Yes BP are paying them for their digital services. BP have been using their services for over 2 decades 🤷♂️🤣 Are Labour crooks for the decade they were in power while BP paid Infosys stupid amounts of money, while BP made billions off the Iraq war and their new oil fields thanks to bush and Blair?
@@dc6807 well, Johnson certainly thought he was a law unto himself. But hey, the Tory party has been bought and paid for by the fossil fuel companies many, many times over.
He lied to the poor areas for brexit. He lied to the country. I mean he was investigated for 1 count of lying and misleading parliament and was found guilty of 5. He is a 500% liar. He lies so much boris isn't even Alexander's own name. Interestingly he was under oath with perjury penalties when he lied to the committee. Should be locked up in jail not getting 15k per zero effort column from the daily fail.
All this will NOT reduce the cost of energy as the drilling is done by private companies and sold on the international market, priced at Brent Crude from Rotterdam, we have NO control over pricing and have to purchase it on international markets.
The thing is the media don't make this clear to everyone. It should be plastered everywhere like a big warning sign anytime the government talk about this. Same when they talk about inflation coming down. It means prices will be slower going up not prices go down. Should have a massive fact check warning sign on that every time a tory tries to claim prices will come down too.
Those private companies employ and pay taxes in the UK. If you leave those resources in the ground, there is less offer in the international markets and hence the price remains higher.
@@multienergico9299 this only makes sense if the amount being able to be extracted is sufficient enough to manipulate the price on international markets and I think only Saudi has that ability with wells that can be added / turned off at their whims
Deeply flawed analysis. The UK might need a ready supply of oil and gas in an emergency. What could that emergency be? possible war with Russia. We are already in a proxy war with Russia. It's better to buy oil and gas from a company that will give a cut to the British tax payer rather than from Norway or anywhere else. The path to net zero is to reduce the use of oil and gas, were it comes from is irrelevant. Buy share in green companies that will help. All in all more money to the treasury means more spending on NHS, green tech investments. The smart question is what is being done with the extra revenue?
I absolutely love seeing the Brexit lot claiming this is us gaining energy independence when in all likelihood, the drilling will be done by foreign companies, then sold on the international market, and we'll buy it back at a standard market rate, absolutely no guarantee that this will be used to benefit us whatsoever, but it's great for BP & Rishi Sunaks father-in-law who runs Infosys with that deal they signed two months ago.
Indeed. It's more complicated isn't it. People assume we keep all of the fuel and that will bring the prices down. I'm reality it will be used as a means to create geo political relationships that may benefit the UK government. Brexit aside we do need to be energy independence like France but thanks to poor decisions and environmentalists moaning that we should live off fairy dust were stuck buying energy in.
@@joebidenisyourpresidentget2481 The North Sea holds a tiny percentage of global oil reserves. Extracting every last drop of oil from the North Sea will not move the price.
@@joebidenisyourpresidentget2481 It will not lower global prices at all, given OPEC is largely the controller of oil prices, they will manage their own supplies to maintain prices at whatever they determine beneficial to them, as they have done for a long time now.
The Tories want less action by Just Stop Oil and other similar activist groups. The way in which this was announced has such a cobra effect in these endeavours
I honestly think Just Stop Oil are a right-wing grift. Group comes out of nowhere to prominence, acts very stupidly and counter-productively, is lambasted by all the right-wing press, all of which occurs immediately before the Tories want to pass a group of laws taking away the right to protest in the UK. wHaT a CoInCiDeNcE. And with that done, they're right back to sabotaging the future for short-term profits, just like they were during the pandemic, the inflationary crisis and the start of the Ukraine war. And who are we going to replace them with? Red Tories. It's additional insanity because the UK was way ahead of many countries in reducing its emissions. We're actually in a really good place for renewable energy, EV usage, agricultural overhaul, etc. These money-grubbing bastards just don't wanna do it.
There is a major point you are missing. Exporting oil to friendly countries makes sense, UK helps Europe to ditch not only Russian fossil but also oil from OPEC.
You Brits should thank sunak. He's helping you get out the cost of living crisis and create more job through this. More energy in the market means lesser price especially with the war causing shortage. Only the global North is foolish enough to think battery powered cars are the future.
He's also just as guilty as Johnson is as far as partygate goes. The rat managed to escape the sinking ship because the replacement captain made such a distraction fucking things up even further
@@francescomariaraimondo3395'molest others' bit hyperbolic aren't you? Also, he wasn't home. Quite far away from it. The activists even knocked first to make sure no one would be around or hurt. Protests happen all the time outside No.10
@@Saoirse_don_Phalaistín I don't xare whether I'm home or not. Of course, it would be worse if I were, but the sole thing that people deem legit to invade my private spaces, climb on my roof or even just occupying the private surrounding it's honestly molesting me. I believe my private spaces to be worth as such and I don't see any advantage to targeting private homes except for wanting to personally harass people. And to point out that's not so controversial: the activists were arrested for this stunt.
@@francescomariaraimondo3395no they need to be accosted at their private homes until they get it into their thick heads that their actions have consequences for the future of this planet. This wretched government needs to GO!
"One person isn't going to make the difference". The argument often used to say the UK should bot do anything if no other country is. However 100 companies are responsible for about 70% of climate change emissions. All and every efforts should be focused on to them to change their ways. Its a good thing the tory party are known for targeting and regulating companies heavily to improve their ways. 🙄
Rishi enthusiastically says: "trust me, drilling more oil out of the ground, only to then burn it into carbon emissions is totally going to reduce carbon emissions".. Everyone else: errrrr?????🤔
“Open to sensible practical arguments” coming from their father…. Someone they love and trust? At least he gaslights his own kids as well as the rest of us
Imagine having two young children and also the poltical power. And still not do anything about something that will most likely make the life of your children a living nightmare... Can you hate your children anymore than that?
It won't make life for his children any worse. They'll be rich. They can afford to move away from the coast and live in an air-conditioned, storm-proof mansion, and if the cost of food production skyrockets they won't be the ones starving.
frankly in a world where UK is 1-2% co2... and one in which we are stuggling.. makes no sense to cut off our reserves. You can do it for good feels if you like.. only ones laughting will be our authoritarian adversaries.
This was confusing. You should have explained the difference between crude and refined products to explain the exports and imports. Notably building more refineries is more likely to improve uk energy security because that would reduce the reliance on importing refined products from overseas
North Sea oil and gas reserves according to the media and government: In the UK: a valuable asset to help sustain the economy and lower reliance on foreign imports. We must harness its benefits now. In an Independent Scotland: volatile at best. Completely worthless at worst. Definitely not a positive argument for Scotlands potential success. Will be done in 15 minutes anyway. Someone’s not telling the truth anyway.
Well it is when the government is flip flopping on if they're going to use, saying they're going to nationalise it if they become independent to be like Norway, and then the next saying they're going to stop drill to please the greens. Nats just flip flop around the on the subject loads.
@@SaintGerbilUK if you think that because we'll be drilling more oil that petrol/diesel will be cheaper good luck. theyll be priced with the international market and sold to other countries
@@SaintGerbilUK The O&G drilled in the UK isn't publicly owned, we will be paying the same global market price regardless, all this serves to do is extent an industry we shouldn't be pouring tax payer money into.
What Sunak doesn't get with his daughters is their concern about the climate comes from the fact they are going to have to live in the world that their father is screwing up. Its time to stop kicking the can down the road and expecting our children to clean up our mess.
