In this episode, Michael Taylor and William Clouston discuss the Conservative Party’s sudden change of direction on the environment.
The Prime Minister’s proposal to grant over one hundred new oil and gas licences for the North Sea is sensible for economic and environmental reasons.
But has it been thought through, or is it simply a knee-jerk reaction to public concern over the economic impacts of net zero targets, as expressed in the recent by-elections?
William and Michael discuss the challenges that would confront new drilling proposals due to ESG (Environmental, Social and Governance) regulations and consider whether nationalisation could be the solution.
