Labour will end North Sea oil investment

By Paul Homewood

 

h/t Ian Magness

 

Just when you thought the idiots in Westminster could not get any madder:

 

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Sir Keir Starmer has vowed to stop investing in new British oil and gas fields if Labour wins the next election.

In a major departure from current government policy, the Labour leader ruled out new investment in North Sea fossil fuels as he outlined the party’s mission to go green.

Addressing business leaders and policymakers at the World Economic Forum in Davos, Sir Keir called on countries to form a “clean power alliance” to rival the Opec group of oil exporting countries. Sir Keir claimed an alliance would help bring down energy bills and stressed that Labour’s energy plan did not involve fossil fuels.

“What we’ve said about oil and gas is that there does need to be a transition,” he said. “Obviously it will play its part during that transition but not new investment, not new fields up in the North Sea, because we need to go towards net zero, we need to ensure that renewable energy is where we go next.”

https://www.telegraph.co.uk/business/2023/01/19/labour-will-end-north-sea-investment-says-sir-keir-starmer/

It is significant that the wretched Starmer announced this new policy on the stage at Davos in front of his globalist masters, rather than having the guts to do it at home.

Quite how his mad plan will bring down energy costs, as he claims, is beyond me. Does this moron not understand the laws of supply and demand?

via NOT A LOT OF PEOPLE KNOW THAT

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January 20, 2023 at 04:24AM

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