I wrote a month ago, about Rishi Sunak and the foolish plans of the UK government to try to max out oil production from the North Sea. The governments argument was that it would help bring down costs for UK people.
Unfortunately, this argument bares no water, as the extracted fossil fuels would be sold on the open market, and there would be no discount at all in the UK. As such, this will do nothing to help the UK people save money, merely give some fossil fuel companies some money, and potentially some tax revenue for the UK government, though whether this is worth the costs that will have to be paid is the future is being questioned increasingly loudly.
What is unfortunately clear, is that the things that are going to be best for the UK public is additional insulation in houses, and renewable energy. Unfortunately these are two projects which the government is increasingly eager to turn its back on.
The green housing grants, during Covid, were aimed at improving the housing stock of the UK, and it did, but only for around 1% of the houses that need to be dealt with. Furthermore, this was really a boost for the building firms, rather than the green housing grants in particular – they charged as much as possible, and the work did not really continue after the end of the period in question.
Why politicians keep spouting information that is so easily destroyed is hard to understand. It seems hard to believe that a man with the amount of money that Rishi Sunak and his wife has, would be influenced by the performance of his investment, however, given where we are going, I would argue that investing in fossil fuel extraction is a foolish move – whether in the next decade or further ahead, the fossil fuel industry must die, and it is likely to happen fast when it truly starts. Rishi Sunak has been accused of dodging scrutiny on this subject by failing to appoint a climate change committee chair (for over 18 months since Lord Deben retired) – and now the independent watchdogs chief executive has resigned in frustration. Given this position was there to keep the government to account on climate change and changes that will limit its effect
What is Rishi Sunak afraid of? Either he is attempting to avoid scrutiny, or he is incompetent – which is it?
