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Donald Trump Criticizes UK’s Windfall Tax and Wind Energy Policy


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Posted
3 hours ago, Social Media said:

The energy profits levy, introduced as a response to surging energy prices following Russia's invasion of Ukraine, was raised to 38% in October by UK Chancellor Rachel Reeves. This marked an increase from the original 25% introduced by Rishi Sunak in 2022.  

An increase in tax on energy at the same time as removing pensioners' winter fuel allowance!

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Posted

Yet another example of greenwashing by the demented extreme Leftists.

 

People just don't understand that THEY, themselves, are the carbon that has to be neutralised, according to the Leftists' bible that is Agenda 2030.

 

Oil and gas extraction must be done responsibly.

 

No drilling in protected wildlife refuge areas.

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Posted
30 minutes ago, JonnyF said:

 

Not since August. Has much changed for the better since then?

 

 

Lots of well paid civil service positions, paid for by the taxpayer. 

 

Meanwhile, increased energy prices for the taxpayer. Despite the majority of pensioners cruelly having their fuel allowance removed by Starmer's nasty party. 

Do you have a link to this majority you refer to?

 

Something that demonstrates ‘a majority’ will do.

 

We can then examine what’s actually going on

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Posted
19 minutes ago, Woke to Sounds of Horking said:

Yet another example of greenwashing by the demented extreme Leftists.

 

People just don't understand that THEY, themselves, are the carbon that has to be neutralised, according to the Leftists' bible that is Agenda 2030.

 

Oil and gas extraction must be done responsibly.

 

No drilling in protected wildlife refuge areas.

Net Zero was also a policy of the last Tory Government although they did cave to the fossil fuel industry, particularly on the matter of ‘windfall taxes’, choosing instead to subsidize fossil fuel profits with tax payer handouts.

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Posted
1 hour ago, JonnyF said:

 

He is entitled to voice an opinion like any other private citizen.

 

He's correct as well, the UK's mad obsession with net zero is making everyone poorer and reducing their quality of life. 

China doesnt have net zero. Their shills here never mention that.

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Posted
9 minutes ago, Chomper Higgot said:

Precisely, increasing production of N.Sea oil and gas does not reduce the price of energy to UK consumers.

 

The price consumers pay is dictated by the global oil and gas market prices.

 

It would however increase the profits of the oil and gas companies operating in the N.Sea.

 

 

Cool. I have stock.

Posted
4 minutes ago, Yagoda said:

China doesnt have net zero. Their shills here never mention that.

 

Exactly.

 

And all the doomsday cultists support buying Chinese EV's from the PRC. It seems pollution is fine as long as it doesn't come from the UK. 

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Posted
3 hours ago, Jingthing said:

How is this any of private citizen Donald Trump's business anyway? 

 

Leftist American billionaires would never interfere.

 

image.png.82ab4887966eaa2cd46cbd253b411bef.png

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Posted
22 minutes ago, JonnyF said:

Oh the winter fuel payments still exist, it’s just that they are now tied to means tested benefits so pensioners below the means tested threshold still get the payments, those on higher incomes, like the millions in receipt of work place pensions don’t get a winter fuel payment because they don’t need it.

 

 

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Posted
1 minute ago, Chomper Higgot said:

Oh the winter fuel payments still exist, it’s just that they are now tied to means tested benefits so pensioners below the means tested threshold still get the payments, those on higher incomes, like the millions in receipt of work place pensions don’t get a winter fuel payment because they don’t need it.

 

 

 

Someone on 13,000 pounds a year doesn't need it. 😆

 

I presume you haven't been there lately. Or perhaps viewed it from your ivory tower in Islington? 

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Posted
12 minutes ago, JonnyF said:

 

Someone on 13,000 pounds a year doesn't need it. 😆

 

I presume you haven't been there lately. Or perhaps viewed it from your ivory tower in Islington? 

Ouch. We have a posh one here then? One of those public school "not quite our crowd ducky" types?

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Posted

Sabre rattling at its finest.

Apache operates Forties and Beryl, both fields which have been in production since the 70s; the fields are massively depleted and the very out of date infrastructure requires increasing amounts of maintenance. 

 

Back In the 90s I worked for a company which held a 0.15% stake in Forties. Being young and naïve, I could not understand why we would bother with such a small shareholding in such a minor producer, given the administrative and regulatory costs of doing so. I discussed it with one of the senior analysts and he explained to me that it was used as a write-off location for expenditure carried out on other facilities, because the Forties, being so old, gave massive tax benefits to its owners. It has been operating as a tax sink for decades. 

 

Interestingly. Apache's own website says this: "During the second quarter of 2023, as part of the Company’s focus on capital allocation to optimize investment returns, it suspended all new drilling activity in the North Sea. The Company’s investment program there is now directed toward safety, base production management, and asset maintenance and integrity."

 

So that means no infill drilling and no reserves replacement - just produce as is until it can produce no more. I guess it has reached that point already. 

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Posted
3 hours ago, JonnyF said:

 

Someone on 13,000 pounds a year doesn't need it. 😆

 

I presume you haven't been there lately. Or perhaps viewed it from your ivory tower in Islington? 

I’m frequently in the UK, spent much of the past four years there, it’s always a pleasure to visit. I like the place.

 

I don’t recall ever going to Islington.

 

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