Rising energy prices are killing British industry: UK steel collapse ‘inevitable’ due to Net Zero
March 10, 2021
By Paul Homewood
While the immediate cause of the present crisis is the collapse of financial partner of the Gupta empire, GFG Alliance, which bought Liberty, the underlying and fundamental cause is the uncompetitiveness of all heavy industry in the UK, and for this government is itself largely to blame.
GWPF has long predicted that Britain’s unilateral climate policies were making it all but impossible to operate heavy industry the UK.
In 2016 we wrote:
As an energy-intensive manufacturer of internationally traded commodities, the steel sector is particularly sensitive to energy costs. It is the first to feel the pain of the UK’s climate policies, but it will not be the last. [Steel] and the energy-intensive sector more broadly can be regarded as a miner’s canary, giving early warning of general economic damage as the costs of climate policies are passed through from energy to all other sectors of the economy.â€
https://notalotofpeopleknowthat.wordpress.com/2021/03/10/rising-energy-prices-are-killing-british-industry-uk-steel-collapse-inevitable-due-to-net-zero/
