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

India Boosts LPG Output as Strait of Hormuz Disruptions Threaten Global Energy Supplies, ETEnergyworld

March 2, 2026

WTI Oil prices jump on fears Iran attack will lead disruption

March 1, 2026

OPEC+ Approves Modest Output Hike as Iran War Jolts Oil Markets

March 1, 2026
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

Winter getting shorter in 80% of major US cities, new data shows | US weather

February 27, 2026

Trump officials move to kill system that protects US from chemical disasters | US Environmental Protection Agency

February 27, 2026

US ‘bullying’ could scupper carbon levy on shipping, warn experts | Shipping emissions

February 26, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Federal Reserve cuts key rate for first time this year

September 17, 202513 Views

Inflation or jobs: Federal Reserve officials are divided over competing concerns

August 14, 20259 Views

Oil tanker rates to stay strong into 2026 as sanctions remove ships for hire – Oil & Gas 360

December 16, 20258 Views
Don't Miss

Oil tankers attacked near Strait of Hormuz as Iran conflict disrupts shipping

By omc_adminMarch 1, 2026

(Bloomberg) – Two tankers were attacked near the mouth of the Persian Gulf, increasing the…

OPEC+ to boost oil production 206,000 bpd as Iran conflict threatens supply

March 1, 2026

Oil prices forecast to jump despite Opec+ pledge to raise output

March 1, 2026

Oil markets on edge after Trump strike on Iran threatens Hormuz flows

March 1, 2026
Top Trending

ESG Today: Week in Review

By omc_adminMarch 1, 2026

Winter getting shorter in 80% of major US cities, new data shows | US weather

By omc_adminFebruary 27, 2026

Trump officials move to kill system that protects US from chemical disasters | US Environmental Protection Agency

By omc_adminFebruary 27, 2026
Most Popular

The 5 Best 65-Inch TVs of 2025

July 3, 202515 Views

AI’s Next Bottleneck Isn’t Just Chips — It’s the Power Grid: Goldman

November 14, 202514 Views

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

May 9, 202510 Views
Our Picks

PDVSA, African Energy Chamber sign MoU to boost oil and gas investment

March 1, 2026

Talos Losses Deepen | Rigzone

March 1, 2026

Tankers Halt Near Hormuz After Attacks

February 28, 2026

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
© 2026 oilmarketcap. Designed by oilmarketcap.

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