The "nuclear Vs renewable" framing is unhelpful. I want both. Both until the fossil fuel industry is dead, we're at net zero, and we're free to properly argue about nuclear Vs renewables.
@@TheCentristChad Yes, but windy days and sunny days have a strong inverse correlation (windy days blow in clouds from the Atlantic), so the sun works when the wind doesn't.
@@domtweed7323 Building two different renewable energy power plants as a redundancy is expensive and ridiculous. I don't think it will work anytime soon. Germany is producing more CO2 now because they have to retire their old Nuclear power plants and they plan not to replace them. If only the hippies didn't kill the nuclear power industry in the 1970/80's? 😂
I support the move to increase oil and gas extraction in the UK. Countries like Russia and Saudi Arabia have too much power over the price of oil and gas, globally. It's important countries, especially the UK, boost their own domestic production of oil and gas to meet that demand, including global demand.
alternatively we could focus on becoming less reliant on oil and gas... or take the license into public ownership so we have full control on the price. Even if the entire north sea was extracted, it wouldn't affect the global price at all, since the scale of global production is much larger.
There should be an automated message that just screams PROXIMITY TO OIL AND GAS DOES NOT MEAN IT WILL BE ANY CHEAPER FOR YOU. everytime someone makes that claim. It goes on the global market.
It would be good if not for the environmental consequences. But taking those into account, a better option would be to reduce demand rather than increase supply.
Without a social policy to take the profits and give it to the people the rich just become richer. Giving the track record of the Tories you know what's going to happen.
if a quarter of our energy needs are still coming from oil and gas in 2050 we will be a long way away from net zero. Its like saying that a quarter of my diet will still be made up of chocolate cake even after i hit my weight loss goal in a years time. Either your not hitting your goal or your goal is to not lose any weight.
The goal isn't no emissions it is to be carbon neutral. That's why it's net zero not simply carbon zero. Planting trees for example can offset the carbon produced by factories.
@@brandonbridge371 that doesnt work tho. The world is not big enough to plant enough trees to campture all the carbon we get out of the ground. Other carbon capture technologies are way to ineffective and expensive also.
@@muskoxi9886 I believe the plan is to assume that around 2049 some super-genius inventor will come along and invent a magic carbon removal sponge, so until then we can just carry on burning oil.
There are several areas of the economy that will be extremely hard to decarbonise. Like farming, the making of concrete etc. those are things we just don’t know how to do in a fully green way yet. energy generation isn’t one of those difficult sectors. We already know how to fully decarbonise it and we have the tech to do it. so to reach net zero we are going to have to stop the burning of ALL fossil fuels for energy and transport and then use the relatively small amount of carbon capture we are capable of to offset the things that will carry on emitting greenhouse gases for the foreseeable future
@vylbird8014 There is nothing ambiguous about Ireland 🇮🇪. That is the name of my Country . The Island of Ireland consists of Ireland the Republic and Northern Ireland the province of the UK. You would think our nearest neighbours would know that. Ireland the Republic has been in existence since 1922. It's not rocket science.
If the policy was to get our fossil fuel needs from our own resources and commit to phasing it out then that would be a fair argument. But if that were the case the government could write such caveats into these new oil contracts which they won’t. Also the notion that we’ll still need oil and gas in 2050 is hilariously misguided.
@seamuspadraigsanders431 I disagree. Solar, wind and batteries will cover our energy needs by 2050. They are still following an efficiency and price cost curve. Even if we have some base load power from nuclear, hydro and tidal.
I agree that policy of own resources while we phase out would make more sense too. Can I ask why do you think we won't need oil & gas after 2050? Do we have feasible alternatives for all non-energy oil uses, and what about the IC engines that will still be in use at that date? I'm sorry if I sound uninformed, I've not long started thinking about it all
@philc.2504 Solar, wind and batteries are already the cheapest form of energy generation today, even cheaper than coal. Today our energy is 33.3% wind, 7.2% solar, 1.2% hydro, 13.6% nuclear (that's 55.3% of our energy that causes no GHGs already today.) Oil is 0%, coal is 0.8% and will be fazed out completely in 2024. 5.4% biomass, 21.4% is gas and 17.2% imports (a certain percentage renewable). The cost of solar, wind and batteries are still following predictable cost and efficiency curves meaning that in future they will get even cheaper to produce electricity and generate more power. This year there are more investments by businesses into renewables than there has been into fossil fuels for the first time. This is not because businesses care about the environment, its because renewables are a cheaper and superior technology and companies want to profit off them. We already know that we can power every country on renewables. Studies have been done on this. RethinkX has done some great work in this area. Teslas "Master plan part 3" also explains how the world can switch entirely to renewables and they don't even include future cost and efficiency curves in their data just to demonstrate how possible it is. As for transport EVs are also following efficiency and cost curves. The most expensive part of an EV are the batteries, and new chemistries are making them cheaper and cheaper. This decade we'll see EVs reach price parity with IC cars and then fall lower in price. If you do the calculations EVs are already cheaper to own than IC cars because EVs are cheaper to fuel and have far fewer moving parts so they break down less and have very low maintenance costs. People will want to buy EVs simply because they are cheaper to buy and own and have better performance. Charging is the only draw back, however most current EV buyers have home charging, so they just plug in and wake up with a full charge in the morning. If you plot Wright's law with battery density by 2027 new EVs should be able to charge 200 miles in 4 minutes of rapid charging, at that point I don't see charging as an issue. Although this is farfetched to some, we also need to consider the coming technology of autonomous vehicles. Self driving cars are already in operation in California, Nevada and Arizona. They are rudimentary atm but such software as a technology always follows s curves and progresses exponentially at points. Meaning self driving cars will fstwr than people expect and will be on UK roads. Many will opt to not own a vehicle at all because its cheaper to subscribe to a autonomous taxi network. The main issue I see in the UK is heating. The roll out of air source heat pumps isn't happening fast enough and is more complicated than having a gas combi boiler. However with cheaper more efficient energy electric heating becomes more viable. Home solar and battery storage will be far, far cheaper in 2040. I don't think many predictions about climate, this includes the IPCC, take into account cost and energy curves like Wright's law. The IPCC have been demonstrably incorrect about their predictions of solar efficiency and cost over and over and over and over. In 2004 they predicted the cost and efficiency of solar in the year 2100, we passed that stage 3 years ago.
Why are people hell bent on things like solar and wind being "green and renewable" They are inefficient, have a huge waste problem when decommissioned and made of mined materials from all over the world. I have first hand experience with solar, my system is 515w 12v the physical size is about the size of a house door. So on my boat takes up loads of space. Most of the time its just enough for my lights and my fridge anymore like my laptop and phone it's not enough. Policy makers and echo wannabes need to have first hand experience with the "renewable" power. A few weeks ago it was warm in the UK one of the longest daylight days and now wind. They had to fire up the coal power plants to keep the demand due to solar becoming even more inefficient when they get hot. You would need to cover 25% of the uk in so called renewables to make our demand. Get the experience before you start moaning. FYI you need to drive an electric car 80k miles to break even on the emissions that doesn't account for decommissioning the vehicle. they also weigh more so you need more tyres and resurface the road more often. Green is actually very dirty.
