{"id":363671,"date":"2025-01-27T16:32:08","date_gmt":"2025-01-27T15:32:08","guid":{"rendered":"https:\/\/climatescience.press\/?p=363671"},"modified":"2025-01-27T16:32:10","modified_gmt":"2025-01-27T15:32:10","slug":"where-did-all-the-money-go","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=363671","title":{"rendered":"Where Did All the Money\u00a0Go?"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

From Climate Scepticism<\/a><\/p>\n\n\n\n

By\u00a0Mark Hodgson<\/a><\/strong><\/p>\n\n\n\n

Far, far away\u2026<\/em><\/strong><\/p>\n\n\n\n

I wrote Where Power Lies<\/a> because I was shocked by the extent to which the UK\u2019s energy infrastructure was owned by multinational companies and foreign investors. I fear that, if anything, the situation will only have deteriorated over the three years and more since I wrote it.<\/p>\n\n\n\n

I felt moved to return to the subject today when I read David Turver\u2019s latest excellent piece<\/a> about subsidies paid to renewables companies, with particular reference to Contracts for Difference (CfD). I was struck by the sheer scale of these payments in 2024, together with the fact that even were common sense to return to the DESNZ tomorrow (it won\u2019t) so that the drive to renewables was slowed and future CfD rounds scrapped, we will be saddled with these payments for very many years to come. I have also written about the CfD regime before<\/a>, but the situation seems to have deteriorated since then (for the taxpayers, but not for the \u2013 largely foreign \u2013 recipients). As David Turver says:<\/p>\n\n\n\n

As well as 2024 being a record year overall, offshore wind received more subsidy than in any other year with \u00a31.9bn paid out. Biomass conversion, a euphemism for burning trees, received \u00a3309m and biomass with combined heat and power (CHP) received a further \u00a390m. Onshore wind received \u00a373m and the two solar farms with active CfDs received just over \u00a31m.<\/em><\/p>\n\n\n\n

Incidentally, in December 2024, \u00a3260.3m was paid out in subsidies, the second highest month on record, with April 2024 being the highest at \u00a3269.8m.<\/em><\/p>\n\n\n\n

Supporters of renewables often point out that when the market price of electricity is above the CfD strike price, then generators pay money back. This is true, but that was only significant in 2022 when a net \u00a3346m was repaid and compares to the net cost of the scheme of \u00a39.6bn since inception.<\/em><\/p>\n\n\n\n

The top thirteen CfD subsidy days all occurred in 2024, and a total of 16 days from the same year all appear in the Top-20. The day with the highest subsidy payments was 22 December 2024, with over \u00a320m paid out in a single day. Offshore wind was the main recipient of this Government mandated largesse on that day, getting over \u00a318.3m and biomass receiving over \u00a31m.<\/em><\/p>\n\n\n\n

The record subsidy days in December last year came despite elevated gas prices pushing up the reference price. The annual indexation of CfD strike prices with inflation means that as each year progresses, we are likely to see many more record subsidy days, especially if gas-prices fall back to more normal levels.<\/em><\/p>\n\n\n\n

Let\u2019s take a look at the recipients of the greatest sums of money.<\/p>\n\n\n\n

Walney<\/strong> Offshore Wind Farm<\/strong><\/p>\n\n\n\n

Overall, Walney is the biggest recipient of CfD largesse, at almost \u00a31.76Bn. In 2024 it was in second place for the year, receiving over \u00a3355 million. I wrote about Walney in Where Power Lies, saying this:<\/p>\n\n\n\n

Another increasingly large offshore wind farm is that at Walney, comprising Walney I, Walney II and the Walney Extension, based 12 miles off the south Cumbrian coast.<\/em><\/p>\n\n\n\n

<\/a><\/a>While the 659MW facility, Walney Extension is co-owned by Orsted and Danish pension funds PFA and PKA, Walney I and II are apparently <\/u>owned by Orsted (50.1%), SSE (25.1%) and OPW (24.8%). Orsted and SSE we have already met. OPW appear <\/u>to be a wholly-owned subsidiary of the New York Stock Exchange Listed, Illinois based, Dover Corporation.<\/em><\/p>\n\n\n\n

