Soaring energy prices in the United Kingdom have led Ineos to halt operations at three chemical plants, jeopardizing thousands of jobs and raising concerns over the country’s industrial and environmental policies.
Soaring energy prices in the United Kingdom have led Ineos to halt operations at three chemical plants, jeopardizing thousands of jobs and raising concerns over the country’s industrial and environmental policies. PULSE POINTS WHAT HAPPENED: Ineos has announced the mothballing of three chemical plants in Hull due to “ridiculously high energy prices” in the United Kingdom, according to company founder Sir Jim Ratcliffe. The plants are critical to various industries including pharmaceuticals, construction, and cosmetics. This follows President Donald J. Trump chastising successive British prime ministers for sabotaging the North Sea oil and gas sector, arguing that it could supply cheap and plentiful energy and make Britain “a…Open
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The pursuit of net zero has inexorably raised the cost of UK electricity—for which, naturally, fossil-fuel price spikes are getting all the blame. The post The UK’s Energy Woes Can’t Be Blamed on Gas appeared first on The American Conservative .
Economy Economy The UK’s Energy Woes Can’t Be Blamed on Gas The pursuit of net zero has inexorably raised the cost of UK electricity—for which, naturally, fossil-fuel price spikes are getting all the blame. UK Special Coverage In response to discontent over the UK’s punishingly high electricity prices—with domestic rates being near the highest in Europe and industrial rates being the highest —Energy Secretary Miatta Fahnbulleh has been making the media rounds, asserting that rates are overwhelmingly “being driven by global fossil-fuel markets,” and that as a…Open
The state is considering extending the life of its last nuclear power plant, Diablo Canyon, and allowing construction of new reactors to help meet its clean energy goals.
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