Sunak,although suddenly wanting to be the people's PM will do a massive U turn after the next election.Don't fall for it,Our only chance to regain political stability is to vote REFORM
If we are selling 80% of oil that helps pay for moer wind, solar and water turbine energy. Wich in my opinion is a good idea rather than borrowing the money to do this and put us in more debt. Its a no brainer . Im not a fan of the pm but if this is his idea for funding renewable energy its not bad .
I want cheaper energy bills...i will be dead in say 20 years or so so i couldn't care less how this happens the next generation can sort it out, and by then they will also want cheaper energy bills.
As a politician, Sunak will also be wondering what proportion of actual UK voters agree with these critics, or are bothered at all by this issue. Secondly, when it is a choice between greater short term prosperity and energy security, and longer term heading off climate change, I'm not sure voters will go for the latter.
If it's not produced here we'll have to import it from elsewhere. The important factor re net zero is not where the oil is produced , but how much DEMAND for oil is reduced in the UK.
Selling off North sea oil reserves to multinational companies does absolutely nothing to increase the UK's energy security. The oil will be sold on the global market.
I'm surprised that the 43y.o. Rishi is bending over backwards for energy executives who are likely older than him when he probably intends to live another 40 to 50 years (depending on healthcare and other factors). I think there is a fallacy about Net Zero: CO_2 that's emitted from non-capturing sources will still have a chance to anplify atmospheric and oceanic consequences (grernhouse effect, acidification). Perhaps a measuee of "atnospheric heating potential" should be measured for businesses that emit byproducts of CO_2, methane, nitrous oxide, and others instead of relying on schemes of carbon credits and direct capture offsetting.
if in the hottest year ever when people are dying from beat strokes by the thousands Sunak will get rid of net zero, it will basically be the real-life version of "some of you may die, but that is a price I am willing to accept".
Sunak is correct that mining more fossil fuels will help to fight climate change. I know that sounds counter intuitive but we need to look at the economics of the situation and also take consideration other countries transitioning to greener energy supplies. If every country moves away from mining, then the availability of gas and oil decreases and the cost of these fuels increase; although this sounds like a good incentive to transition away from fossil fuels the money lost to paying the additional fuel costs is money taken away from green energy investments. The additional revenue the UK gets from mining can also be put towards further green investments. The bottom line is that every country needs to reduce their carbon emissions, this is a global issue affecting us all. Making it more difficult to transition away from fossils is a detriment to us all.
Tbf if the revenue was used to build a green sovereign wealth fund to be invested like Noway in overseas green investment opertunity which can also make profits to be reinvested I’d support it
"eco zealots" yeah, we actually need those. It's the only way at this point to salavage anything. People need to realise we need to make sacrificies and do some serious changes.
You would need to persuade people to stop sacrificing everything in a desperate effort to support the fossil fuel industry. That’s not going to happen.
I feel like with some reforms (probably under a new government) this could actually hugely benefit the UK. I first want to establish that Net Zero is unrealistic by 2050. First of all its estimated there are not enough rare earth metals on the planet to transition everyone’s energy needs to green energy, let alone the environmental damage done particularly to underdeveloped countries as a result of expanding the extraction and industrial base to process these minerals by factors of 3-4. I also don’t take climate activism seriously on count of their anti nuclear policies which ironically have set us back decades and have resulting in truly out of touch policies notably in Germany, where the greens would rather Germany burn lignite coal, (The, with a capital ‘T’, dirtiest coal in the world) rather than nuclear power, during a energy crisis. Energy security I think is a valid argument, while most of the uk imports came from Norway, with the war in Ukraine, every European state east of the river Rhine is now buying Norwegian gas, so the uk is paying more for less. Although this is were I think future regulation’s probably under labour would result in hopefully limiting exports or gaining large tax revenues to offset the cost of living in the UK. However the more important thing is the uk oils producing capacity has been increased, so even if a reform isn’t passed if things really go south like WW3 or the global economy collapsing, a simple ban on uk oil and gas exports would leave plenty for British citizens. This is also good for the UK economy, as established the entire world can’t go fully renewable, natural gas especially is much cleaner than coal, thus its “better” for the environment. If properly managed it could also be reserved for reviving heavy industries in the UK as companies begin to leave china for closer supply chains back at home, and even leave Germany as their population has aged beyond recovery. This leaves renewables to be power homes which don’t require the truly massive amounts of electricity that many industries need. 5 years ago, climate change was the biggest threat to westerners, when wars were something that was fought in the Middle East against extremist, and not on Europe’s door step against a state hellbent on reforming its empire. When we were supposedly at the “end of history” we let our guard down for 30 years and now we need to gain back our strength before its too late. There is still much to be desired but this is at least a step forward.
“Climate activists are sometimes depicted as dangerous radicals. But the truly dangerous radicals are the countries that are increasing the production of fossil fuels. Investing in new fossil fuels infrastructure is moral and economic madness.” UN chief António Guterres in 2022
Morally you might have a point but it would be better if only a tiny amount of oil was needed. Then those gulf petro states couldn't have such a massive say over things. They also see the end is on its way so have diversified into tourism to try and keep money coming in. Dubai barely existed in the 1990s and now everyone know it.
@@vylbird8014 there is no realistic world where no new oil is needed for manufacturing, even if it's use as fuel is abandoned. Basically all organic chemicals are manufactured from hydrocarbons additionally plastics are necessary for many industries such as electronics etc. Not all of these are practical to recycle and so new oil will be required
Net zero will never be achieved its the common interest of every country to combat climate changed but its in every individual country interest to not transition to net zero.
Well it wouldn't make the cost higher, but if all that money and oil goes overseas, which it definitely will, then there will be essentially no benefit for anyone in Britain except the people who own the oil
Let's take the exact same argument and apply it to the grain situation between Ukraine/Russia/ the rest of if the world. Russia is trying to limit the amount of grain that Ukraine is able to ship out because it allows them to charge more money for the grain that THEY can ship out. The price of grain in Argentina, or Egypt, or China, or Australia or the UK, or even the US will go up or down depending on how much total grain is hitting the global market. Prices in the US won't be affected AS MUCH as elsewhere because of how much is produced there. But it'll still be affected to some extent. Switch the word "grain" with "oil" and the same argument will apply. Sure if the UK supplies more oil it won't suddenly make the price of fuel in that country drop in half. But it'll lower the cost globally just a bit more. Which will decrease the overall risk to Europe the next winter because the cost will go down. It'll decrease how much control Saudi Arabia can exert over the UK because of the ability to provide a little bit more to the local market decreasing the amount of Saudi oil that lands there. It's a globally connected market that can't be kept local any more but that doesn't mean it won't make things slightly more comfortable on that local level
How can anyone still think the Tories will use this to lower cost rather than increase their own profits? You have to be extremely dumb at this point to believe that they will do anything for our benefit.
@@calebbearup4282 ukraine is one of the biggest global producers of grain, meanwhile UK oil exports are a drop in the ocean compared to America, Russia, and the gulf states
@@HappyGingerWolf the UK was ranked 19th last I knew. Not the same level as the amount of grains from Ukraine no. But not insignificant either. They import 177k barrels a day more than they export. A ten percent increase in oil production wouldn't be an easy target but it's not impossible either. But at the same time a ten percent increase in production would even out the difference between imports and exports. Which would go a long ways towards energy sustainability and national security
We should be using it domestically if this was really about having a local supply. I find it disingenuous that he makes it out to be so when it isn't. But I also find it ridiculous that people would have us just rely on exports as well, offshoring our carbon footprint to pretend we are becoming greener is a thing that has happened for too long. Probably the best argument for it is that by giving these contracts out, in the short term these companies will build their rigs and do their thing, then later down the line if things go south (for example with the current conflict with Russia) we have existing rigs we can take control of to help supply ourselves. I think ultimately the days of relying on global markets may be coming to an end and this might be a move in anticipation of that... Being prepared for the worst, just like you know... that alert system the government decided for obviously no particular reason to set up on everyone's phones.