\u00d8rsted<\/em>, of course is a Danish company. Specifically (citing myself once more):<\/p>\n\n\n\n

\u00d8rsted has its origin in the Danish state-owned company Dansk Naturgas A\/S. The company was founded in 1972 to manage gas and oil resources in the Danish sector of the North Sea. After some years, the company was renamed to Dansk Olie og Naturgas A\/S (DONG), meaning Danish Oil and Natural Gas. At the beginning of the decade of the 2000s, DONG started to expand itself into the electricity market by taking long positions in electricity companies. In 2005, DONG acquired and merged Danish electrical power producers Elsam and Energi E2 and public utility (electricity distribution) companies NESA, K\u00f8benhavns Energi and Frederiksberg Forsyning. The result of the merger was the creation of DONG Energy.<\/em><\/p>\n\n\n\n

Hornsea 1<\/strong> Offshore Wind Farm<\/strong><\/p>\n\n\n\n

Hornsea 1 is part of a huge offshore wind farm. Over all time it lies in second place, behind Walney, having received almost \u00a31.67Bn in total. However, it was the highest paid recipient of CfD largesse in 2024, receiving almost \u00a3540 million. When I wrote Where Power Lies, Hornsea 1 was, so far as I could tell, wholly-owned and operated by \u00d8rsted. Since then it appears that the situation has changed. A visit to its website<\/a> tells me that the offshore wind farm is owned by \u00d8rsted (50%) as well as partners Greencoat, TRIG & Equitix, GLIL & Octopus Renewables. Greencoat, I assume is Greencoat Renewables PLC, whose website<\/a> tells us is an owner and operator of renewable energy infrastructure assets in Europe. It is listed on the Euronext Growth Market of Euronext Dublin and the AIM market of the London Stock Exchange. Who the ultimate owners are at any one time therefore depends on day to day trading on those two Stock Exchanges. It is incorporated in the Republic of Ireland. According to its most recent Report & Accounts<\/a> for the year ended 21st<\/sup> December 2023, its principal shareholders at that date were:<\/p>\n\n\n\n

BlackRock Inc (10.1%); KBI Global Investors (8.9%); FIL Investment International (7.3%); Brewin Dolphin Wealth Management (5.3%); Abrdn plc (5.1%); Irish Life Investment Managers (4.8%); Newton Investment Management (4.5%); Cantor Fitzgerald (3.7%: M&G Investment Management (3.3%); Davy Stockbroker (3.3%); and CCLA (3.1%).<\/p>\n\n\n\n

What its precise ownership of Hornsea 1 might be is difficult to say \u2013 I can\u2019t find it in the Hornsea 1 website and Greencoat\u2019s Annual Report & Accounts don\u2019t mention it.<\/p>\n\n\n\n

As for the other part-owners, I can find no confirmation of their share of Hornsea 1 either, though TRIG\u2019s website<\/a> does tell us that it is \u201ca London-listed investment company whose purpose is to generate sustainable returns from a diversified portfolio of renewables infrastructure that contribute towards a net zero carbon future.<\/em>\u201d According to its most recent Annual Report & Accounts<\/a> (also to 31st<\/sup> December 2023) its investment in Hornsea 1 accounts for approximately 10% of its portfolio, and TRIG is actually \u201ca Guernsey-registered closed-ended investment company.<\/em>\u201d The Report & Accounts also disclose the following shareholders with more than 5% of TRIG\u2019s shares:<\/p>\n\n\n\n

Rathbones (11.70%); Quilter Cheviot (5.44%); and RBC Brewin Dolphin (5.02%).<\/p>\n\n\n\n

