The common thread there is to tax people more (or borrow) to the...

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mudguts

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17/09/21

09:02

Post #: 56137328
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Originally posted by birdman29 ↑

Fri 17 Sep 2021 03.49 AEST

Fears for UK recovery as record energy prices shut fertiliser plants
Steelmakers warn of unprofitability and an extra half a million homes face falling into fuel poverty

Record energy prices have forced two fertiliser plants in the north of England to shut down and brought steel plants to a halt, in some of the clearest signs that the energy crunch engulfing Europe could deal a blow to the UK’s economic recovery.
The US fertiliser maker CF Industries has halted production at its plants in Billingham in Teesside and Ince in Cheshire, which employ about 600 workers, because of rocketing gas prices, which have reached successive record highs across Europe in recent weeks.

Goldman Sachs, a major commodity trader, warned soaring prices would mean heavy industries across Europe running the risk of blackouts this winter, particularly if freezing temperatures drag into 2022 across Europe and in Asia.

The warning came as UK Steel, the industry’s trade body, said steelmakers were already forced to pause work during peak electricity demand hours due to market prices for power. The energy price shock has triggered calls for UK ministers to take urgent action to protect households and companies, while governments across Europe move ahead with rescue deals to help energy consumers to weather the coming winter. The boss of the energy supplier E.ON UK, Michael Lewis, used an interview with the Financial Times to call on the government to help hard-pressed households by moving the cost of supporting renewable energy subsidies from energy bills to general taxation. In Spain the government plans to claw back €3bn (£2.6bn) from energy generator profits, and put in place tax breaks for consumers, in order to stem the economic contagion of runaway energy prices. The French government is considering plans for direct subsidies for energy payments and Greece has amassed a €150m rescue fund to cut all consumer bills.

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The common thread there is to tax people more (or borrow) to the pay the consumer a benefit so thta they can pay the green energy producers??????

What sort of circular logic is that??

How about build a number of nuclear power plants & forgo that idiocity.

Stable, clean, safest, no C02 power for generations....maybe by then a new power source will emerge that can maintian the modern lifestyle.
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