• 2 days Iraq Begins To Rebuild Largest Refinery
  • 2 days Canadian Producers Struggle To Find Transport Oil Cargo
  • 3 days Venezuela’s PDVSA Makes $539M Interest Payments On Bonds
  • 3 days China's CNPC Considers Taking Over South Pars Gas Field
  • 3 days BP To Invest $200 Million In Solar
  • 3 days Tesla Opens New Showroom In NYC
  • 3 days Petrobras CEO Hints At New Partner In Oil-Rich Campos Basin
  • 3 days Venezuela Sells Oil Refinery Stake To Cuba
  • 3 days Tesla Is “Headed For A Brick Wall”
  • 3 days Norwegian Pension Fund Set to Divest From Oil Sands and Coal Ventures
  • 3 days IEA: “2018 Might Not Be Quite So Happy For OPEC Producers”
  • 3 days Goldman Bullish On Oil Markets
  • 4 days OPEC Member Nigeria To Issue Africa’s First Sovereign Green Bond
  • 4 days Nigeria To Spend $1B Of Oil Money Fighting Boko Haram
  • 4 days Syria Aims To Begin Offshore Gas Exploration In 2019
  • 4 days Australian Watchdog Blocks BP Fuel Station Acquisition
  • 4 days Colombia Boosts Oil & Gas Investment
  • 4 days Environmentalists Rev Up Anti-Keystone XL Angst Amongst Landowners
  • 4 days Venezuelan Default Swap Bonds At 19.25 Cents On The Dollar
  • 5 days Aramco On The Hunt For IPO Global Coordinators
  • 5 days ADNOC Distribution Jumps 16% At Market Debut In UAE
  • 5 days India Feels the Pinch As Oil Prices Rise
  • 5 days Aramco Announces $40 Billion Investment Program
  • 5 days Top Insurer Axa To Exit Oil Sands
  • 6 days API Reports Huge Crude Draw
  • 6 days Venezuela “Can’t Even Write A Check For $21.5M Dollars.”
  • 6 days EIA Lowers 2018 Oil Demand Growth Estimates By 40,000 Bpd
  • 6 days Trump Set To Open Atlantic Coast To Oil, Gas Drilling
  • 6 days Norway’s Oil And Gas Investment To Drop For Fourth Consecutive Year
  • 6 days Saudis Plan To Hike Gasoline Prices By 80% In January
  • 6 days Exxon To Start Reporting On Climate Change Effect
  • 6 days US Geological Survey To Reevaluate Bakken Oil Reserves
  • 6 days Brazil Cuts Local Content Requirements to Attract Oil Investors
  • 7 days Forties Pipeline Could Remain Shuttered For Weeks
  • 7 days Desjardins Ends Energy Loan Moratorium
  • 7 days ADNOC Distribution IPO Valuation Could Be Lesson For Aramco
  • 7 days Russia May Turn To Cryptocurrencies For Oil Trade
  • 7 days Iraq-Iran Oil Swap Deal To Run For 1 Year
  • 9 days Venezuelan Crude Exports To U.S. Fall To 15-year Lows
  • 9 days Mexico Blames Brazil For Failing Auction

Breaking News:

Iraq Begins To Rebuild Largest Refinery

Alt Text

Troubled GE Slashes 12,000 Energy Jobs

As General Electric’s stock price…

Alt Text

China Launches World’s First All-Electric Cargo Ship

A Chinese shipbuilder has just…

Alt Text

The Electric Truck Revolution Is About To Accelerate

Cargo transport companies have begun…

Leaked Documents Reveal UK Government Opposes EU Green Energy Targets

Leaked Documents Reveal UK Government Opposes EU Green Energy Targets

New documents that have been leaked reveal that the British government has been trying its best to dilute the potency of new European renewable energy and carbon emission targets, despite professing to be “the greenest government ever.”

In a move backed by the UK’s six biggest energy firms, British officials have been constantly trying to prevent the approval of new EU rules on energy efficiency, and try to alter them to make them voluntary rather than mandatory; they have also repeatedly blocked EU efforts to adopt new renewable energy targets.

This news is at odds with the common position that the government are trying to push within the UK; that they are in favour or renewable energy, and have actually proposed a green energy bill which they believe could generate £110bn in investment in low-carbon and efficient energy infrastructure, in a move that they call the biggest shakeup of the market since privatisation in the 1980s.

A spokesman for the Department of Energy and Climate Change explained that “the UK has been taking a lead role in trying to get agreement on the energy efficiency directive. We want it to be ambitious but it needs to be something that will be deliverable here in the UK and across the rest of the EU.” The word ‘deliverable’ isn’t very inspiring, the targets should be something that stretches the government s, something they must work hard to achieve by making significant changes, not something that can be quite easily accomplished.

In one attempt by the EU to draft a renewable energy target for 2050, the UK attempted to alter the wording to a far vaguer target of “a significantly increased share for renewables in the energy mix.” They are also trying to block legislation that would make efficiency audits mandatory, a necessity according to the EU in order to ensure that targets are being met.

Joss Garman, a senior energy campaigner at Greenpeace, said that “these documents are proof that (Ed) Davey has caved in to fossil fuel industry lobbyists fighting to increase our dependence on burning imported and polluting gas to generate power.”

“With rocketing gas prices hitting families' energy bills and the wider economy, now is exactly the time ministers should be backing clean energy to provide secure power at stable prices. This is a government that has a too cosy relationship with powerful special interests – and Britain's bill payers will pick up the tab.”

By. Charles Kennedy of Oilprice.com

For the latest oil prices visit our homepage.




Back to homepage


Leave a comment
  • Mel Tisdale on June 09 2012 said:
    One can only guess that Eton, the public school (for 'public', read 'private' - it’s the way we in the U.K. do things) a large number of the elite that now govern the U.K. obviously doesn't teach science. Or if it does, the U.K. government doesn't care about its children and grandchildren. Neither do I care about their descendants. In fact I would be happy to see their exit from the gene pool. I just wish their disdain for doing what is so obviously necessary to protect the planet would not harm my children and grandchildren.

    As for their claim to be "the greenest government ever" we can now see that for what it was, a hollow election promise.

    Elsewhere we read that the U.K. government has signed a deal with Norway that commits it to burning fossil fuels for at least the next decade. What a good example to set. It is a pity that they don't seem to have heard of Thorium reactors. The Chinese have and are busy developing them. I suppose the U.K. will be buying them from China rather than develop the expertise in house. Just as long as the bankers get their bonuses who cares about technology? I mean, one gets ones hand dirty, doesn't one? Ugh!

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News