Rathbones (11.70%); Quilter Cheviot (5.44%); and RBC Brewin Dolphin (5.02%).According to the website<\/a> of Equitix, it is \u201ca leading international investor, developer and fund manager in infrastructure<\/em>\u201d, whose majority shareholder is Tetragon Financial Group Limited, a Guernsey close-ended investment company, with non-voting shares listed on Euronext in Amsterdam and also traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange. So the beneficiaries of its shareholding could be almost anyone, but I assume that wherever they live, they won\u2019t be paying a lot of tax on the money they make out of it, given the fund\u2019s Guernsey location. All voting shares of the Fund are held by Polygon Credit Holdings II Limited, which is described in its most recent Financial Statement<\/a> as \u201ca non-U.S. affiliate of the Investment Manager. <\/em>The Investment Manager, Tetragon Financial Management LP, is registered as an investment adviser under the U.S. Investment Advisers Act of 1940, as is TFG Asset Management L.P., Tetragon\u2019s diversified alternative asset management business. So that\u2019s as clear as mud to anyone except investment experts.<\/p>\n\n\n\n

GLIL is, I assume GLIL Infrastructure, whose website<\/a> tells us that it \u201ccan offer investors exposure to high-quality, predictable and consistent cashflow generating assets in a range of sectors covering greenfield sites, regulated utilities and transport upgrades.<\/em>\u201d It is based in the UK and claims to be \u201can innovative collaboration between aligned and like-minded investors who are seeking investment into core infrastructure opportunities predominantly in the UK<\/em>\u201d. Make of that what you will.<\/p>\n\n\n\n

I assume that Octopus Renewables is Octopus Renewables Infrastructure Trust plc, whose website<\/a> tells us that it is \u201cis an Impact Fund helping accelerate the transition to net zero. It is an investment company focused on providing investors with an attractive and sustainable level of income returns, with an element of capital growth, by investing in a diversified portfolio of Renewable Energy Assets across Europe, the UK and Australia\u201d. <\/em>It is is a London-listed closed-ended investment company incorporated in England and Wales. If its most recent interim report & accounts<\/a> mentions its stake in Hornsea 1, I\u2019m afraid I missed it. Quite telling is this from page 30 of the interim report:<\/p>\n\n\n\n

The UK remains a favourable market for renewable energy investments, and even more so following the formation of the new Labour government in July 2024 and the policy measures that it has rapidly implemented\u2026<\/em><\/p>\n\n\n\n

\u2026With a significant portion of its investments in the UK, including three developer investments focused on the UK market, ORIT is poised to benefit from the government\u2019s strong support for renewable energy initiatives (the UK is ORIT\u2019s largest single market, 40% of total value of all investments at 30 June 2024). The positive recent policy changes will support the industry and ORIT expects an acceleration in new projects coming to market over the coming years, as well as greater potential for CfD support for ready to build assets developed by Wind2 and BLCe.<\/em><\/p>\n\n\n\n

Greater potential for CfD \u201csupport<\/em>\u201d, eh?<\/p>\n\n\n\n

According to the most recent Annual Report & Accounts<\/a> made up to 31st<\/sup> December 2023, the most significant shareholder are:<\/p>\n\n\n\n

Sarasin & Partners LLP (9.94%); Rathbone Investment Management Ltd (7.40%); Brewin Dolphin Limited (5.24%); Schroders plc (5.01%); Baillie Gifford & Co (5.00%); EFG Private Bank Limited (4.99%); Quilter Plc (4.29%); and Newton Investment Management Limited (3.06%).<\/p>\n\n\n\n

Drax<\/strong><\/p>\n\n\n\n

Drax figures third in overall receipts (just short of \u00a31.6Bn), though it fell to sixth place in terms of 2024 recipients of largesse from the taxpayer, receiving just over \u00a3216 million. For once it\u2019s a UK company. If you want a laugh, you could visit its website<\/a>, or if you want to read a more realistic version, you could try Jit\u2019s The Beast of Selby<\/a>. According to its most recent Annual Report & Accounts, however, its major shareholders were:<\/p>\n\n\n\n

Bank of American Corporation (10.69%); Invesco Limited (9.71%); Schroders plc (9.64%); and Orbis Holdings Limited (5.01%).<\/p>\n\n\n\n