This isn't just a Conservative-imposed thing that can be remedied by voting in someone else. It's much deeper than that. We have no option for a voice of reason. That worries me.
If we export all that gas and oil, then it goes on another countries carbon account, and is accounted on ours as a negative, or a credit line item. We are good….. at slight of hand accounting….
That is what Carbon neutral is all about though, you still have climate summits where everyone fly's a private jet there but then pay to plant a few trees to "offset" it. Yet they wouldn't accept the same for members of the public you have to give up your holiday and stop using your car.
I don’t understand why nobody is talking about a sovereign wealth fund. If we followed Norway’s example and carried on drilling but put the proceeds into a sovereign wealth fund we would be able to invest that fund into more renewable energy programmes. Look at how green Norway is as a result
As a NZer living in the UK, it is shocking to me how badly the environment has already been damaged,destroyed and eradicated in the UK. I remember visiting my grandparents in the early 90s in the UK and things were less advanced even then. I'm not sure if it's that people are so used to being gasslit that they don't question this degradation or if it's been lost as something people feel connected to begin with, but it's extremely sad. I hope that we are intelligent enough as a species to turn things around, but I worry we are waiting for someone else to save us. Nobody's coming ❤
To be fair, NZ looks like NZ because there's only 5 million people living there as opposed to 67 million in the UK. And much of the landscape outside of DOC land has been altered to graze cows and sheep.
Good luck with that Net Zero. Without the capability of replacing what you’re voluntarily giving up, I fear you will find that Net Zero will be a more accurate description than you expect.
I refuse to use X or xpro or whatever so I'm praying the TLDR team sees this. In your nebula video is sunak becoming more right wing @27:24. That logged is flawed it's looking only at numbers for the current year. If we combines all carbon emissions from every country from the start of the industrial revolution until today. The USA is number 1, the UK is 2nd and there's a considerable gab between these 2 and the rest of the list. So these 2 countries should be doing the most to combat climate crisis.
Why is importing oil and gas from Norway any better than producing it domestically? I will never understand the thinking of environmentalists. Net Zero is a green dream that is never going to happen.
Sunak's family firm signed a billion dollar deal with BP days before this announcement. He's a crook.
Is this type of behavior punished in the UK?just to know
@@titanicisshit1647I it's endorsed here. The country is basically a cash cow for these soulless pricks
@@titanicisshit1647Not when the current government can just block any investigation (see Teeside Freeport).
Yes BP are paying them for their digital services. BP have been using their services for over 2 decades 🤷♂️🤣
Are Labour crooks for the decade they were in power while BP paid Infosys stupid amounts of money, while BP made billions off the Iraq war and their new oil fields thanks to bush and Blair?
@@titanicisshit1647 not for the elites
They never had any intention of implementing Net Zero in the first place. Sunak is just as much of a liar as BJ ever was.
@@dc6807 well, Johnson certainly thought he was a law unto himself. But hey, the Tory party has been bought and paid for by the fossil fuel companies many, many times over.
@@dc6807 he was in power and the left hated that and when the poorest areas voted brexit and they hated that to. and left will never learn.
He lied to the poor areas for brexit.
He lied to the country.
I mean he was investigated for 1 count of lying and misleading parliament and was found guilty of 5. He is a 500% liar. He lies so much boris isn't even Alexander's own name. Interestingly he was under oath with perjury penalties when he lied to the committee. Should be locked up in jail not getting 15k per zero effort column from the daily fail.
@@Anthony_Romford😂
@@serinadelmar6012 what is funny! that the left wing has not been in power for 13 years since blair and gordon brown has in power
This guy can’t even convince his own children that his policies are the right thing to be doing
Why should the policies of a country depend on children ?this is not the middle ages
_Nevermind that, he can't convince his own children that he _*_is their dad_*_ nevermind his policies._
his kids are leftists.
@@zUJ7EjVDYou could have ended at “conservative plutocrat”
I definitely think his policies are "the right" thing to do ;)
I love the Minecraft animation
Getting the conservatives to stick by a commitment is like pissing in the wind
Yes, the commitment is to commit economic suicide apparently. Fuck the tories but net zero is stupid.
To be fair, compared to Keir, the conservatives have never broken a commitment
You must feel good with your face diaper as your profile picture. (Not a fan of the conservatives btw)
@@u1f98aLmao labour hasn’t been in power in 14 years, like why are you making it about them? We’re talking about conservatives.
@@wills5945 ...because they are the other major party? and also very likely they'll come into power within the next GE?
All this will NOT reduce the cost of energy as the drilling is done by private companies and sold on the international market, priced at Brent Crude from Rotterdam, we have NO control over pricing and have to purchase it on international markets.
The thing is the media don't make this clear to everyone. It should be plastered everywhere like a big warning sign anytime the government talk about this.
Same when they talk about inflation coming down. It means prices will be slower going up not prices go down. Should have a massive fact check warning sign on that every time a tory tries to claim prices will come down too.
Those private companies employ and pay taxes in the UK. If you leave those resources in the ground, there is less offer in the international markets and hence the price remains higher.
@@multienergico9299 this only makes sense if the amount being able to be extracted is sufficient enough to manipulate the price on international markets and I think only Saudi has that ability with wells that can be added / turned off at their whims
@@multienergico9299 Not always. They are multi-national and will pay a tax if they wish in any country. check out how little tax Shell have paid
Deeply flawed analysis. The UK might need a ready supply of oil and gas in an emergency. What could that emergency be? possible war with Russia. We are already in a proxy war with Russia. It's better to buy oil and gas from a company that will give a cut to the British tax payer rather than from Norway or anywhere else. The path to net zero is to reduce the use of oil and gas, were it comes from is irrelevant. Buy share in green companies that will help. All in all more money to the treasury means more spending on NHS, green tech investments. The smart question is what is being done with the extra revenue?
I absolutely love seeing the Brexit lot claiming this is us gaining energy independence when in all likelihood, the drilling will be done by foreign companies, then sold on the international market, and we'll buy it back at a standard market rate, absolutely no guarantee that this will be used to benefit us whatsoever, but it's great for BP & Rishi Sunaks father-in-law who runs Infosys with that deal they signed two months ago.
and MPs getting there pockets filled from said companies to allow them to mug us off
Even if that’s true , it will still lower global oil prices and benefit everyone , except Russia of course.
Indeed. It's more complicated isn't it.
People assume we keep all of the fuel and that will bring the prices down. I'm reality it will be used as a means to create geo political relationships that may benefit the UK government.
Brexit aside we do need to be energy independence like France but thanks to poor decisions and environmentalists moaning that we should live off fairy dust were stuck buying energy in.
@@joebidenisyourpresidentget2481 The North Sea holds a tiny percentage of global oil reserves. Extracting every last drop of oil from the North Sea will not move the price.
