Last week the High Court ruled that the Governments climate action plan is unlawful. On several grounds they argued that the Government will not meet its net zero emission targets in a judicial review brought by environmental groups. This is despite the fact that the net zero target has never been put to a popular vote and many people consider it to be both unnecessary and unachievable.
The Government will need to amend its plans.
As a shareholder in oil/gas companies I object very strongly to the law interfering in the sensible policies of companies who are already making strenuous efforts to control emissions. But in reality we need oil/gas production for many years to come otherwise we will all be impoverished for no good reason.
More info: https://www.ft.com/content/f57e608b-f230-44c9-97f8-44c5c60f3ccb
Roger Lawson (Twitter: https://twitter.com/RogerWLawson )
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