Kemi Badenoch Campaigns For North Sea Drilling at Company Owned by Oil and Gas Executive Who Donated £250,000 to the Conservatives
Posted by The-Peel
Kemi Badenoch Campaigns For North Sea Drilling at Company Owned by Oil and Gas Executive Who Donated £250,000 to the Conservatives
Posted by The-Peel
17 Comments
The Tories can fuck off. Instead of doing what Norway did and set up a sovereign wealth fund with the proceeds of oil production, the Tories flogged it off on the cheap to their rich mates then used the money to give them massive tax cuts.
Now Norway have 2 trillion in their fund and have invested in hydro power generation and EV infrastructure that means they can sell their oil to the rest of the world, while we have shitheads like Badenoch and Farage trying to keep us hooked on the stuff. They aren’t interested in making our bills lower, they want to stop green energy from killing the cash cow owned by their donors in the fossil fuel industry.
Tbh its hard to get angry over this given she definitely would have campaigned for this anyway.
Find this confusing. Work in commodities and it’s well known even under the most optimistic “no constraints” scenario (which the industry itself acknowledges is “beyond realistic assumptions”) around 86% of North Sea production has already happened. It would be like spending a ton of cash to scrape the inside of an empty jam jar.
Wonder what her play is here?
Shock news! A political party puts forward / campaigns on behalf of its paymasters – big business, individuals, unions…etc.
From an economic angle, I understand the basin is mature and in decline, so is it even worth investing in now? If it can reduce the cost of consumers, then so be it but energy needs to be treated as a national security concern and if nuclear and/or green sources can fit this gap, then why not invest in that?
Good. These lot absolutely blow ass. Keep this up and stay the third (or even fourth) party in the country.
She knows that north sea drilling will do little to nothing to change anything of our energy costs or security.
Her now shadow energy minister even said so two years ago.
Unless all the oil companies are nationalised and we restrict all oil exports and then manage to refine it all in the UK (which we can’t), anything taken out of the ground is sold on the open market.
So yeah, jog on Badenoch.
So what, we need to be drilling for oil whoever owners are!!
2029 coalition of hell: Reform and Tories.
There’s really no difference between the two parties, they’re both run + funded by and for rich people.
The right can’t learn, because their supporters are always in it for themselves, nothing else. Same problem in NZ.
Oh. That’s why she wanted to scrap fuel VAT and make up the tax revenue it by abandoning green and renewable energy project, making the UK an entirely dependent on oil going forward. A double win for the oil industry.
What can this country really mean to them if they are prepared to sell out to special interests and lobbyists as soon as they see money?
Oil prices are set internationally. Even if we did restart drilling, the results wouldn’t shift the needle on worldwide production, and so would have no real impact on the world’s oil prices. It follows that UK consumers wouldn’t see any benefit. UK oil producers would get a big payday from the burgeoning oil prices, but that’s about it.
Ahh there we go proof the article in the Times over the weekend had nothing to do with the Tories suddenly discovering a concern for easing the cost of energy.
It was a bribe, sorry donation for lobbying.
Obviously escaped their attention during their previous 14 year spell running the country
What a complete and utter drama as usual from the conservatives…. Drilling in the north sea won’t make a blind bit of difference to us…. In the 14 years that the tories were in power and granted licenses like confetti all it produced was 36 days worth of gas.
Same old Tory shite. Lobbying for the highest payer as always.
Tories and corruption are one and the same.
Why *anyone* takes them seriously and gives them the time of day is beyond me. Although this is the country showing Deform leading in the polls, which confirms to me the intelligence level of the average Brit is that of a potato.