@@joebidenisyourpresidentget2481 It will not lower global prices at all, given OPEC is largely the controller of oil prices, they will manage their own supplies to maintain prices at whatever they determine beneficial to them, as they have done for a long time now.
The Tories want less action by Just Stop Oil and other similar activist groups. The way in which this was announced has such a cobra effect in these endeavours
We should submit to the terrorists demands otherwise they will continue to terrorise the public isn't really a great message.
I'll bet the tories are funding Just Stop Oil to turn the public against sensible climate policies
I honestly think Just Stop Oil are a right-wing grift. Group comes out of nowhere to prominence, acts very stupidly and counter-productively, is lambasted by all the right-wing press, all of which occurs immediately before the Tories want to pass a group of laws taking away the right to protest in the UK. wHaT a CoInCiDeNcE. And with that done, they're right back to sabotaging the future for short-term profits, just like they were during the pandemic, the inflationary crisis and the start of the Ukraine war. And who are we going to replace them with? Red Tories.
It's additional insanity because the UK was way ahead of many countries in reducing its emissions. We're actually in a really good place for renewable energy, EV usage, agricultural overhaul, etc. These money-grubbing bastards just don't wanna do it.
They want more action. more protesters Murdoch's mouthpieces can demonise.
@@Jay_Johnson well the juststoppo are almost universally hated already.
It would be great if his kids did become "eco zealots".
Of course TLDR closet tories changed their title cause it was insulting daddy sunak too much and they won't get invited to downing Street again
like the "just stop oil" group?
@@rizkyadiyanto7922yup
The fact that he felt the need to bring up the term means that they're much angrier at him about it than he wants to admit.
He's an Oligarch. Calling him Priminister implied some sort of Democratic process where the public gave him power.
You mean like a general election, yes that happened the conservatives won by a large number of seats.
There is a major point you are missing. Exporting oil to friendly countries makes sense, UK helps Europe to ditch not only Russian fossil but also oil from OPEC.
Good Net Zero is unachievable
You Brits should thank sunak. He's helping you get out the cost of living crisis and create more job through this. More energy in the market means lesser price especially with the war causing shortage. Only the global North is foolish enough to think battery powered cars are the future.
I'm sick of the climate hysteria. Why should we even import gas and oil.
What I can't stand about Rishi is he always uses the flimsiest pretences to make the worst choices.
He's also just as guilty as Johnson is as far as partygate goes. The rat managed to escape the sinking ship because the replacement captain made such a distraction fucking things up even further
I wonder when society will finally realise that billionaires and humanity don't mix..
Respect to the protesters who climbed onto Sunaks roof. That's how you protest without blocking traffic and being a public nuisance
I mean I could have understood if that was at N.10, but I wouldn't encourage people to molest others at their private homes
@@francescomariaraimondo3395exactly what if they were a foreign government planting bugs or bombs.
Not good at all.
@@francescomariaraimondo3395'molest others' bit hyperbolic aren't you?
Also, he wasn't home. Quite far away from it. The activists even knocked first to make sure no one would be around or hurt.
Protests happen all the time outside No.10
@@Saoirse_don_Phalaistín I don't xare whether I'm home or not. Of course, it would be worse if I were, but the sole thing that people deem legit to invade my private spaces, climb on my roof or even just occupying the private surrounding it's honestly molesting me. I believe my private spaces to be worth as such and I don't see any advantage to targeting private homes except for wanting to personally harass people. And to point out that's not so controversial: the activists were arrested for this stunt.
@@francescomariaraimondo3395no they need to be accosted at their private homes until they get it into their thick heads that their actions have consequences for the future of this planet. This wretched government needs to GO!
The government has also delayed Extended Producer Responsibility, giving us another year of excessive packaging waste.
If your that keen on net zero don't buy it, no petrol, no diesel, no non renewable power. Enjoy the rest of your life
"One person isn't going to make the difference". The argument often used to say the UK should bot do anything if no other country is.
However 100 companies are responsible for about 70% of climate change emissions. All and every efforts should be focused on to them to change their ways.
Its a good thing the tory party are known for targeting and regulating companies heavily to improve their ways. 🙄
Sunak doesn't care about net zero. He cares about making money.
That's a shocking accusation to make about a former goldman sachs investment banker.
😆
'During the fires darling, I'll move you somewhere else' ...'thanks pops'
I love the graphic in the beginning. Rishi the weather forecaster.
Rishi enthusiastically says: "trust me, drilling more oil out of the ground, only to then burn it into carbon emissions is totally going to reduce carbon emissions"..
Everyone else: errrrr?????🤔
“Open to sensible practical arguments” coming from their father…. Someone they love and trust? At least he gaslights his own kids as well as the rest of us
Imagine having two young children and also the poltical power. And still not do anything about something that will most likely make the life of your children a living nightmare...
Can you hate your children anymore than that?
It won't make life for his children any worse. They'll be rich. They can afford to move away from the coast and live in an air-conditioned, storm-proof mansion, and if the cost of food production skyrockets they won't be the ones starving.
Where does Norway get their oil and gas from..
frankly in a world where UK is 1-2% co2... and one in which we are stuggling.. makes no sense to cut off our reserves. You can do it for good feels if you like.. only ones laughting will be our authoritarian adversaries.
This was confusing. You should have explained the difference between crude and refined products to explain the exports and imports. Notably building more refineries is more likely to improve uk energy security because that would reduce the reliance on importing refined products from overseas
North Sea oil and gas reserves according to the media and government:
In the UK: a valuable asset to help sustain the economy and lower reliance on foreign imports. We must harness its benefits now.
In an Independent Scotland: volatile at best. Completely worthless at worst. Definitely not a positive argument for Scotlands potential success. Will be done in 15 minutes anyway.
Someone’s not telling the truth anyway.
Well it is when the government is flip flopping on if they're going to use, saying they're going to nationalise it if they become independent to be like Norway, and then the next saying they're going to stop drill to please the greens.
Nats just flip flop around the on the subject loads.
Just coze the oils near Scotland doesn't mean that it's Scotland's.
Besides indyref2 is deader than sturgeons career.
Net Zero is terrible idea. We need more nuclear - like France.
Can someone explain to me why we should import oil/gas and not use our own supplies first?
Something called the world energy market. Not rocket science.
yes, anything but a decrease in fossil fuel use is a road to losing on climate change
So you'd be happy to pay 5x for gas ⛽ when you fill up?
Don’t worry, China, Russia, India etc will make sure Climate Change will win regardless 😂
@@SaintGerbilUK if you think that because we'll be drilling more oil that petrol/diesel will be cheaper good luck. theyll be priced with the international market and sold to other countries
@@SaintGerbilUK The O&G drilled in the UK isn't publicly owned, we will be paying the same global market price regardless, all this serves to do is extent an industry we shouldn't be pouring tax payer money into.
@@jackbellaudio anything that reduces the leverage of gulf morons is good
Hahahahaha, the minecraft bit is really cute, the editor deserves a raise
I bloody hope so !!!!
I thought this was going to be about the old dial up internet provider.
Net zero was never alive anyway.
It was and still is just empty words, and not just in UK
So should we give up or attempt to fulfill it?
@@davidmcculloch8490 we should stop pretending, that we are attempting to fulfill it
@@NadirAgha So do we take appropriate action to avoid destruction or forget it?
