Saturday, June 25, 2011

A really, really inconvenient truth, as related by Lord Turnbull

Lord Turnbull doesn’t mince his words:
The feed-in tariff mechanism is fast becoming a scandal. Those lucky enough to own buildings large enough on which to install solar panels or enough land for a wind farm have been receiving 30-40p per kwh, for electricity, which is retailed at only 11p. The loss is paid for by a levy on businesses and households. It is astonishing that the Liberals who attach such importance to fairness turn a blind eye to this transfer from poor to rich running to £billions a year. If you live in a council tower block in Lambeth you don’t have much opportunity to get your nose into this trough.
and:
It is regrettable that the UK Parliament has proved so trusting and uncritical of the IPCC narrative, and so reluctant to question the economic costs being imposed in pursuit of decarbonisation. It verges on the unconstitutional that the payments being made under the renewables obligation and feed-in tariffs and the levies being raised to pay for them are routed invisibly through the accounts of the electricity industry rather than being voted in Estimates or the Finance Bill. I am also disappointed that so many of my former colleagues in the Civil Service seem so ready to go along unquestioningly with the consensus.”
Get the full report here.