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Government Wants to Reclassify Natural Gas as 'green'

  • Publish Date: Posted 7 months ago
  • Author: Steve Walia

​Green groups have warned that the government is planning to classify natural gas as a clean and 'green' option for renewable investors so that pension funds and banks invest in projects to extract it from the North Sea.

 

Green campaigners have warned that extracting natural gas and then burning it greatly pushes up carbon dioxide emissions. However, the EU has already endorsed natural gas as a useful 'transitional fuel source'. It says that natural gas can be used to move away from oil and coal, which are more damaging to the environment, and towards genuinely clean energy sources.

 

Campaigners from energy groups have already been campaigning against the escalating cost of gas, electricity and fuel, with millions already choosing between eating and heating as the energy crisis shows no sign of abating.

 

Many have asked why Boris Johnson hasn't imposed an energy windfall tax on vast firms that have made huge profits. A huge degree of investment is required across the nation in renewables and energy efficiency, along with a clear move away from fossil fuels.

 

Shell, for example, had profits of £7 billion last year.

 

However, Energy Secretary, Kwasi Kwarteng has said that he will not affect the UK's energy security by closing down domestic gas and oil production, saying that both will be needed for years ahead. This, he says, must either come from the North Sea or be imported.

 

The IEA has said that no new gas or oil can be exploited in any part of the world if a catastrophic and irreversible degree of climate change is to be prevented. Most people believe that the best way to do this is to invest in energy-efficiency and by escalating plans to build new onshore and offshore wind and install other green technologies.