RT by @john4brexit: ANDREW NEIL: 'UK industry has been paying prices for electricity 60 to 80 per cent higher than French or German industry: £113 per megawatt hour in the UK versus £61 in France and Germany.

In the first two decades of this century, British electricity prices doubled, even when the price of the natural gas generating much of it was falling (before Russia's invasion of Ukraine) because of the extra cost of renewables essential to the Net Zero strategy.

So it's hardly surprising our industry has struggled to compete, especially when you realise that industrial energy prices in India and China are just one third of even Europe's lower energy prices.

Port Talbot is merely the latest victim of Net Zero. Other steelworks have already fallen by the wayside. Our last aluminium smelter at Lochaber in Scotland is only kept afloat by vast taxpayer subsidies. Scotland's last oil refinery, at Grangemouth, was recently scheduled for closure.

The irony is that decimating our heavy industry does not, in fact, reduce global CO2 emissions. It is reckoned that converting Port Talbot to greener electric arc production will cut our CO2 emissions by 1.5 per cent. '
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https://mol.im/a/12984989 via @MailOnline

🐦🔗: https://nitter.cz/CeeMacBee/status/1748844428884599284#m

[2024-01-20 23:06 UTC]