The Environment Thread :-)
58 watchers
Jul 2022
6:45pm, 20 Jul 2022
5,108 posts
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run free
There is no food waste Cos eating ain't a race Oil & gravy are mopped up with bread To avoid the oily dish water dread Crumbs are scrapped off the plate Which the birds think is great The coffee grounds must be put in a pot To be tossed into the compost to rot This keeps my dishes easy to clean (and lots of nagging cos I am keen) |
Jul 2022
8:25pm, 20 Jul 2022
91,287 posts
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Hanneke
Haha! Yup! Thankfully, the cat helps too: she loves licking out my desert bowls etc, so much easier to clean.😎 |
Jul 2022
1:14pm, 28 Jul 2022
17,759 posts
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rf_fozzy
So, given the massive profits from the upstream O&G industry being announced, can we now tax them properly? Can't remember who was defending the O&G tax breaks a while back? They look indefensible to me in the current climate... |
Jul 2022
1:19pm, 28 Jul 2022
43,107 posts
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HappyG(rrr)
Probably JRitchie (sorry if it wasn't!) as I think he works in or in a related industry to the O n G business. Feels like Labour's windfall tax idea is entirely justified now?  G
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Jul 2022
2:12pm, 28 Jul 2022
3,261 posts
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JRitchie
UK oil and gas production is now taxed at 65% of its profits. (That's an increase of 62%). I was not defending tax breaks - I was not criticising tax breaks but criticising the term. Giving relief to an oil company for business expenditure, in same way that every other company in the country is given the same relief, isn't a tax break. If you want to pluck a number out of the air as the cost of the health service and the environmental policy contributed from FF and call that a subsidy then fine. But please lets add the same for the farming industry and the food industry more generally, and the environmental cost of the renewables supply chain. While we are at it the entire education budget is a subsidy to bringing up kids, which is of course a drain on the earth's resources as well. I'm fully behind energy transition and trying to do my bit, but I would rather it was done against a backdrop of transparency. |
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Jul 2022
2:48pm, 28 Jul 2022
5,114 posts
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run free
Trying not to get into politics on this thread, but our world is complex and often information is simplified. On another item, France businesses subsidise public transport centreforcities.org |
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Jul 2022
2:59pm, 28 Jul 2022
17,762 posts
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rf_fozzy
That's the "headline" of what they pay. What they actually pay is often quite different: theguardian.com If they said instead, we are going to put 100% of our profits after we've paid a bit to shareholders into Rewnewables and build x amount of solar and y amount of wind and give z amount to householderst for insulation etc, then I'd be more sympathetic to industry. But given their glacial progress on transitioning, talks of "gas bridges" and nuclear unicorns and general complete footdragging after years of paying PR companies and dodgy experts to sow disinformation on climate change ( bbc.co.uk ), they not only need to pay a social cost for treating the atmosphere as a sewer, but also damages for lying about the damage they were causing. They should pay significantly more tax than other companies! |
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Jul 2022
2:59pm, 28 Jul 2022
17,763 posts
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rf_fozzy
(replying to JRitchie)
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Jul 2022
3:05pm, 28 Jul 2022
17,764 posts
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rf_fozzy
RF - you can't avoid the politics. The politics is crucial if we are to try and stave off the total society ending disaster climate change (sadly severe damage already baked in). Re: subsidies for local public transport. Yes. It should be practically free. And it should be uniform in more places - i.e. I should be able to get on a bus from my house and use a version of an oyster card to travel via a train/tram/bus etc to somewhere else with only one tap. And it should be cheap to do so. And that's how a TfN should operate. Newcastle/Sunderland/Gateshead/Durham/Hull/York/West & South Yorkshire/Greater Manchester/Merseyside and perhaps even Nottingham/Derby should all get together and say we are all going into this - all Local authorities. All the bus companies (a joke in itself), rail companies, tram operators etc should all be forced to use the same system across the whole of the North of England. Make it easy and cheap to use. And tax the O&G industry to death to pay for it.
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Jul 2022
4:41pm, 28 Jul 2022
3,263 posts
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JRitchie
Fozzy - why do oil and gas companies not pay tax for the past three years ? 1. Have you checked what what the price of oil was in 2020 ? it was a low of $20 and an average of $40. Russia invaded in February 2022 and the spike happened following that. 2. The North Sea is an old oil and gas basin. It's production is declining and platforms are getting closed down. UK government do not give tax relief on the decommissioning cost (which are huge) until it is actually spent, even though the costs of decommissioning has been accrued in arriving at profits of earlier years when production flowed from the oilfields. That is timing but that if fair because the decommissioning of all plant be if a windfarm or a piece of machinery is tax deductible. 3. The North Sea if the most profitable parts of the world because of tax breaks. This is rubbish. The UK continues to be one of the most expensive part of the world to produce oil and even to find oil. Here is a link to 2016 which shows where we were even 6 years ago marginal production costs was more than the 2020 external retain price. The guardian spins facts as much to paint the picture wants to show as the Mail does for the other side of the argument. graphics.wsj.com |
Useful Links
FE accepts no responsibility for external links. Or anything, really.- why Kodak completely missed the boat when it came to digital cameras
- rf_fozzy: This is quite a good article about how disruptive technology work
- run free's Grand Designs example Ben Laws is a man who built his dream
- Carbon Commentary carboncommentary.com
- UK ombudsman for problems with electricity or gas
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