Climate change and the impending apocalypse

[lapsedhibee]

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Because of decades of dithering the UK is in a position of either having to grant these new licenses or having to buy fossil fuels from elsewhere. A perpetual shambles.

Isn't it the case that we'll be buying fossil fuels from 'elsewhere' whether or not these new licences are granted? The new stuff will just be sold on international markets like the old stuff.

[Ozyhibby]

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Isn't it the case that we'll be buying fossil fuels from 'elsewhere' whether or not these new licences are granted? The new stuff will just be sold on international markets like the old stuff.

Correct. All we are doing is adding to global supply so that everyone can keep ignoring net zero.


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[Just Alf]

If I'm reading all this right.

One one hand Westminster is signing off on a load of new north sea oil/gas extraction licences enabling the oil giants to make a **** load of money selling to us/other countries.

And on the other, Westminster has agreed to pay towards offsetting carbon emissions by pumping it into the depleted North Sea gas fields.

So the big guys continue to make a mint and us taxpayers will pay towards offsetting their emissions????

Surely the sensible thing is for the oil giants to use a tiny percentage of their profits to pay for the carbon capture!

[Ozyhibby]

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If I'm reading all this right.

One one hand Westminster is signing off on a load of new north sea oil/gas extraction licences enabling the oil giants to make a **** load of money selling to us/other countries.

And on the other, Westminster has agreed to pay towards offsetting carbon emissions by pumping it into the depleted North Sea gas fields.

So the big guys continue to make a mint and us taxpayers will pay towards offsetting their emissions????

Surely the sensible thing is for the oil giants to use a tiny percentage of their profits to pay for the carbon capture!

We actually subsidise them to get the oil out. Apparently the oil business isn’t that profitable. Modern Scotland.


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[Kato]

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If I'm reading all this right.

One one hand Westminster is signing off on a load of new north sea oil/gas extraction licences enabling the oil giants to make a **** load of money selling to us/other countries.

And on the other, Westminster has agreed to pay towards offsetting carbon emissions by pumping it into the depleted North Sea gas fields.

So the big guys continue to make a mint and us taxpayers will pay towards offsetting their emissions????

Surely the sensible thing is for the oil giants to use a tiny percentage of their profits to pay for the carbon capture!

C'mon, man. That would bite into their profits, which is a heretical concept in this country.

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[Smartie]

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If I'm reading all this right.

One one hand Westminster is signing off on a load of new north sea oil/gas extraction licences enabling the oil giants to make a **** load of money selling to us/other countries.

And on the other, Westminster has agreed to pay towards offsetting carbon emissions by pumping it into the depleted North Sea gas fields.

So the big guys continue to make a mint and us taxpayers will pay towards offsetting their emissions????

Surely the sensible thing is for the oil giants to use a tiny percentage of their profits to pay for the carbon capture!

I think you need to have one of those Ian Murray suits to be able to make sense of it.

We don't deserve better because we don't want any better.

[Kato]

Watching the announcements on tea time news. A total sham.

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[Stairway 2 7]

Pretty interesting thread from Ed Conway.

This is all a bit of a sideshow as it won't make much of a difference to uk output. North Sea basin is drying up and this will barely change that, we'll need to import. We should have went nuclear and renewable heavy 30 years ago.

Oil exploration might help plug the import gap a bit but gas is minimal

https://twitter.com/EdConwaySky/stat...50470731608064

[grunt]

Lying Tory liar Rishi Sunak lies about Oil & Gas.

https://twitter.com/implausibleblog/...367908354?s=20

[Ozyhibby]

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Lying Tory liar Rishi Sunak lies about Oil & Gas.

https://twitter.com/implausibleblog/...367908354?s=20

Uk have been lying to Scotland about this for 50 years now. Still seems to work though..


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[xyz23jc]

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We actually subsidise them to get the oil out. Apparently the oil business isn’t that profitable. Modern Scotland.


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Union Dividend Shirley...!

[TrumpIsAPeado]

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North Sea basin is drying up

It's been "drying up" ever since they tucked away the McCrone Report nearly 50 years ago.

[Stairway 2 7]

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It's been "drying up" ever since they tucked away the McCrone Report nearly 50 years ago.

No one with knowledge on the matter doesn't think the majority of the oil and gas hasn't already been extracted. Its an aging basin and its getting more expensive to get to the less accessible deposits.

It's over now all chance of massive profits for the public is gone, sold to BP and Shell for pennies. The brutal thing is scot gov has done the same with our renewables. Sold the rights for sweeties to the same polluting multinationals, so there will be no great windfalls. Neoliberal parties giving our resources to multinationals on repeat

[TrumpIsAPeado]

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No one with knowledge on the matter doesn't think the majority of the oil and gas hasn't already been extracted. Its an aging basin and its getting more expensive to get to the less accessible deposits.

It's over now all chance of massive profits for the public is gone, sold to BP and Shell for pennies. The brutal thing is scot gov has done the same with our renewables. Sold the rights for sweeties to the same polluting multinationals, so there will be no great windfalls. Neoliberal parties giving our resources to multinationals on repeat

Every major political party is neoliberal. They can't be elected otherwise. The media crucifies any party or party leader that attempts to stray away from this model and the general public fall for it every time. So we get what we deserve really.

