Faisal Islam Profile picture
Mar 25 5 tweets 2 min read
#Newsnight tonight…

At the mo we lead on Russia’s military publicly announcing what appears a major strategic shift, concentrating on Donbass in east & suggesting didn’t plan to enter major Ukrainian cities…

Regrouping or retreat? - with Mark, voices from Moscow, Kyiv, & here
… in itself interesting that this change in strategy is publicly announced by Russian generals in briefing with maps, at precisely the moment US President is near Ukraine’s border, after NATO/US/EU show of unity… #Newsnight
Meanwhile UK defence briefing that Ukrainian’s retaking towns near Kyiv, and Pentagon that Russia is no longer in full control of Kherson, the first town it occupied, after fight back from Ukrainian army… #Newsnight
Meanwhile China’s state run oil giant Sinopec has halted talks over Russian oil with Novatek, over sanctions fears, reports Reuters - which could be a significant development… reuters.com/article/ukrain…
And then there’s this - mutinying Russian soldiers deliberately running over their own colonel, according to a western official:

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More from @faisalislam

Mar 25
Very interesting to hear the Transport Sec acknowledge to @MishalHusain that pump prices are still “crazy high” even after the fuel duty cut, but that might also be a reason to buy an electric car, for which monthly running costs should be lower …
… because one of the reasons to buy electric is no fuel duty etc. But if the long term direction of travel (eg Transport Sel Committee) is to replace fuel duty with road pricing, then that cost advantage of electric will not last.
… might not last versus the situation now. But it’s possible that this hypothetical future road pricing scheme will charge more for combustion engines than electric cars…

Anyway, this could be quite the issue at the next election.
Read 6 tweets
Mar 17
Extraordinary scenes at some UK ports - after P&O halted ferries to fire all crew and replace with a third party contractor… images circulating of what we are told are handcuff trained security with some wearing balaclavas taking British crew off, after they were fired on zoom…
P&O statement confirming what was in videos sent to us about the immediate firings “without these changes there is no future for p&o ferries”… follow @KatyAustinNews for more…
At some ports replacement crews were waiting on dock … but the unions have instructed crew to remain on board, and are not allowing access to the ships.

Difficult to see how this is resolved even if new crew get on to the ferries to retrain… very messy on key trade routes.
Read 4 tweets
Mar 16
NEW
Government’s own infrastructure advisers point to "slow progress" and risk of failing to deliver both levelling up and net zero goals, in National Infrastructure Commission annual review nic.org.uk/news/slow-prog…
urgent action is needed to avoid serious risks to delivering infra strategy, says NIC

- need for a comprehensive energy efficiency push
- local transport spending
- turbo charge the roll out of electric vehicle charging points, so 2030 petrol phaseout viable
Praise from NIC for establishment of UK Infrastructure Bank, gigabit broadband, renewables investment, rail strategy…

“But overall it has been a year of slow progress…” on decarbonisation and especially who will pay
Read 4 tweets
Mar 15
Three east European Prime ministers remarkably going to Kyiv as it has been under bombardment from Russia to meet President Zelensky to demonstrate EU- wide solidarity with Ukraine…
Oil and gas prices are down from extreme highs, but still very high, apparently on perception that peace talks are quietly progressing, of which the above meeting could be a part… oil just above $100 a barrel. Gas about 280p a therm…
interesting piece by PM …

Gentle lean in direction of more certainty for oil/gas producers but only in transition to net zero, & overwhelming way to reduce dependence on Russia is renewables - recasting net zero as not just green, but security priority.

No mention of fracking
Read 13 tweets
Mar 14
PM met with oil and gas producers…

big question is about how in transition to net 0, eg less dirty coal, there is a transition period of some years where we’re even more dependent on gas.

Tho small amount of Russian gas comes directly to UK, prices for that now incredible…
For example, the EU plan is to replace, this year, 50bcm of pipelined Russian gas, with LNG on tankers… thats about 500 tankers worth, for context, there was 6000 tanker loads delivered last year in total across whole world… problem is everyone is trying to do same.
In slightly less bad economic news though, the therm price of gas has come down, to still extremely high prices of 277p, but less terrifyingly…an average at this level still consistent with household rises in autumn as much as rises next month, but not quite up to say £3k on avg Image
Read 4 tweets
Mar 14
The Russian on the placard says…

“Stop the War.

Don’t believe the propaganda.

You are being lied to here…”

On Russia’s top channel, which was or is chaired by Putin’s spy chief Naryshkin..
… possibly the most useful deployment of GCSE Russian, since fending off some trolls on here while covering politics, securing an interview with Gazprom in 2008, and before that helping redirect a lost Bulgarian child on a ski slope in Borovets…
Translation of the journalists pre-protest video-message - she is half Ukrainian, and is ashamed of the propaganda/ war…

Read 4 tweets

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