• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 15 minutes WTI @ 67.50, charts show $62.50 next
  • 12 hours The EU Loses The Principles On Which It Was Built
  • 3 hours Starvation, horror in Venezuela
  • 5 hours Saudi Fund Wants to Take Tesla Private?
  • 20 hours Crude Price going to $62.50
  • 7 hours Why hydrogen economics does not work
  • 4 hours Tesla Faces 3 Lawsuits Over “Funding Secured” Tweet
  • 4 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 2 days Anyone Worried About the Lira Dragging EVERYTHING Else Down?
  • 17 hours WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 1 day Chinese EV Startup Nio Files for $1.8 billion IPO
  • 2 days Oil prices---Tug of War: Sanctions vs. Trade War
  • 2 days Correlation does not equal causation, but they do tend to tango on occasion
  • 2 days Russia retaliate: Our Response to U.S. Sanctions Will Be Precise And Painful
Why Saudi Arabia Cut July Oil Production

Why Saudi Arabia Cut July Oil Production

Saudi Arabia’s oil production in…

U.S. Drillers Add Double Digit Oil, Gas Rigs

U.S. Drillers Add Double Digit Oil, Gas Rigs

Despite the correction in oil…

UK Plans to Install 20GW of Gas-Fired Power Stations by 2030

Ed Davey, the UK climate and energy secretary, recently told the government that he has approved plans to build twenty new natural gas fired power stations. He also insisted that this huge expansion in fossil fuel power plants will not harm investment in renewable energy, or the government’s plans to reduce carbon emissions.

“I strongly support more gas, just as I strongly support more renewable energy. We need a big expansion of renewable energy and of gas if we are to tackle our climate change challenges.”

“People who see the UK's energy future as a competition between renewable and gas are misreading the next phase.”

Davey will announce his new energy strategy this autumn, including the large role that gas will play. It is expected to involve the investment of hundreds of billions of pounds in new electricity generation installations. He has already admitted that the government plans to develop 20GW of gas-powered electricity generation between now and 2030.

Environmentalists are worried that a dash for gas would make any carbon reduction targets impossible to achieve. Joss Garman, the political director of Greenpeace, said that “green-lighting a whole fleet of new fossil fuel power stations would cause a huge jump in emissions and blow this autumn's once-in-a-generation opportunity to replace dirty power stations with clean ones.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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