‘It is time our energy infrastructure was brought back into public ownership,’ Unite general secretary says
CAMPAIGNERS intensified their demands for energy infrastructure to be brought back into full public ownership today after the National Grid posted a 14 per cent increase in underlying profits.
The firm, which builds and runs power grids and cables across Britain, reported an underlying operating profit of £2.05 billion for the six months until September 30, surpassing £1.8bn in the same period last year.
The grid charges energy suppliers for network use. Costs are then passed on to consumers through their bills, which rose by another 10 per cent last month.
In 2023, National Grid shareholders received £1.6bn in dividends, while six million households remained trapped in fuel poverty amid skyrocketing costs.
Unite general secretary Sharon Graham said National Grid’s profits “lay bare” Britain’s broken energy system.
She said: “Energy profiteers like National Grid are extracting cash for overseas shareholders through ever more expensive bills.
“It is time our energy infrastructure was brought back into public ownership so that the British people and economy benefit rather than foreign wealth funds.”
The new leader of the opposition has regularly criticised the UK’s green ambitions.
The Conservative Party has elected Kemi Badenoch as its new leader, who describes herself as a “net zero sceptic” and has received funding from the head of a climate science denial campaign.
Badenoch was announced as the winner of the Tory leadership contest on Saturday, beating her rival Robert Jenrick by 56 percent to 44 percent.
The former business and trade secretary campaigned for leader as a straight-talking conservative who would tackle the “woke” left.
But as DeSmog has reported, Badenoch has also repeatedly suggested that the UK’s net zero targets would “bankrupt the country”, has boasted of standing up to “the green lobby” while in government, and has called Labour’s ban on new North Sea oil and gas licences “foolish”.
Badenoch has also received money and office space from Neil Record, the chair of the climate denial group Net Zero Watch (NZW), and produced a leadership manifesto which attacked the “radical environmental policies” previously introduced by the Conservative Party.
Net Zero Sceptic
Making her pitch to Conservative MPs at the party’s annual conference on 2 October, Badenoch described herself as a “net zero sceptic” but “not a climate change sceptic”.
Badenoch said in 2022 that the UK’s 2050 legally-binding target for achieving net zero emissions was “arbitrary” and last year suggested she would support delaying it.
In her Conservative conference speech, Badenoch said that net zero is “making energy more expensive and hurting our economy”, a claim which the International Energy Agency, a leading authority on energy policy, says is false.
Badenoch did not confirm in her speech that she would delay or scrap the UK’s net zero targets but said, “I did not become an MP to deliver an agenda set by Ed Miliband”, who currently serves as the secretary of state for energy security and net zero.
She has repeatedly said that she wants to reduce emissions but not in a way that would “bankrupt” the country.
The Climate Change Committee, which advises the government on its net zero policies, has estimated that the cost of achieving net zero will be less than one percent of UK GDP.
The government independent spending watchdog – the Office for Budget Responsibility (OBR) – has said that, “the costs of failing to get climate change under control would be much larger than those of bringing emissions down to net zero”.
Badenoch claimed during the Tory leadership campaign that, while serving as business secretary, she “had to work hard to push back against the green lobby”, and condemned Labour’s “foolish decision to ban new licences for North Sea oil production” as part of its “fanatical approach to net zero”.
As DeSmog revealed, during the leadership contest Badenoch published a 40-page manifesto which cited the Committee to Unleash Prosperity, a U.S. group led by former advisors to Donald Trump, which has likened climate science to believing the earth is flat.
Badenoch used evidence produced by the Committee to Unleash Prosperity to claim that net zero policies are only supported by high-earning graduates living in cities.
Badenoch’s document, titled ‘Conservatism in Crisis: Rise of the Bureaucratic Class’, attacked what it called “radical environmental politics” – such as the ban on the sale of new petrol and diesel cars introduced by the previous Tory government – and praised fracking, the controversial method adopted in the U.S. to extract more oil and gas.
Scientists at the Intergovernmental Panel on Climate Change (IPCC), the world’s foremost climate science body, have said that without “immediate and deep emissions reductions across all sectors” limiting global heating to 1.5C is beyond reach.
Restricting global temperatures to this target, which was agreed as part of the 2015 Paris Agreement, would prevent the worst and most irreversible impacts of climate change.
Climate Denial Ally
In August, DeSmog revealed that Badenoch had received £10,000 towards her leadership campaign from Neil Record, a millionaire Tory donor and chair of Net Zero Watch (NZW), the campaign arm of the Global Warming Policy Foundation, the UK’s principal climate science denial group.
