A fresh report by the Institute for Economic Affairs shreds Ed Miliband\u2019s net zero plans. It argues that not drilling in the North Sea alongside Labour\u2019s punitive windfall tax will actually drive up carbon emissions\u2026<\/p>\n
The report \u2013 authored by energy expert Kathryn Porter \u2013 points to the fact that sourcing energy from overseas creates 50% more carbon emissions than if it had been sourced at home according to the Climate Change Committee. It also predicts that the UK will still need around 168 million barrels of oil in 2050 as Britain would still need it for plastics, medicine and fertilisers. And that\u2019s the year Miliband wants to hit net zero\u2026<\/p>\n
The Tories have backed the report, with Shadow Energy Secretary Claire Coutinho saying:<\/p>\n
\u201cWe are going to need oil and gas for decades and as much of it as possible should come from Britain. It makes no sense that Labour is choosing to shut down the North Sea and put tens of thousands of jobs at risk just to make us more dependent on foreign imports with higher emissions.\u201d<\/p>\n
Read the report in full below:\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"A fresh report by the Institute for Economic Affairs shreds Ed Miliband\u2019s net zero plans. It argues that…\n","protected":false},"author":2,"featured_media":432287,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,1912,56,54,55],"class_list":["post-432286","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-net-zero","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/432286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=432286"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/432286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/432287"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=432286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=432286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=432286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}