Simon Oldridge Profile picture
Mar 18 8 tweets 4 min read
The UK Gov pays fossil fuel companies a £914,000 tax rebate for every £1 million they invest - but only for new oil and gas projects, not for new renewables. Yes you read that right..!
A short🧵

gov.uk/government/pub…
2/ Yet we know that 60% of existing reserves must stay in the ground for even a measly 50% chance of limiting heating to 1.5°C.

nature.com/articles/s4158…
3/ What’s so frustrating is that a 100% energy system is feasible now. It will save us a huge amount on energy costs, and pay back fast.

UK has huge wave, tidal, and wind resources and could become leader, creating lots of good jobs.

thehill.com/opinion/energy…
4/ The Stanford study is not isolated. There’s a strong consensus in independent studies that a 100% renewables power system is feasible and cost effective.

We don’t have time to waste - politicians must catch up and stop listening to oil companies.

brookes.ac.uk/About-Brookes/…
6/ If it’s so obvious, why aren’t governments going all out for this?

1) ‘Barriers to entry’. The fossil fuel cos are wealthy beyond imagination. They donate to politicians & are embedded in gov and even at COP.

2) Lack of long term thinking

3) inertia

opendemocracy.net/en/dark-money-…
7/ There are undoubtably challenges, including resource availability.

That’s why we should invest now in energy efficiency. @CREDS_UK have modelled how UK can cut energy >50% without impacting quality of life - actually making it better!

low-energy.creds.ac.uk
8/ UK is setting terrible example globally by encouraging new fossil fuels against all the science advice.

Incredibly their OWN projections show UK missing key targets by a mile.

Where is the reporting on this? We have to act now whilst there’s still time to change course. Image
9/ Instead let’s lead the way to a better future. Let’s make a legally-binding obligation to cut emissions in line with 1.5°C and restore nature - and take responsibility for our global footprint.

Please support the #CEBill & follow @cebill_now

zerohour.uk/take-action/

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Simon Oldridge

Simon Oldridge Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @SiOldridge

Jan 2
As UK struggles with soaring energy prices and the threat of blackouts, fossil fuel lobbyists are working overtime to blame net zero. The truth is we're suffering from too little 'net zero'.
Aside from Ukraine, here are 8 real reasons, with graphics:🧵...
eciu.net/insights/2022/…
1. Oil companies cut investment in 2015 following a price collapse - limiting supply to prop up prices.
ogj.com/general-intere…
2. The UK is rightly phasing out coal power which takes a terrible toll on nature and human health. And our ageing nuclear power stations are being closed. But Government hasn’t acted to replace this lost capacity. Too busy with Brexit?
gov.uk/government/sta…
Read 13 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(