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Starmer pushes ahead with a state-owned "green energy" investment company which will be devastating to nature
By Rhoda Wilson | July 26, 2024 | 7 Comments
Keir Starmer has announced plans to build enough offshore wind to power 20 million homes over the next five years using taxpayer money to develop parts of the seabed owned by The Crown Estate.
Even though The Crown Estate feigns concern for UK citizens and nature, it will be devastating to both.
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The establishment of Great British Energy ("GBE") is a central part of the government's green agenda, ultimately aiming to provide "clean" power by 2030 and reach net zero by 2050. Although Sir Keir Starmer is yet to announce details of GBE, he has announced a major partnership with The Crown Estate.
GBE will not produce energy. It will not supply energy. It will not add value to the country's energy resources or infrastructure. It is an investment company. It is merely a vehicle through which the UK government will invest taxpayers' money in "renewable" energy projects, such as wind farms.
Using all the fluffy language required to sell a defective product, Energy Secretary Ed Miliband is attempting to get the public on board by describing GBE as being owned by the British people. This is disingenuous. What he means is it will be owned by the UK government even though it is funded by the people.
What Miliband is describing is socialism, where the government has ownership and direct control over industries and resources. Any form of socialist regime – which by nature increases government ownership, intervention and control – raises questions about efficiency, accountability and the balance between state control and individual rights and freedoms.
Unless you’ve been living under a rock for the last four and half years, you'll know that there is a huge difference between the people's wishes and the Government’s wishes. And there is a huge difference between what is beneficial to the people and what is beneficial to the Government.
As we've witnessed Members of Parliament not representing the well-being and concerns of their constituents, so government ownership of a company does not mean the people will have a say or oversight in what a state-owned company’s directors do. The only achievements of a government-owned company that we can be fairly certain of are an increase in bureaucracy, corruption and control over our lives. GBE will ultimately cost the people dearly.
Regardless of the people’s wishes, Starmer and Miliband are pressing forward at taxpayers’ expense. The proposed state-owned GBE will be headquartered in Scotland. And although it is yet to be formally set up, a process that will require legislation, Miliband has already appointed a chairman to run it.
Once it is set up, GBE will be given £8.3bn of public money to invest in green technologies with a target of developing 20-30GW of offshore wind power. This investment aims to help hit the government's target of decarbonising Britain’s power sector by 2030.
It aims to attract a further £60bn in investment and accelerate the deployment of “clean” energy to create jobs and lower energy bills.
The company's initial focus will be on offshore wind, but it also plans to invest in other technologies such as carbon capture and tidal power. The company plans to work on activities such as scoping out the seabed and ensuring connections to the onshore grid for new turbines.
In an article for the Guardian, Miliband said: "The crown estate, which has a £16bn portfolio of land and seabed and returns its profits to the government, will bring its long-established expertise having enabled the UK as world leader in offshore wind and the new borrowing powers recently announced by government."
The government's deal with The Crown Estate, which will have new powers to borrow money and invest, allows Miliband to sidestep some of the Treasury's strict public finance rules.
The involvement of The Crown Estate and the royal family is expected to bring credibility and support to the initiative.
Labour is also in discussions with the Scottish government and the devolved management of The Crown Estate in Scotland about support for local projects.
As we have detailed in many articles, there is no climate change crisis and the climate change agenda is spurious. So, what is the Government’s real aim in launching a state-owned energy company? Perhaps a good place to start is with the so-called credibility of King Charles III.
King Charles III's Credibility
For decades, attempts have been made to use climate change to justify radical policy changes. But "The Great Reset" is the most ambitious and radical plan the world has seen in more than a generation. Who launched The Great Reset? None other than King Charles III, who at the time was Charles, Prince of Wales. On 3 June 2020, then Prince Charles launched The Great Reset through his official website. The announcement said: "Today, through HRH's Sustainable Markets Initiative and the World Economic Forum, The Prince of Wales launched a new global initiative, The Great Reset … The Great Reset, which was launched during a virtual roundtable today, aims to rebuild, redesign, reinvigorate and rebalance our world."
