and Ithaca Energy. But new analysis shows that it is UK ...

8/ Based on analysis from @WWF Norway and ourselves. Read more here: www.upliftuk.org/post/roseban...

Treasury 'poised to miss out on £250m in tax receipts from Rosebank oil development' Campaigners have warned the economic case for approving the Rosebank oil field does not stack up

7/ Covered in @TheScotsman - www.scotsman.com/news/politic...

6/ Equinor will soon resubmit an application to drill the Rosebank field. It’s clear that blocking Rosebank is the key test of climate leadership for the Labour government.

This analysis also shows why the government needs to reform how oil and gas companies are taxed in the first place.

5/ But this isn’t the only reason Rosebank is a dud. Rosebank won’t cut energy bills or boost UK energy security. Most of the oil will be exported.

What will it do? Worsen the climate crisis.

4/ Oil and gas companies profit even when prices drop, while the public bears most of the risk. It’s private profit, public risk.

3/ Why? Because the UK hands out massive tax breaks to oil companies for capital investment in further drilling. Companies can write off most of their development costs before profits are taxed.

2/ In a base case, taking the long-term average price of $70 a barrel, Rosebank could result in a net loss of over £250 million to the UK Treasury, while the field’s owners Equinor and Ithaca would earn £1.5 billion in profit.

Newspaper headline - Exclusive: Treasury 'poised to miss out on £250m in tax receipts from Rosebank oil development'

1/ The Rosebank oil field is a very bad deal for the UK. Generous tax breaks mean the UK public would shoulder over 80% of the costs – and the vast majority of risk – from developing this massive oil field.

How much we lose out depends on what oil prices might be in the future. 🧵

Another day, another story from the oil & gas industry that's all spin. The latest claim is there's an extra 3.5-ish bn barrels of O&G there for the taking in the North Sea, which would generate huge riches for the UK. Except the underlying analysis confirms this is "beyond realistic assumptions"
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Reform UK is proposing a "Britannia card" that would let wealthy foreigners pay a £250k fee to move to the UK, and live here exempt from all tax on their foreign assets

What they don't say: it would cost the UK £34bn

Report here, and thread below: buff.ly/gpe2Dpf