@@davidmcculloch8490how many poor people are you willing to kill to hit net zero?
@@davidmcculloch8490 The point is that we're not taking meaningful action to avoid it, we're just pretending we are.
What Sunak doesn't get with his daughters is their concern about the climate comes from the fact they are going to have to live in the world that their father is screwing up. Its time to stop kicking the can down the road and expecting our children to clean up our mess.
Net zero is unaffordable even with massive nuclear energy investment (which greens and nimbys have delayed for years)
Just build Nuclear Power plants 🤦♂️
Absolute Chad
The "nuclear Vs renewable" framing is unhelpful. I want both. Both until the fossil fuel industry is dead, we're at net zero, and we're free to properly argue about nuclear Vs renewables.
@@domtweed7323 Don’t the Brits only get 3 days of sunlight? I think they can only go nuclear? 😂
@@TheCentristChad Yes, but windy days and sunny days have a strong inverse correlation (windy days blow in clouds from the Atlantic), so the sun works when the wind doesn't.
@@domtweed7323 Building two different renewable energy power plants as a redundancy is expensive and ridiculous. I don't think it will work anytime soon. Germany is producing more CO2 now because they have to retire their old Nuclear power plants and they plan not to replace them. If only the hippies didn't kill the nuclear power industry in the 1970/80's? 😂
I support the move to increase oil and gas extraction in the UK. Countries like Russia and Saudi Arabia have too much power over the price of oil and gas, globally. It's important countries, especially the UK, boost their own domestic production of oil and gas to meet that demand, including global demand.
alternatively we could focus on becoming less reliant on oil and gas... or take the license into public ownership so we have full control on the price.
Even if the entire north sea was extracted, it wouldn't affect the global price at all, since the scale of global production is much larger.
The argument assumes we cannot invest in alternative energy sources. That is simply not the case.
There should be an automated message that just screams
PROXIMITY TO OIL AND GAS DOES NOT MEAN IT WILL BE ANY CHEAPER FOR YOU.
everytime someone makes that claim. It goes on the global market.
It would be good if not for the environmental consequences. But taking those into account, a better option would be to reduce demand rather than increase supply.
@@someguy-eh9mg I support boosting oil and gas production, especially if it goes onto the global market.
I didn't think the uk had any large untapped reserves of oil and gas left? I thought norway had some, which they have chosen not to use.
Drasha the UK has never had any oil and gas reserves it belongs to Scotland all stolen from the English
Drasha the UK has never had any oil and gas reserves it belongs to Scotland all stolen from the English
Rishi Sunak: My kids aint no eco zealots
Even funnier is that DB freight is going to retire all of its electric locomotives, going diesel only.
Without a social policy to take the profits and give it to the people the rich just become richer. Giving the track record of the Tories you know what's going to happen.
Communism?
@@eddiecalderoneSocialism
@@eddiecalderone Companies use energy too.
@@dobbysurfs
That’s not a U.K. thing, as in socialism
Good decision Sunak
if a quarter of our energy needs are still coming from oil and gas in 2050 we will be a long way away from net zero. Its like saying that a quarter of my diet will still be made up of chocolate cake even after i hit my weight loss goal in a years time. Either your not hitting your goal or your goal is to not lose any weight.
The goal isn't no emissions it is to be carbon neutral. That's why it's net zero not simply carbon zero. Planting trees for example can offset the carbon produced by factories.
@@brandonbridge371 that doesnt work tho. The world is not big enough to plant enough trees to campture all the carbon we get out of the ground. Other carbon capture technologies are way to ineffective and expensive also.
@@muskoxi9886carbon capture is not ineffective, it is quite effective, but it's expensive
@@muskoxi9886 I believe the plan is to assume that around 2049 some super-genius inventor will come along and invent a magic carbon removal sponge, so until then we can just carry on burning oil.
There are several areas of the economy that will be extremely hard to decarbonise. Like farming, the making of concrete etc. those are things we just don’t know how to do in a fully green way yet. energy generation isn’t one of those difficult sectors. We already know how to fully decarbonise it and we have the tech to do it. so to reach net zero we are going to have to stop the burning of ALL fossil fuels for energy and transport and then use the relatively small amount of carbon capture we are capable of to offset the things that will carry on emitting greenhouse gases for the foreseeable future
The British public just can't wait for 2024.
Ireland is part of the European Union. Ireland 🇮🇪 is not part of the UK.
Ireland is an ambiguous name: It refers to the land mass, which is a geographic but not a political classification.
@vylbird8014 There is nothing ambiguous about Ireland 🇮🇪. That is the name of my Country . The Island of Ireland consists of Ireland the Republic and Northern Ireland the province of the UK. You would think our nearest neighbours would know that. Ireland the Republic has been in existence since 1922. It's not rocket science.
If the policy was to get our fossil fuel needs from our own resources and commit to phasing it out then that would be a fair argument. But if that were the case the government could write such caveats into these new oil contracts which they won’t. Also the notion that we’ll still need oil and gas in 2050 is hilariously misguided.
@seamuspadraigsanders431 I disagree. Solar, wind and batteries will cover our energy needs by 2050. They are still following an efficiency and price cost curve. Even if we have some base load power from nuclear, hydro and tidal.
I agree that policy of own resources while we phase out would make more sense too. Can I ask why do you think we won't need oil & gas after 2050? Do we have feasible alternatives for all non-energy oil uses, and what about the IC engines that will still be in use at that date? I'm sorry if I sound uninformed, I've not long started thinking about it all
@philc.2504 Solar, wind and batteries are already the cheapest form of energy generation today, even cheaper than coal. Today our energy is 33.3% wind, 7.2% solar, 1.2% hydro, 13.6% nuclear (that's 55.3% of our energy that causes no GHGs already today.) Oil is 0%, coal is 0.8% and will be fazed out completely in 2024. 5.4% biomass, 21.4% is gas and 17.2% imports (a certain percentage renewable).
The cost of solar, wind and batteries are still following predictable cost and efficiency curves meaning that in future they will get even cheaper to produce electricity and generate more power. This year there are more investments by businesses into renewables than there has been into fossil fuels for the first time. This is not because businesses care about the environment, its because renewables are a cheaper and superior technology and companies want to profit off them.
We already know that we can power every country on renewables. Studies have been done on this. RethinkX has done some great work in this area. Teslas "Master plan part 3" also explains how the world can switch entirely to renewables and they don't even include future cost and efficiency curves in their data just to demonstrate how possible it is.
As for transport EVs are also following efficiency and cost curves. The most expensive part of an EV are the batteries, and new chemistries are making them cheaper and cheaper. This decade we'll see EVs reach price parity with IC cars and then fall lower in price. If you do the calculations EVs are already cheaper to own than IC cars because EVs are cheaper to fuel and have far fewer moving parts so they break down less and have very low maintenance costs. People will want to buy EVs simply because they are cheaper to buy and own and have better performance. Charging is the only draw back, however most current EV buyers have home charging, so they just plug in and wake up with a full charge in the morning. If you plot Wright's law with battery density by 2027 new EVs should be able to charge 200 miles in 4 minutes of rapid charging, at that point I don't see charging as an issue.
Although this is farfetched to some, we also need to consider the coming technology of autonomous vehicles. Self driving cars are already in operation in California, Nevada and Arizona. They are rudimentary atm but such software as a technology always follows s curves and progresses exponentially at points. Meaning self driving cars will fstwr than people expect and will be on UK roads. Many will opt to not own a vehicle at all because its cheaper to subscribe to a autonomous taxi network.