The establishment of Great British Energy ("GBE") is a central part of the government's green agenda, ultimately aiming to provide "clean" power by 2030 and reach net zero by 2050. Although Sir Keir Starmer is yet to announce details of GBE, he has announced a major partnership with The Crown Estate.
GBE will not produce energy. It will not supply energy. It will not add value to the country's energy resources or infrastructure. It is an investment company. It is merely a vehicle through which the UK government will invest taxpayers' money in "renewable" energy projects, such as wind farms.
Using all the fluffy language required to sell a defective product, Energy Secretary Ed Miliband is attempting to get the public on board by describing GBE as being owned by the British people. This is disingenuous. What he means is it will be owned by the UK government even though it is funded by the people.
What Miliband is describing is socialism, where the government has ownership and direct control over industries and resources. Any form of socialist regime – which by nature increases government ownership, intervention and control – raises questions about efficiency, accountability and the balance between state control and individual rights and freedoms.
Unless you’ve been living under a rock for the last four and half years, you'll know that there is a huge difference between the people's wishes and the Government’s wishes. And there is a huge difference between what is beneficial to the people and what is beneficial to the Government.
As we've witnessed Members of Parliament not representing the well-being and concerns of their constituents, so government ownership of a company does not mean the people will have a say or oversight in what a state-owned company’s directors do. The only achievements of a government-owned company that we can be fairly certain of are an increase in bureaucracy, corruption and control over our lives. GBE will ultimately cost the people dearly.
Regardless of the people’s wishes, Starmer and Miliband are pressing forward at taxpayers’ expense. The proposed state-owned GBE will be headquartered in Scotland. And although it is yet to be formally set up, a process that will require legislation, Miliband has already appointed a chairman to run it.
Once it is set up, GBE will be given £8.3bn of public money to invest in green technologies with a target of developing 20-30GW of offshore wind power. This investment aims to help hit the government's target of decarbonising Britain’s power sector by 2030.
It aims to attract a further £60bn in investment and accelerate the deployment of “clean” energy to create jobs and lower energy bills.
The company's initial focus will be on offshore wind, but it also plans to invest in other technologies such as carbon capture and tidal power. The company plans to work on activities such as scoping out the seabed and ensuring connections to the onshore grid for new turbines.
In an article for the Guardian, Miliband said: "The crown estate, which has a £16bn portfolio of land and seabed and returns its profits to the government, will bring its long-established expertise having enabled the UK as world leader in offshore wind and the new borrowing powers recently announced by government."
The government's deal with The Crown Estate, which will have new powers to borrow money and invest, allows Miliband to sidestep some of the Treasury's strict public finance rules.
The involvement of The Crown Estate and the royal family is expected to bring credibility and support to the initiative.
Labour is also in discussions with the Scottish government and the devolved management of The Crown Estate in Scotland about support for local projects.
As we have detailed in many articles, there is no climate change crisis and the climate change agenda is spurious. So, what is the Government’s real aim in launching a state-owned energy company? Perhaps a good place to start is with the so-called credibility of King Charles III.
King Charles III's Credibility
For decades, attempts have been made to use climate change to justify radical policy changes. But "The Great Reset" is the most ambitious and radical plan the world has seen in more than a generation. Who launched The Great Reset? None other than King Charles III, who at the time was Charles, Prince of Wales. On 3 June 2020, then Prince Charles launched The Great Reset through his official website. The announcement said: "Today, through HRH's Sustainable Markets Initiative and the World Economic Forum, The Prince of Wales launched a new global initiative, The Great Reset … The Great Reset, which was launched during a virtual roundtable today, aims to rebuild, redesign, reinvigorate and rebalance our world."
Who participated in the roundtable? Charles III didn't elaborate.
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