The Conservative Party

west didsblue said:
No it didn’t. The £16 billion you speak of, presumably the North Sea transition deal, is the combined investment of the government and oil/gas companies to transition from oil/gas to renewables, £10 billion of which relates to Hydrogen production, £3 billion for carbon capture projects and £3 billion for replacing existing fossil fuel production with renewables. So it is a long way from the government investing £16 billion in oil / gas extraction.
Click to expand...
Looking into it further you are correct but who is going to be the beneficiaries of this? England or Scotland in a post independence future?

The Green Alliance Think Tank has said this year the UK taxpayer has been subsidising extraction in North Sea Oil to the tune of billions.

The Green Alliance has today (22 February) published a new report warning that tax reliefs and subsidies that are paid to gas companies operating in the North Sea are wasting taxpayer money.

Some MPs have been vocal in their support for more drilling for oil and gas in the North Sea, especially given the spike in global gas prices. However, the Green Alliance states that opening new fields in the North Sea would be “uneconomic” given the “unstoppable rise” of clean technologies and the need to hit long-term climate goals.

“We highlight how tax relief, given to support UK oil and gas exploration, is skewing the market in favour of opening new fields for extraction, presenting a significant risk of stranded assets and a high cost burden for taxpayers and investors,” the report states.
Click to expand...

As such, the Green Alliance predicts that oil and gas production will become a significant annual expenditure, with taxpayers set front the costs of an estimated £18.3bn in decommissioning figures.
Click to expand...

The UK government would have grounds to recoup this.
 
Octavian said:
Looking into it further you are correct but who is going to be the beneficiaries of this? England or Scotland in a post independence future?

The Green Alliance Think Tank has said this year the UK taxpayer has been subsidising extraction in North Sea Oil to the tune of billions.





The UK government would have grounds to recoup this.
Click to expand...
It depends where those companies are setting up those projects.

They should never have dished out subsidies in the first place to companies making huge profits. They should recoup it by taxing those companies on their excess profits, particularly now.

Regarding decommissioning, surely the government that gained from a project should be responsible for decommissioning?
 
Last edited:
bluethrunthru said:
How does this prick account for those EU member states with higher productivity than us whilst also having the WTD?




International comparisons of UK productivity (ICP), final estimates - Office for National Statistics

A comparison of productivity across the G7 nations, including analysis of levels and growth rates of labour productivity and multifactor productivity.
www.ons.gov.uk
Click to expand...

Thats what all those brexidiots voted for and they wont even know it until they're told to work whatever hours their 'manager deems necessary in these extraordinary times'

The rich twats in this country want us to work harder for their money!
 
west didsblue said:
They should never have dished it out in the first place to companies making huge profits. They should recoup it by taxing those companies on their excess profits, particularly now.
Click to expand...
I completely and utterly agree.

I’ve been reading on it today because of the chat in the protestor thread and I think it’s high time they throw that money into renewables.

Hopefully they’ll be gone soon.
 
bluethrunthru said:
How does this prick account for those EU member states with higher productivity than us whilst also having the WTD?




International comparisons of UK productivity (ICP), final estimates - Office for National Statistics

A comparison of productivity across the G7 nations, including analysis of levels and growth rates of labour productivity and multifactor productivity.
www.ons.gov.uk
Click to expand...


It seems a prerequisite of being a Tory (voter or politician) is that you must go around with your head permanently shoved up your own arsehole.
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
✖
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.