{"id":297887,"date":"2024-01-22T15:34:29","date_gmt":"2024-01-22T14:34:29","guid":{"rendered":"https:\/\/climatescience.press\/?p=297887"},"modified":"2024-01-22T15:34:32","modified_gmt":"2024-01-22T14:34:32","slug":"net-zero-jobs-british-government-offers-500-million-green-funding-for-2500-job-losses","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=297887","title":{"rendered":"Net Zero Jobs? British Government Offers \u00a3500 Million Green Funding for 2500 Job Losses"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

Watts Up With That?<\/a><\/p>\n\n\n\n

Essay by Eric Worrall<\/strong><\/p>\n\n\n\n

Green economic absurdity at its finest.<\/p>\n\n\n\n

\n

ANDREW NEIL: Port Talbot has been sacrificed to the altar of Net Zero \u2013 which is why Labour\u2019s crocodile tears are hard to stomach<\/strong><\/p>\n\n\n\n

By ANDREW NEIL, DAILY MAIL<\/a><\/p>\n\n\n\n

PUBLISHED:<\/strong> 09:00 AEDT, 20 January 2024 | UPDATED:<\/strong> 21:34 AEDT, 20 January 2024<\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

Port Talbot is the latest victim of the Tory<\/a> Government\u2019s headlong rush towards Net Zero carbon emissions which has pushed up British energy prices and made what\u2019s left of our heavy industry uneconomic. <\/p>\n\n\n\n

\u2026<\/p>\n\n\n\n

Port Talbot is the UK\u2019s largest steelworks. It\u2019s owned by an Indian conglomerate, Tata Steel, which, with British Government encouragement, is replacing its blast furnaces with an electric arc furnace that will emit less CO2.<\/p>\n\n\n\n

It also requires less labour, hence the 2,500 job losses, most of which will go in the next 18 months. These losses are the direct consequence of the Government\u2019s Net Zero strategy.<\/p>\n\n\n\n

The Tories are so keen on pursuing it that they\u2019re even stumping up \u00a3500 million of taxpayers\u2019 money to help Tata meet the \u00a31.25 billion cost of converting to the electric arc process.<\/p>\n\n\n\n

So, in effect, the Government is using our money to pay Tata to shed jobs. Such is the zealotry behind Net Zero. Prime Minister Rishi Sunak says the alternative is the complete closure of the plant \u2014 and it\u2019s true that Port Talbot has been losing Tata money for years. <\/p>\n\n\n\n

The irony is that decimating our heavy industry does not, in fact, reduce global CO2 emissions. It is reckoned that converting Port Talbot to greener electric arc production will cut our CO2 emissions by 1.5 per cent. <\/p>\n\n\n\n

\u2026Read more: https:\/\/www.dailymail.co.uk\/debate\/article-12984989\/andrew-neil-Port-Talbot-sacrificed-alter-Net-zero.html<\/a><\/p>\n<\/blockquote>\n\n\n\n

I used to think Arc furnaces are only good for recycled steel, but Arc furnaces can apparently process iron ore<\/a>, though I couldn\u2019t find any information about the economic viability of this ore smelting process.<\/p>\n\n\n\n

Whether the new Arc furnace is only used for recycled steel, or whether they attempt a full ore to steel process, melting steel with electricity requires lots of cheap electricity<\/a><\/strong>.<\/p>\n\n\n\n

But Port Talbot is in Wales, and Wales has a problem with electricity. According to a report by the Welsh government produced in March last year, Wales has high electricity costs<\/a>.<\/p>\n\n\n\n

Does the British or Welsh government plan to subsidise the electricity bills of a foreign steel company, while their own people are suffering and struggling to pay household bills?<\/p>\n\n\n\n

The press statement from Tata steel<\/a>, the company which owns Port Talbot, suggests a transition period in which the company would receive half finished steel products from overseas, while evaluating whether steel production should continue at Port Talbot \u2013 so that $500 million agreed subsidy may not even have secured a promise of an ongoing steel business.<\/p>\n\n\n\n

I\u2019m guessing even more money will be demanded in the near future, to keep this taxpayer funded boondoggle afloat.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Port Talbot has been sacrificed to the altar of Net Zero \u2013 which is why Labour\u2019s crocodile tears are hard to stomach<\/p>\n","protected":false},"author":121246920,"featured_media":297891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Port Talbot has been sacrificed to the altar of Net Zero \u2013 which is why Labour\u2019s crocodile tears are hard to stomach","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691826477,691826478,691826479,691818154,691818695],"class_list":["post-297887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-500-million","tag-green-funding","tag-heavy-industry","tag-net-zero","tag-taxpayers-money","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0_RGP_MDM_190124Steel_07.webp?fit=1200%2C630&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1fuD","jetpack-related-posts":[{"id":329609,"url":"https:\/\/climatescience.press\/?p=329609","url_meta":{"origin":297887,"position":0},"title":"\u201cNorth Sea Oil Workers Cannot be Sacrificed on the Altar of Net Zero\u201d: Unions Go to War on Labour\u2019s \u201cIrresponsible\u201d Green Policy","author":"uwe.roland.gross","date":"05\/22\/2024","format":false,"excerpt":"\u201cNorth Sea oil workers cannot be sacrificed on the altar of Net Zero,\u201d the Unite union has told Labour as it launches a campaign against the party\u2019s \u201cirresponsible\u201d green agenda. 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