Bloomberg further revealed that Badenoch was running her leadership campaign out of Record’s London home.
NZW has called for “rapid” new North Sea oil and gas exploration, and for wind and solar power to be “wound down completely”.
Record – who is also lifetime president of the Institute of Economic Affairs (IEA), a think tank that received funding from oil giant BP every year from 1967 to at least 2018 – in July wrote that achieving net zero by 2050 “will restrict our freedom, and is likely to be eye-wateringly expensive”. Record has donated to both the IEA and GWPF.
The GWPF has claimed that carbon dioxide has been mischaracterised as pollution, when in fact it is a “benefit to the planet”. The group has been accused of spreading “daft conspiracy yarns” about net zero.
A resident tries to fight a wildfire burning on September 17, 2024 in Marco de Canaveses, Portugal. (Photo: Octavio Passos/Getty Images)
A new report contained “the bleakest news possible, especially with a climate denier U.S. president in office for the next four years,” said one climate scientist.
A day after U.S. voters elected climate-denying Republican Donald Trump in the presidential race, soon ushering in an administration that is sure to expand fossil fuel drilling, the European Union’s Earth observation agency announced that 2024 is “virtually certain” to be the hottest year on record and to hit a worrying temperature milestone.
The year is expected to be the first on record in which the temperature is more than 1.5°C hotter than before the Industrial Revolution, according to the Copernicus Climate Change Service (CCCS). The Paris climate agreement of 2015 urged countries to curb greenhouse gas emissions with the goal of limiting planetary heating to 1.5°C by the end of the century.
Over the past 12 months, said CCCS, global temperatures were 1.6°C warmer than the yearly average from 1850-1900.
“The average temperature anomaly for the rest of 2024 would have to drop to almost zero for 2024 to not be the warmest year,” said CCCS.
Last month was the second-hottest October ever recorded, with temperatures 1.65°C higher than preindustrial levels. It was the 15th month in the past 16 to be hotter than 1.5°C over preindustrial temperatures.
While a single year above the 1.5°C mark does not necessarily indicate that the Paris climate goal is out of reach, CCCS director Carlo Buontempo said the planet has “never had to cope with a climate as warm as the current one.”
“This inevitably pushes our ability to respond to extreme events—and adapt to a warmer world—to the absolute limit,” he told The Guardian.
Climate scientist Bill McGuire called the Copernicus report “the bleakest news possible, especially with a climate denier U.S. president in office for the next four years.”
Trump has pledged to expand fossil fuel extraction and do away with climate regulations introduced by the Biden administration, telling oil executives he would do so if they contributed $1 billion to his campaign in what was described as a quid pro quo.
The CCCS—which based its analysis on billions of measurements from satellites, ships, aircraft, and weather stations—noted in its report that October saw numerous extreme weather events tied to the warming planet. Heavy rains led to severe flash flooding in Spain, killing more than 200 people. Above average precipitation was also seen in Norway, France, China, southern Brazil, and parts of Australia, while Florida faced Hurricane Milton just two weeks after Hurricane Helene killed more than 230 people.
The World Meteorological Organization last week announced that carbon dioxide concentrations in the atmosphere are accumulating faster than at any other time in human history, rising more than 10% in the last two decades.
“The most effective solution to address the climate challenges is a global commitment on emissions,” Buontempo told The Guardian.
BBC journalist Navin Singh Khadka said on the news network that if the 1.5°C breach continues “in the long term, then we are warned there will be catastrophic consequences.”
Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards
The mega-rich are using private jets like taxis, warn climate scientists who tracked flights to calculate the planet-warming gases they release.
The scientists worked out that the carbon dioxide emissions, which contribute to climate change, rose by 46% between 2019 and 2023.
Researchers traced all private flights globally, including summer weekend trips to Ibiza, Spain and travel to the Fifa World Cup and the UN climate conference in Dubai.
Flying in a private jet for a single hour can release more carbon dioxide into the atmosphere than the average person produces in a year, according to the research team.
“There are a lot of people using these aircraft as taxis, where you cover whatever distance by aircraft simply because it’s more convenient,” Professor Stefan Gossling, from Sweden’s Linnaeus University, who led the research, said.
“If somebody’s flight emits in one hour as much as an average human being emits in a year – just to watch a soccer game – then perhaps it shows those people think they are outside the standards that we have as a global community.”
