No end to the manufactured climate hysteria as the oil industry is put in the spotlight once again, on the now usual pretext of net zero ‘carbon emissions’. How tinkering with the tiny 0.04% of the atmosphere belonging to carbon dioxide could make much difference to anything, is not considered relevant and is just presented as a fact, which is not correct.
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The UK and Scottish governments have been urged to set five-yearly targets for North Sea production cuts, using the coronavirus pandemic as an opportunity to “show global leadership” and “reshape” the industry for net zero, reports Energy Voice.
The Institute for Public Policy Research (IPPR) made several suggestions as to how ministers could take advantage of the Covid-19 crisis, which has already seen a drop in oil extraction.
But it said the UK Government must take responsibility for the “overwhelming majority of the costs of transition” – as Westminster has “received the overwhelming majority of oil and gas revenues”.