Posted on 11/07/2022 3:26:56 PM PST by Hojczyk
Britain's National Grid had previously said that Britain's ability to secure supply would depend upon its gas prices being high enough to attract exports from Europe and liquefied natural gas from countries such as Qatar and the United States.
Sunak on Monday at the COP27 climate change summit said the war should accelerate efforts to wean the world off fossil fuels.
British government officials are in talks with major American LNG suppliers about a deal to bolster energy imports, Sky News had previously reported.
Former British Prime Minister Liz Truss last month wrote an op-ed in the Times newspaper calling on Europe to keep energy exports flowing during the winter.
Wholesale gas prices have soared in recent months as economies reopen from COVID-19 lockdowns and high demand for liquefied natural gas in Asia pushed down supplies to Europe.
Around 12 British energy suppliers have already collapsed this year, affecting more than 2 million customers. (Reporting by Mrinmay Dey in Bengaluru Editing by Chris Reese and Josie Kao)
(Excerpt) Read more at marketscreener.com ...
“Around 12 British energy suppliers have already collapsed this year,”
_________
Self-inflicted.
Any deal will be temporary.
***what ‘MAJOR INTERVENTION” might that be?
5 Nov: Guardian UK: Cop27 host accuses countries of making empty public pledges
Egypt has expressed frustration at leaders making positive statements that are abandoned in negotiations
by Fiona Harvey in Sharm el-Sheikh
On Monday, at least 120 heads of state and government will gather for two days of intensive discussions, to thrash out positions that will be taken by their negotiators over the following two weeks of talks...
The US president Joe Biden will attend, though not for the leaders’ summit on the first two days, owing to the US midterm elections.
***He is expected to make a major intervention at about the midway point of the talks...
China’s president, Xi Jinping, is expected to stay away, as are Narendra Modi of India and Russia’s Vladimir Putin...
Developing countries have been promised $100bn a year would be provided from 2020, to help them cut emissions and adapt to the impacts of extreme weather, but that pledge has not yet been met.
“The $100bn is not going to come close to even a fraction of the sums needed, those numbers are in the trillions,” said Aboulmagd. “But it is a very important gesture of a symbolic nature, showing confidence and creating trust.”
He said fossil fuel companies would only be allowed to participate in key discussions at Cop27 if they could demonstrate that they were taking a lead in decarbonising...
https://www.theguardian.com/environment/2022/nov/04/cop27-host-accuses-countries-of-making-empty-public-pledges
This is racketeering on a massive scale.
How about we use our own gas for us instead of propping up countries that refuse to produce their own because of the spurious claim of “climate change”. We’ve already seen huge spikes in the prices of natural gas and claims of future shortages. We’re engaged in a stupid war in no small part because of these climate idiots. Any country that refuses to exploit their own resources should freeze in the dark, and that includes the US.
“...the war should accelerate efforts to wean the world off fossil fuels...”
Well, well, it finally comes out.
Sorry UK, No more drilling for 2 years. Moose out front should’ve told you.
As I understand it, US LNG exports are maxed out. Any additional LNG for UK will have to come at the expense of other customers. That means the US screwing other nations, who have contracts. This is not a good foreign policy move.
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