• 1 day PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 1 day Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 1 day Syrian Rebels Relinquish Control Of Major Gas Field
  • 1 day Schlumberger Warns Of Moderating Investment In North America
  • 1 day Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 1 day Energy Regulators Look To Guard Grid From Cyberattacks
  • 1 day Mexico Says OPEC Has Not Approached It For Deal Extension
  • 1 day New Video Game Targets Oil Infrastructure
  • 2 days Shell Restarts Bonny Light Exports
  • 2 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 2 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 2 days British Utility Companies Brace For Major Reforms
  • 2 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 2 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 2 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 2 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 3 days Kinder Morgan Warns About Trans Mountain Delays
  • 3 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 3 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 3 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 4 days Exxon Starts Production At New Refinery In Texas
  • 4 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 4 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 4 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 4 days China To Take 5% Of Rosneft’s Output In New Deal
  • 4 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 5 days Enbridge Pipeline Expansion Finally Approved
  • 5 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 days OPEC Oil Deal Compliance Falls To 86%
  • 5 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 5 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 5 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 6 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 6 days Aramco Says No Plans To Shelve IPO
What’s Stopping An Oil Price Rally?

What’s Stopping An Oil Price Rally?

Oil prices rallied in Q3…

Big Oil Refuses To Give Up On The Barents Sea

Big Oil Refuses To Give Up On The Barents Sea

Despite failures in the Barents…

British Treasury Bias Against the Green Sector Continues

British Treasury Bias Against the Green Sector Continues

David Cameron, the British Prime Minister, has already been asked to intervene in a continuing row between the Energy Secretary, Ed Davey, and the Chancellor of the Exchequer, George Osborne, about the Treasury’s attitude to environmental policies. The Treasury maintains that it holds no grudge against climate policies and considers all different policy options equally. However new evidence shows the extent of the Treasury’s bias towards fossil fuels.

Data released on the Treasury’s own website shows that they have had 7 times as many meetings with oil and gas companies, than they have with green sector representatives. Since the coalition government took power in May 2010 the Treasury has held 17 meetings with green campaign groups or clean energy lobbyists; a pitiful figure in comparison to the 119 meetings with representatives from fossil fuel and energy companies; airports and airlines; and the motoring lobby and car manufacturers. Shell was even granted 12 meetings on its own, and Centrica, a gas and electricity company, was privileged to have 6 private meetings.

George Osborne has never met a single representative from the green sector, yet has had eight separate meetings with oil companies, including individual discussions with Centrica, Exxon, Total and the offshore drilling trade group Oil and Gas UK.

Tim Yeo, the Conservative chair of the Commons energy and climate change select committee, said “the Treasury has never been signed up to the green agenda, but this has got much more serious in the past year. Their interventions on the energy bill, and clear interference over (renewable energy subsidies) ROCs have shown this – it all adds up to a clear sign that they are not supportive of progress on the low-carbon energy sector.”

Many worry that the Treasury’s attempts to undermine the clean energy sector could derail the government’s plans to reform the energy sector.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Mel Tisdale on July 27 2012 said:
    George Osbourne is one the Old Etonian 'born to rule' brigade who has never done a decent day's work in his life that currently run the U.K.

    He probably thinks his inherited wealth, i.e. wealth that he has not earned, will be able to buy him and his family some sanctuary from global warming and we proles will just have to cope as best we can. Bah! A plague on all their houses. If that is the case, he had better stop listening to that ace Denialati member, Nigel Lawson, and do some research into the subject, if not for his country, then at least for his family. He could try skepticalscience.com. If that site doesn’t wake him up to reality, then I guess he is a lost cause and PM Cameron had best get rid of him at the next reshuffle – fellow Old Etonian not withstanding.

Leave a comment

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