Whats going on in the UK and around the world
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Recently the UK Government halted the moratorium on Hydraulic fracturing, or fracking. leading to questions To Frack or not to Frack. Fracking is a technique for recovering gas and oil from shale rock. It involves drilling into the earth and directing a high-pressure mixture of water, sand and chemicals at a rock layer in order to release the gas inside. The injection of fluid at high pressure into the rock can cause earth tremors - small movements in the earth's surface.
The problems with fracking is that the gas is hard to extract. The total amount of gas produced by Cuadrilla from Lancashire could be enough to provide heating and water to 508 3-bed semi-detached houses for 18 days. According to experts, this will do nothing to ease energy prices this winter, however, since it would take many years for an industry to develop and it remains unclear whether a significant amount of gas could be extracted, however it is being seen as part of a new domestic energy security push.
Produced by Philip M Russell
Ltd
With the 2022 UN general assembly taking place this week, we thought it would be good to go through the Five burning climate issues that was identified by the Secretary-general António Guterres
These five burning climate issues are;
5. Curbing windfall profits from fossil fuel companies
4. Championing more clean energy and the green transition
3. Funding for the world’s most climate-vulnerable countries
2. Keeping global warming below 1.5C
1. Creating a legal obligation for countries to protect there own people from climate harm
Produced by Philip M Russell
Ltd
With the Death of late Queen Elizabeth II, King Charles III is the new king of Great Britain and Northern Ireland. The Late Queen left a quite a Green Legacy, She was quite frugal and kept a simple diet of local produce and meat that had low food miles. Last year, she expressed her irritation with climate change inaction ahead of the COP 26 conference. unlike the late Queen, King Charles III, As Prince, was well known for his views on climate change, and for many years before this was popular and a thing, he was beating the drum about this.
But will he continue the Late Queen's environmental legacy, as well has his own passion for environmentalism and be known as Charles the Green.
Breaking: King Charles III has asked for the Queen’s Green Canopy initiative to be extended into the spring of next year to allow people to turn it into a memorial for his mother. Produced by Philip M Russell
Ltd
We would like to Congratulate @GrahamStuartMP who has been appointed Minister for Climate In Liz Truss's New Government, But the same old Climate challenges and targets still remain.
So we thought about going through what he should be focusing on and what his priorities should be for the next few years.
The list is quite a long one, but a lot of things are already set in motion, such as 7,000 hectares of new trees are being planted each year, but the problem for Graham Stuart MP is finding places to put these trees for example
Produced by Philip M Russell
Ltd
Last Friday Ofgem (the UK energy regulator) Announced the increase the energy price cap of both Gas and Electricity from 7p to 15p and 28p to 52p respectfully on a Standard variable tariff and the Daily standing charges of both types of energy are increasing by 1p
This is the MAXIMUM an Energy company can charge on a Standard variable tariff. But the energy price cap for other tariff are being changed as well (So consult your bill from your energy company to see what tariff you are on!)
This is for numerous reasons such as the Wholesale Gas and Energy costs, infrastructure and maintenances cost of the Gas and Electricity Network.
Unfortunately the regulator cannot make the Energy company 'Not' earn a profit and such they can charge additional rates inside your bill making it look like it goes up!
A number that keeps running around is that your Energy bill will go up to £3,548.84 per year, However that figure is based on a 3 bedroom house that consumes 12,000 kWh of gas, and 2,900 kWh of electricity annually. Remember that this is an average not what your bill will go up to!
Produced by Philip M Russell
Ltd