Ørsted’s cancelled offshore wind project puts net zero mission at risk, says Shadow Energy Secretary May 7, 2025 There are growing doubts over the government’s ability to meet its net zero targets after the company behind one of Britain’s biggest-ever wind farms abruptly pulled the plug on the project, citing overwhelming cost pressures. Denmark-based Ørsted, which won the contract to develop the 2.4GW Hornsea 4 offshore windfarm last year, said it took the [...]
Orsted axes Hornsea 4 offshore wind project May 7, 2025 Ørsted has announced plans to ditch the Hornsea 4 offshore wind project in a big blow to the UK’s clean power ambitions. The Danish renewable energy company said it would incur break-away costs of between 3.5bn to 4.5bn Danish krone (£400m to £512m) as a result of the decision. Ørsted said the 2,400MW project had [...]
Ed Miliband’s net-zero plans risk causing blackouts, says Union boss May 5, 2025 The boss of one Labour’s largest supporting unions has urged Sir Keir Starmer to ignore the “false prophets of climate fundamentalism” and rethink the current net-zero timetable. Writing in the Times, GMB General Secretary Gary Smith warned the government’s pledge to transition to clean power by 2030 could lead to blackouts akin to those in [...]
Solar panels must be fitted on all new homes from 2027 in net zero push May 1, 2025 New rules will mandate that housebuilders fit solar panels on the roofs of almost every new-build home from 2027, in a move slammed as an “ideological crusade”. According to a report in The Times, the policy change would add around £3,300 to the cost of building a semi-detached or terraced house, with a £4,000 premium [...]
Tony Blair calls for Net Zero ‘reset’ in break with Miliband April 30, 2025 Sir Tony Blair has called for a reset of “irrational” Net Zero plans, with an extended critique of the current state of the climate debate that has been seen as a direct rebuke to the energy secretary Ed Miliband. Blair, the last Labour leader to win an election before Sir Keir Starmer, cautioned in a [...]
Tony Blair is right to call for ‘reset’ of ludicrous Net Zero debate April 30, 2025 If energy secretary Ed Miliband still believes that critics of his dash to Net Zero are peddlers of “nonsense and lies” he has a new name to add to his list of dangerous misinformation merchants: Tony Blair. I do appreciate that some people believe that his name belongs on exactly that kind of list, but [...]
Ed Miliband’s reckless Net Zero ideology April 29, 2025 Rumours persist that Ed Miliband, the energy secretary, could be shunted out of his role when the Prime Minister conducts his first major reshuffle since last summer’s election victory. Keir Starmer has the perfect excuse; the world has changed. He’s fond of saying that, and of course it’s true; huge changes are afoot and the global economy [...]
Sir Jim Ratcliffe: Businesses can’t afford ‘heavy blow’ of net zero taxes April 29, 2025 INEOS founder Sir Jim Ratcliffe has slammed UK net zero policies as unaffordable and claimed carbon taxes are “killing manufacturing”. The Manchester United co-owner described payments to be made by INEOS’ Grangemouth as part of the UK Emission Trading Scheme (ETS), which puts a financial cost on carbon emissions, as “yet another tax bill” that [...]
Larry Fink: Britain is ‘undervalued’ and Yimbyism is essential April 25, 2025 BlackRock boss Larry Fink has described British assets as “undervalued” as he indicated that more investment would be pumped into the UK economy. The chairman of the world’s biggest investment company praised the urgency across Europe to deliver higher growth as he said that the UK had been “so smothered” by unnecessary regulation. “[We] have [...]
EDF’s two nuclear plants should be negotiated as one, French minister says April 25, 2025 EDF’s two nuclear construction schemes at Hinkley Point and Sizewell C should be treated as one financial venture in negotiations, according to France’s energy minister. Marc Ferracci told the FT he had held discussions with the UK’s energy minister Ed Miliband at the sidelines of a conference in London on Thursday. “France and EDF are [...]