Conservatives Pledge To Axe Carbon Taxes As UK Industry Faces Soaring Energy Costs
As utility costs rise, Sir Jim Ratcliffe backs plan to scrap net zero levies to help lower bills.
by Matt Oliver April 02, 2026, 1:44 PM
Sir Jim Ratcliffe has backed Conservative plans to scrap net zero taxes in a move that would slash energy bills for households and businesses. [some emphasis, links added]
The billionaire founder of petrochemicals giant Ineos said he welcomed plans by the Conservative Party to completely scrap levies on carbon emissions if it wins the next election.
Sir Jim said he was in favour of policies that would “keep the lights on” and make energy affordable and green “in a way that is practical and sustainable”.
He previously warned that carbon taxes were hurting European industry because they made domestic products far more expensive than those coming from countries such as China.
https://climatechangedispatch.com/conservatives-axe-carbon-taxes-uk-industry-costs/
