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Stephen C Profile picture
@blowhound
Apr 23 • 3 tweets • 1 min read Twitter logo Read on Twitter
1/ Authoritarian regimes and financial giants with stakes in the #FossilFuel industry are among investors who would benefit from plans to use hydrogen to heat UK homes, which critics say could increase fuel poverty.

thenational.scot/news/23473877.…
"... shareholders in these gas firms include the Chinese and Qatari governments, an Australian bank nicknamed the “Vampire Kangaroo” for its tough pursuit of profit, and a New York private equity company whose managing director advised Donald Trump during his presidency."
3/ "Some critics have claimed the technology is being pushed by ‘vested interests’ who fear that their gas industry investments will become stranded assets if there is a widespread switch to heat pumps rather than hydrogen."

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More from @blowhound

Stephen C Profile picture
Apr 22
1/ Mr Hunt added: “(#Teesside) is best example in the country of how if you have people who care about how businesses flourish you can really transform an area that has in the past been left behind.”
2/
 northeastbylines.co.uk/teesworks-obli…
3/
 "Hunt also announces an extra £400m for “levelling up partnerships” in areas including Redcar and Cleveland and Rochdale."

theguardian.com/uk-news/2023/m…
Read 8 tweets
Stephen C Profile picture
Apr 21
1/ Do investment zones hold the key to unlocking the UK’s growth problem?

#InvestmentZones #Freeports

ukandeu.ac.uk/do-investment-…
2/ First, they were very underwhelming in terms of total job creation. The Treasury predicted that after five years they would have created 54,000 jobs. The actual figure was less than one third of this.
3/ Second, the majority of these jobs were in low skilled occupations. This isn’t necessarily a bad thing in itself. But they did not contribute to changing the make-up of a struggling economy – they brought in (a little) more of the same.
Read 4 tweets
Stephen C Profile picture
Oct 21, 2022
1/ I hope that this thread will highlight, in a very basic way, just some of the connections and interests between the IEA, Atlas, Cato, ExxonMobil, Charles Koch, Philip Morris, Chase Foundation, etc and their influence on the UK government over the last decade.
2/ The Atlas Network

The Atlas Network was founded by Antony Fisher in 1981. It is a non-profit organisation “supporting” over 450 free market and antiregulation organisations worldwide.
3/ Fisher also founded London’s Institute of Economic Affairs (IEA) in 1995 after working with Austrian economist Friedrich Hayek at the Mont Pelerin Society (founded by Hayek and where Charles Koch was also a member), hence Atlas’s close connection with UK politics.
Read 22 tweets

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