Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Sanctioned Indian Refiner Switches to Rail to Move Oil

October 10, 2025

Morgan Stanley Backs Corvus Energy to Decarbonize Maritime Sector

October 10, 2025

China Hits US Ships With Extra Port Fees as Trade Tensions Rise

October 10, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Labour will drop ‘unaffordable’ net zero policies, predicts Reform’s deputy leader | Environment
Climate Commitments

Labour will drop ‘unaffordable’ net zero policies, predicts Reform’s deputy leader | Environment

omc_adminBy omc_adminJune 15, 2025No Comments5 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


Labour will back down on its policies aimed at achieving net zero greenhouse gas emissions, the deputy leader of the Reform has predicted.

Richard Tice, the energy spokesperson for Reform and MP for Boston and Skegness, told the Guardian his party would withdraw from the 2015 Paris agreement that tries to limit global heating to 1.5C.

He also said Reform would end a five-year funding plan to help developing countries cope with the impact of climate breakdown.

“The idea that we can afford £10bn for climate aid is ridiculous,” he said. “We have plenty of problems ourselves that we rely on government to look after.”

Tice, who drives an electric car, said he believed Labour had “a growing anxiety that they have got it wrong on net zero. If energy bills do not come down, they will be in serious electoral trouble.”

He accused the government of trying to “bury” the costs of net zero in the latest spending review, and called the push for renewable energy “unaffordable” and “a colossal misjudgement”. He said: “That’s why we will see change, they will back down.”

Pointing to a Holyrood byelection last week, in which Labour won the seat with fewer than 1,500 votes more than Reform, he said: “That sends a very serious message to Labour that even where they used to be dominant in Scotland, there are very many people who will say Reform are the right party.”

But he did not expect Keir Starmer, the prime minister, to make a public U-turn on net zero. Rather, Labour would give way gradually, he predicted.

“I think they will delay, they will gradually wind down, they will push back the timing of targets and policies,” he said.

“They will be trying to find clever ways to walk back from their clean power targets [of decarbonising the electricity sector by 2030].”

Labour has come under pressure over its net zero plans from the Conservatives, sections of the media and from some unions. In April, former prime minister Tony Blair wrote that any strategy based on phasing out fossil fuels in the short term, or limiting consumption, was “doomed to fail”. There have also been unfriendly briefings from within government against Ed Miliband, the energy secretary.

But Starmer silenced internal critics of his policies with a landmark speech declaring he would go “all out” on climate action and “not wait, but accelerate” on net zero.

In this week’s spending review, the chancellor, Rachel Reeves, lavished more than £60bn on green efforts, including £13.2bn for home insulation, about £30bn for nuclear power and £15bn for public transport outside London. Miliband was one of the big winners in the review, as the budget for the Department for Energy Security and Net Zero ballooned by 16% a year, or 68% over the period of the review, to 2029.

skip past newsletter promotion

The planet’s most important stories. Get all the week’s environment news – the good, the bad and the essential

Privacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy. We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply.

after newsletter promotion

A government source said Tice’s attacks on net zero would not sway Starmer. “This is nonsense from Tice. We are doubling down on this agenda because it is the way to take back control of our energy, protect households and create jobs,” said the source. “As the prime minister recently said, it is in the DNA of this government. We will fight Reform’s anti-jobs, anti-growth, anti-energy security, ideological agenda, community by community, as we make the patriotic case for clean energy and climate action.”

Reform’s vows to move away from renewable energy would mean job losses and raise costs by increasing reliance on expensive fossil fuels, some experts have said. The New Economics Foundation found that 60,000 jobs in wind and solar energy would be lost under the party’s policies and the costs to the economy would reach about £92bn by 2030.

Energy experts pointed out that renewable power was cheaper than overreliance on fossil fuels. Jess Ralston, analyst at the Energy and Climate Intelligence Unit, said: “UK electricity is becoming more British and every bit of renewable power we get from solar reduces the amount of gas we need to import from abroad as the North Sea continues its inevitable decline. Campaigns against [renewables] leave the UK more vulnerable to geopolitical meddling of foreign actors like Putin.”

Reform has also pledged to reverse Labour’s ban on new drilling licences for oil and gas in the North Sea after Donald Trump, the US president, announced his backing for more North Sea fossil fuel production.

Ami McCarthy, the head of politics at Greenpeace UK, said: “While it might be entertaining to watch Richard Tice’s Tiny Trump impression, Reform’s energy policy is completely deluded. As we have seen before, Reform has no solution to the energy challenges we face. More drilling for volatile fossil fuels serves no one except the oil and gas bosses that have been profiting exponentially at the expense of bill payers. And putting a windfall tax on wind will only make our bills go up, not down.”



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Prince William to attend Cop30 UN climate summit in Brazil | Cop30

October 9, 2025

‘Humanitarian’ visa must be created for Pacific Islanders displaced by climate crisis, experts say | Pacific islands

October 9, 2025

National security threatened by climate crisis, UK intelligence chiefs due to warn | Environment

October 8, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20254 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

BP Starts Up 6th ‘Major’ Project of 2025

By omc_adminOctober 10, 2025

BP announced, in a statement posted on its website on Thursday, that it has started…

Egypt Asks LNG Shipments Be Delayed

October 10, 2025

Sable Offshore seeks Trump’s support to advance stalled California offshore oil project

October 9, 2025

Chevron set to drill Korikori-1 exploration well in Suriname’s Block 5

October 9, 2025
Top Trending

Morgan Stanley Backs Corvus Energy to Decarbonize Maritime Sector

By omc_adminOctober 10, 2025

Home Energy Storage Startup Base Power Raises $1 Billion

By omc_adminOctober 10, 2025

Prince William to attend Cop30 UN climate summit in Brazil | Cop30

By omc_adminOctober 9, 2025
Most Popular

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 20259 Views

Analysis: Reform-led councils threaten 6GW of solar and battery schemes across England

June 16, 20252 Views

Guest post: How ‘feedback loops’ and ‘non-linear thinking’ can inform climate policy

June 5, 20252 Views
Our Picks

China Hits US Ships With Extra Port Fees as Trade Tensions Rise

October 10, 2025

Aramco Raises Petro Rabigh Stake to 60 Percent

October 10, 2025

Naftogaz Secures Gas Loans from EIB, Oschadbank

October 10, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.