The main issue I see in the UK is heating. The roll out of air source heat pumps isn't happening fast enough and is more complicated than having a gas combi boiler.
However with cheaper more efficient energy electric heating becomes more viable. Home solar and battery storage will be far, far cheaper in 2040.
I don't think many predictions about climate, this includes the IPCC, take into account cost and energy curves like Wright's law. The IPCC have been demonstrably incorrect about their predictions of solar efficiency and cost over and over and over and over. In 2004 they predicted the cost and efficiency of solar in the year 2100, we passed that stage 3 years ago.
Why are people hell bent on things like solar and wind being "green and renewable" They are inefficient, have a huge waste problem when decommissioned and made of mined materials from all over the world. I have first hand experience with solar, my system is 515w 12v the physical size is about the size of a house door. So on my boat takes up loads of space. Most of the time its just enough for my lights and my fridge anymore like my laptop and phone it's not enough. Policy makers and echo wannabes need to have first hand experience with the "renewable" power. A few weeks ago it was warm in the UK one of the longest daylight days and now wind. They had to fire up the coal power plants to keep the demand due to solar becoming even more inefficient when they get hot. You would need to cover 25% of the uk in so called renewables to make our demand. Get the experience before you start moaning. FYI you need to drive an electric car 80k miles to break even on the emissions that doesn't account for decommissioning the vehicle. they also weigh more so you need more tyres and resurface the road more often. Green is actually very dirty.
Sunak,although suddenly wanting to be the people's PM will do a massive U turn after the next election.Don't fall for it,Our only chance to regain political stability is to vote REFORM
If there isn’t a policy to make companies make prices cheaper than everything useless
If we are selling 80% of oil that helps pay for moer wind, solar and water turbine energy. Wich in my opinion is a good idea rather than borrowing the money to do this and put us in more debt. Its a no brainer . Im not a fan of the pm but if this is his idea for funding renewable energy its not bad .
I want cheaper energy bills...i will be dead in say 20 years or so so i couldn't care less how this happens the next generation can sort it out, and by then they will also want cheaper energy bills.
The youth can get cheaper heating bills by setting old selfish counts like you on fire.
As a politician, Sunak will also be wondering what proportion of actual UK voters agree with these critics, or are bothered at all by this issue. Secondly, when it is a choice between greater short term prosperity and energy security, and longer term heading off climate change, I'm not sure voters will go for the latter.
In america we had a huge heat wave a few weeks ago that hurt our refineries I don't get how they think this will be successful?
Thatcher messed up, Sunak's plan is to correct this, but way too late and ultimately destructive move.
If it's not produced here we'll have to import it from elsewhere. The important factor re net zero is not where the oil is produced , but how much DEMAND for oil is reduced in the UK.
Drill in your own country? or
Purchase oil from Dictators ( Saudi, Russia, Venezuela, Iraq ) ? with extra Shipping charges, Pollution from Oil ships,
Selling off North sea oil reserves to multinational companies does absolutely nothing to increase the UK's energy security. The oil will be sold on the global market.
we buy most of it from friendly countries which you would know if you watched the video
Come on you can't talk with sense with these climate activist
Stop build nuclear and oil well
We should import more oil and coal
Children asking what your doing about climate change is like a duck asking you where your doing about Mars. They shouldn't even know about it
I'm surprised that the 43y.o. Rishi is bending over backwards for energy executives who are likely older than him when he probably intends to live another 40 to 50 years (depending on healthcare and other factors).
I think there is a fallacy about Net Zero: CO_2 that's emitted from non-capturing sources will still have a chance to anplify atmospheric and oceanic consequences (grernhouse effect, acidification). Perhaps a measuee of "atnospheric heating potential" should be measured for businesses that emit byproducts of CO_2, methane, nitrous oxide, and others instead of relying on schemes of carbon credits and direct capture offsetting.
capturing doesn't work anyway.
Tldr needs to talk about Ecosia they are a search engine that plants trees
Time to protest, Loudly.
if in the hottest year ever when people are dying from beat strokes by the thousands Sunak will get rid of net zero, it will basically be the real-life version of "some of you may die, but that is a price I am willing to accept".
way more people die from the cold than from heat.
How the hell can a quarter of energy coming from oil and gas even be net zero?
Impressive that the moderator don't started laughing. Respect.
Sunak is correct that mining more fossil fuels will help to fight climate change. I know that sounds counter intuitive but we need to look at the economics of the situation and also take consideration other countries transitioning to greener energy supplies. If every country moves away from mining, then the availability of gas and oil decreases and the cost of these fuels increase; although this sounds like a good incentive to transition away from fossil fuels the money lost to paying the additional fuel costs is money taken away from green energy investments. The additional revenue the UK gets from mining can also be put towards further green investments.
The bottom line is that every country needs to reduce their carbon emissions, this is a global issue affecting us all. Making it more difficult to transition away from fossils is a detriment to us all.
short term pain to deal with medium term inflation to in turn fund long term climate ambitions.
I guess the solution is : gulf countries need democracy
Tbf if the revenue was used to build a green sovereign wealth fund to be invested like Noway in overseas green investment opertunity which can also make profits to be reinvested I’d support it
True!!!
@allergy5634 oh I agree. It’s why I said if
2:18 That alpha mask for the hair is still impressive.
Money over net zero
"eco zealots" yeah, we actually need those. It's the only way at this point to salavage anything. People need to realise we need to make sacrificies and do some serious changes.
You would need to persuade people to stop sacrificing everything in a desperate effort to support the fossil fuel industry. That’s not going to happen.
I feel like with some reforms (probably under a new government) this could actually hugely benefit the UK. I first want to establish that Net Zero is unrealistic by 2050. First of all its estimated there are not enough rare earth metals on the planet to transition everyone’s energy needs to green energy, let alone the environmental damage done particularly to underdeveloped countries as a result of expanding the extraction and industrial base to process these minerals by factors of 3-4. I also don’t take climate activism seriously on count of their anti nuclear policies which ironically have set us back decades and have resulting in truly out of touch policies notably in Germany, where the greens would rather Germany burn lignite coal, (The, with a capital ‘T’, dirtiest coal in the world) rather than nuclear power, during a energy crisis.
Energy security I think is a valid argument, while most of the uk imports came from Norway, with the war in Ukraine, every European state east of the river Rhine is now buying Norwegian gas, so the uk is paying more for less. Although this is were I think future regulation’s probably under labour would result in hopefully limiting exports or gaining large tax revenues to offset the cost of living in the UK. However the more important thing is the uk oils producing capacity has been increased, so even if a reform isn’t passed if things really go south like WW3 or the global economy collapsing, a simple ban on uk oil and gas exports would leave plenty for British citizens.
This is also good for the UK economy, as established the entire world can’t go fully renewable, natural gas especially is much cleaner than coal, thus its “better” for the environment. If properly managed it could also be reserved for reviving heavy industries in the UK as companies begin to leave china for closer supply chains back at home, and even leave Germany as their population has aged beyond recovery. This leaves renewables to be power homes which don’t require the truly massive amounts of electricity that many industries need.