As for the challenges of extracting oil and gas deeper down, the technology has consistently changed and evolved over time to make inaccessible sites more accessible. They always find a way of extracting more, despite nonsensical claims of things "running out". Extraction won't stop until it's no longer financially feasible or until we've burned and choked to death. My prediction is the latter.

[Ozyhibby]

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No one with knowledge on the matter doesn't think the majority of the oil and gas hasn't already been extracted. Its an aging basin and its getting more expensive to get to the less accessible deposits.

It's over now all chance of massive profits for the public is gone, sold to BP and Shell for pennies. The brutal thing is scot gov has done the same with our renewables. Sold the rights for sweeties to the same polluting multinationals, so there will be no great windfalls. Neoliberal parties giving our resources to multinationals on repeat

Within the confines of the devolution settlement I’m not sure the SG could have done anything else? I’m sure they would have loved to have set up a nationalised company but it can’t.


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[Stairway 2 7]

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Every major political party is neoliberal. They can't be elected otherwise. The media crucifies any party or party leader that attempts to stray away from this model and the general public fall for it every time. So we get what we deserve really.

As for the challenges of extracting oil and gas deeper down, the technology has consistently changed and evolved over time to make inaccessible sites more accessible. They always find a way of extracting more, despite nonsensical claims of things "running out". Extraction won't stop until it's no longer financially feasible or until we've burned and choked to death. My prediction is the latter.

Who said every party wasn't neolib. The fact is we sold the rights to oil and renewables for a tiny fraction of what the energy companies get

Your second paragraph is just wrong. The fact is the north Sea oil is running out, that's good for the climate. The tories new licences won't stop the decline in output coming up.Screenshot_20230801_072302_Gallery.jpgScreenshot_20230801_072259_Gallery.jpg

[Stairway 2 7]

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Within the confines of the devolution settlement I’m not sure the SG could have done anything else? I’m sure they would have loved to have set up a nationalised company but it can’t.


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They could. Commonweal had discussions with them on how they could set up a nationalised company and retain the profits, it was ignored although Labour in Wales are working with common weal. We will be getting £50-£90 million annually, whilst energy companies will make £3.5-£5.5 Billion! Annually, BP and Shell will get 20% of that. Makes the ferries look like a wee hiccup

https://indylibrary.scot/scotwind-pr...s-future-again

[Ozyhibby]

https://podcasts.apple.com/gb/podcas...=1000622942006

Stephen Flynn on yesterday’s announcement.


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[Ozyhibby]

https://www.thelondoneconomic.com/po...cences-353690/


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[Ozyhibby]

https://twitter.com/edwinhayward/sta...dxJXScFNwz8V4A

Here is how you know Labour are in on this.


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[AgentDaleCooper]

https://www.bbc.co.uk/news/science-environment-66289494

i suspect i sound slightly hysterical about the issue, but genuinely, are we not at the point now where panic is a far more appropriate response than weighing up the economic impacts whilst the Tories (and inevitably Labour) drive us into disaster?

Obviously the solution will have to be practical and minimise disruption, but if we wait until things get truly real, then it'll be too late.

[Stairway 2 7]

We should do everything we can but we're also at the whim of the rest of the world. Uk has 1 coal power plant, Germany 69, China 1150 for example. Populations in countries like India and Nigeria are going to explode in the next 50 years. We should collectively help them do that with as little ecological damage as possible.

I'm certain we won't though

[Ozyhibby]

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We should do everything we can but we're also at the whim of the rest of the world. Uk has 1 coal power plant, Germany 69, China 1150 for example. Populations in countries like India and Nigeria are going to explode in the next 50 years. We should collectively help them do that with as little ecological damage as possible.

I'm certain we won't though

We need to lead and make them follow. Start putting tariffs on goods not made with clean energy etc.


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[Ozyhibby]

https://twitter.com/channel4news/sta...dxJXScFNwz8V4A
Channel 4 calling out the Tories in a way the BBC can’t these days.


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[Stairway 2 7]

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We need to lead and make them follow. Start putting tariffs on goods not made with clean energy etc.


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Uk has cut the % of carbon used faster than any other g7 nation, almost halved in 30 years. Canada, USA and Japan barely look arsed. I doubt they will change due to us they haven't so far. Although we should do as much as we can to clear our conscience

[Ozyhibby]

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Uk has cut the % of carbon used faster than any other g7 nation, almost halved in 30 years. Canada, USA and Japan barely look arsed. I doubt they will change due to us they haven't so far. Although we should do as much as we can to clear our conscience

Our figures look good because we stopped making things.


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[Stairway 2 7]

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Our figures look good because we stopped making things.


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The other nations g7 outsource also. Uk has dropped but it still produced 1.8% of the world's manufacturing last year, almost double our population

[Kato]

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The other nations g7 outsource also. Uk has dropped but it still produced 1.8% of the world's manufacturing last year, almost double our population

4.9% in 1990, dropped by over 50% since then.

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[Kato]

Germany in 1990 was around 7.6% and they had increased their share by 2019 to 8%. So not so much outsourcing for them.

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[Ozyhibby]

https://twitter.com/bbcnewsnight/sta...dxJXScFNwz8V4A

Embarrassing from Labour.


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