|
Posted on Friday, October 21, 2011 11:08 AM
Folowing our comments on Tuesday about the potential of shale gas outlined by Professor Dieter Helm, the Adam Smith Institutehas published an even better case for exploiting the apparently limitless supply of the stuff lying off the coast of north-west England. ASI says Europe is going hell for leather for very expensive green renewables with coal backup while China and America are seeing the light on shale. Russia, it says, is worried about the future of its natural gas when demand is reduced;that pipeline coming across Europe wouldn't be able to hold us to ransom. |
|
|
Posted on Wednesday, October 19, 2011 10:37 AM
Yesterday the Sovereign Fund came into being. Part of George Osborne’s Spending Review last autumn, it changes the way we pay for the monarchy, with the Civil List being exchanged for a 15% share of the revenue of the Crown Estate. We have watched with interest the attempts by the First Minister to ensure that the increasing revenues accruing to the Crown Estate from offshore wind development around the Scottish coast and in Scotland’s coastal waters come to Scotland rather than straight into the Treasury coffers without passing Go. |
|
|
Posted on Tuesday, October 18, 2011 4:17 PM
So, are we convinced by the Prime Minister and Chris Huhne’s little chat with the energy companies? Did we see the big six retreating cowed, licking their wounds and promising we’d all be warm this winter. Porcine squadrons more like. Instead, we’re to be sent little leaflets urging us to switch to another company charging almost exactly the same, and those of us who have the temerity to cling to quarterly bills to go for that direct debit. |
|
|
Posted on Sunday, July 31, 2011 5:41 PM
News from Bloombergthat IKEA has bought a windfarm near Huntly and intends to install 39,000 solar panels on its UK stores to make full use of renewable energy. The flatpack giant already owns windfarms in Denmark, France and Germany. The bad news is that the solar panels are coming from China, which probably neutralises any carbon benefit before the project gets off the ground. And of course, any suplus energy will be sold to the grid and IKEA will claim feed-in tariffs. |
|