5 years ago, climate change was the biggest threat to westerners, when wars were something that was fought in the Middle East against extremist, and not on Europe’s door step against a state hellbent on reforming its empire. When we were supposedly at the “end of history” we let our guard down for 30 years and now we need to gain back our strength before its too late. There is still much to be desired but this is at least a step forward.
“Climate activists are sometimes depicted as dangerous radicals. But the truly dangerous radicals are the countries that are increasing the production of fossil fuels. Investing in new fossil fuels infrastructure is moral and economic madness.”
UN chief António Guterres in 2022
Its better to get it from the North sea then import from authoritarian countries
Morally you might have a point but it would be better if only a tiny amount of oil was needed.
Then those gulf petro states couldn't have such a massive say over things. They also see the end is on its way so have diversified into tourism to try and keep money coming in. Dubai barely existed in the 1990s and now everyone know it.
Net zero in the UK would make no difference to Climate change. I see it as a waste of time and money.
Well they're "absolutely committed" to net zero so yeah that's out the window
Everyone should be zealous about the environment.
Sunak is sadly the worst for equality and the planet's health
Why do we export so much if we import so much from Norway….?
You know the oligarchs will get everything they want now that EU is not the big baddie in the room anymore..
You prefer EU oligarchs ?
We will always need oil, not necessarily for energy production but for the things we make with it.
We would need a great deal less of it if we weren't burning so much though.
@@vylbird8014 that is true but many believe that we should cease to drill for new oil indefinitely which is shortsighted imo
@@ruairidhdavidson288 That should really be the aim. It would be easier if it had started twenty years ago.
@@vylbird8014 there is no realistic world where no new oil is needed for manufacturing, even if it's use as fuel is abandoned. Basically all organic chemicals are manufactured from hydrocarbons additionally plastics are necessary for many industries such as electronics etc. Not all of these are practical to recycle and so new oil will be required
Not sure how drilling oil means you have to use it past 2050.
Only time will tell? I think time has already told.
Net zero will never be achieved its the common interest of every country to combat climate changed but its in every individual country interest to not transition to net zero.
Textbook tragedy of the commons, yes.
How can anyone still think that the increasing supply of a product will be a bad thing in regards to the cost of said product
Well it wouldn't make the cost higher, but if all that money and oil goes overseas, which it definitely will, then there will be essentially no benefit for anyone in Britain except the people who own the oil
Let's take the exact same argument and apply it to the grain situation between Ukraine/Russia/ the rest of if the world. Russia is trying to limit the amount of grain that Ukraine is able to ship out because it allows them to charge more money for the grain that THEY can ship out.
The price of grain in Argentina, or Egypt, or China, or Australia or the UK, or even the US will go up or down depending on how much total grain is hitting the global market. Prices in the US won't be affected AS MUCH as elsewhere because of how much is produced there. But it'll still be affected to some extent.
Switch the word "grain" with "oil" and the same argument will apply. Sure if the UK supplies more oil it won't suddenly make the price of fuel in that country drop in half. But it'll lower the cost globally just a bit more. Which will decrease the overall risk to Europe the next winter because the cost will go down. It'll decrease how much control Saudi Arabia can exert over the UK because of the ability to provide a little bit more to the local market decreasing the amount of Saudi oil that lands there.
It's a globally connected market that can't be kept local any more but that doesn't mean it won't make things slightly more comfortable on that local level
How can anyone still think the Tories will use this to lower cost rather than increase their own profits? You have to be extremely dumb at this point to believe that they will do anything for our benefit.
@@calebbearup4282 ukraine is one of the biggest global producers of grain, meanwhile UK oil exports are a drop in the ocean compared to America, Russia, and the gulf states
@@HappyGingerWolf the UK was ranked 19th last I knew. Not the same level as the amount of grains from Ukraine no. But not insignificant either.
They import 177k barrels a day more than they export.
A ten percent increase in oil production wouldn't be an easy target but it's not impossible either.
But at the same time a ten percent increase in production would even out the difference between imports and exports. Which would go a long ways towards energy sustainability and national security
We should be using it domestically if this was really about having a local supply. I find it disingenuous that he makes it out to be so when it isn't. But I also find it ridiculous that people would have us just rely on exports as well, offshoring our carbon footprint to pretend we are becoming greener is a thing that has happened for too long.
Probably the best argument for it is that by giving these contracts out, in the short term these companies will build their rigs and do their thing, then later down the line if things go south (for example with the current conflict with Russia) we have existing rigs we can take control of to help supply ourselves. I think ultimately the days of relying on global markets may be coming to an end and this might be a move in anticipation of that... Being prepared for the worst, just like you know... that alert system the government decided for obviously no particular reason to set up on everyone's phones.
@@Essentially_Nobody Oil is used for alot more than just energy, it isn't going anywhere in our lifetime.
While I agree it actually makes sense to use it locally the way the climate con works is you get more carbon credit for shipping it around the world.
This isn't just a Conservative-imposed thing that can be remedied by voting in someone else. It's much deeper than that. We have no option for a voice of reason. That worries me.
Net zero is completely pointless unless it's a global effort. The UK going net zero won't do anything but raise living expenses even further.
If we export all that gas and oil, then it goes on another countries carbon account, and is accounted on ours as a negative, or a credit line item. We are good….. at slight of hand accounting….
That is what Carbon neutral is all about though, you still have climate summits where everyone fly's a private jet there but then pay to plant a few trees to "offset" it.
Yet they wouldn't accept the same for members of the public you have to give up your holiday and stop using your car.
As someone living in the uk wtf can I do to prevent stuff like this D:
I don’t understand why nobody is talking about a sovereign wealth fund. If we followed Norway’s example and carried on drilling but put the proceeds into a sovereign wealth fund we would be able to invest that fund into more renewable energy programmes. Look at how green Norway is as a result
Look at the UK's budget deficit. Any time there is excess money that could be used for such a fund, it's been used to lower taxes instead.
@@vylbird8014 yes, short-term thinking and vote-seeking as ever
As a NZer living in the UK, it is shocking to me how badly the environment has already been damaged,destroyed and eradicated in the UK. I remember visiting my grandparents in the early 90s in the UK and things were less advanced even then. I'm not sure if it's that people are so used to being gasslit that they don't question this degradation or if it's been lost as something people feel connected to begin with, but it's extremely sad. I hope that we are intelligent enough as a species to turn things around, but I worry we are waiting for someone else to save us. Nobody's coming ❤
To be fair, NZ looks like NZ because there's only 5 million people living there as opposed to 67 million in the UK. And much of the landscape outside of DOC land has been altered to graze cows and sheep.
Good luck with that Net Zero. Without the capability of replacing what you’re voluntarily giving up, I fear you will find that Net Zero will be a more accurate description than you expect.
I refuse to use X or xpro or whatever so I'm praying the TLDR team sees this.
In your nebula video is sunak becoming more right wing @27:24. That logged is flawed it's looking only at numbers for the current year. If we combines all carbon emissions from every country from the start of the industrial revolution until today. The USA is number 1, the UK is 2nd and there's a considerable gab between these 2 and the rest of the list. So these 2 countries should be doing the most to combat climate crisis.
The most green thing he can do is launch himself into the sun.
Why is importing oil and gas from Norway any better than producing it domestically? I will never understand the thinking of environmentalists. Net Zero is a green dream that is never going to happen.
Probably something said by their social studies professor
If his evil was a competant one we'd all be in alot of trouble
He can't even speak about his children in a normal way, he's so disconnected from other people