Beatrice Offshore Wind Farm<\/strong><\/p>\n\n\n\n

Beatrice is in fifth place overall for the receipt of CFD payments, having received a total of \u00a31.045Bn. In 2024 it was in third place, with CfD receipts of just under \u00a3270 million. As its website<\/a> tells us, it is a joint venture between SSE Renewables (40%); Red Rock Renewables (25%); Trig (17.5%); and Equitix (also 17.5%). We have looked at TRIG and Equitix above. SSE Renewables<\/a> is a subsidiary of London Stock Exchange quoted SSE plc. It may be quoted on the London Stock Exchange, but according to its most recent Annual Report & Accounts<\/a> (for the year 2023\/24), its major shareholders \u2013 by voting rights \u2013 are multinational: Black Rock Inc (7.44%); Barclays Bank PLC (5.22%); JP Morgan Chase & Co (5.2%); The Capital Group Companies Inc (4.9%); Invesco Limited (4.69%); Caisse de d\u00e9p\u00f4t et placement du Qu\u00e9bec (3.98%); Bank of America Corporation (0.43%).<\/p>\n\n\n\n

As for the other joint venture partner in Beatrice, its website tries to tell us that Red Rock Renewables is a Scotland-based investor, developer, owner and operator of renewable energy projects. Scotland-based, perhaps, but Chinese-owned. As its website<\/a> tells us, it is in fact \u201cthe European subsidiary of SDIC Power, a global energy company based in Beijing\u2026.SDIC Power Holdings Co., Ltd, is a listed company in Shanghai Stock Exchange (SH.600886), with State Development and Investment Corporation (SDIC), a State-Controlled Enterprise, holding 51.32% of its shares as of 2022.\u201d<\/em><\/p>\n\n\n\n

Dudgeon Offshore Wind Farm<\/strong><\/p>\n\n\n\n

Dudgeon features in fourth place in both the overall and 2024 CfD payments league tables, having received just under \u00a3234 million in 2024, and almost \u00a31.22Bn overall. By the way, I recommend Jit\u2019s piece, High Dudgeon<\/a> to you, when you\u2019re finished reading this. According to Dudgeon\u2019s website<\/a>:<\/p>\n\n\n\n

Through the joint venture company Dudgeon Offshore Wind Limited, the wind farm is owned by Equinor, Masdar and China Resources (Holdings), and Equinor is its operator having developed the \u00a31.4b power plant between 2012 and 2017.<\/em><\/p>\n\n\n\n

Equinor is Norwegian-owned. According to its website<\/a>:<\/p>\n\n\n\n

In 1972, Statoil was formed by a decision of the Norwegian parliament and owned 100% by the Norwegian State. In 2001, Equinor was listed on the Oslo and New York stock exchanges with a 67% majority stake owned by the Norwegian State. In 2018 we changed our name to Equinor.<\/em><\/p>\n\n\n\n

Well, you would change your name, wouldn\u2019t you? Statoil isn\u2019t likely to burnish your \u201cgreen\u201d credentials when you\u2019re looking for UK \u201cgreen\u201d subsidies, is it?<\/p>\n\n\n\n

Masdar is a United Arab Emirates Company. According to its website<\/a> :<\/p>\n\n\n\n

With three leading UAE energy champions as our shareholders \u2013 the Abu Dhabi National Oil Company (ADNOC), Mubadala Investment Company, and Abu Dhabi National Energy Company PJSC (TAQA) \u2013 Masdar is supporting the UAE\u2019s transition toward a knowledge-based economy. A catalyst for renewable energy development in the Arab world over the past decade, Masdar is demonstrating how the business community can deliver on the global sustainability agenda.<\/em><\/p>\n\n\n\n

I love this bit:<\/p>\n\n\n\n

Abu Dhabi National Oil Company (ADNOC) is one of the world\u2019s leading energy producers and a primary catalyst for the growth and diversification of the Abu Dhabi economy. With a production capacity of more than 4 million barrels of oil per day and 11.5 billion cubic feet of natural gas per day\u2026<\/em><\/p>\n\n\n\n

China Resources (Holdings) is a Chinese state-owned conglomerate, based in Hong Kong. Enough said.<\/p>\n\n\n\n

EA1 Offshore Wind Farm<\/strong><\/p>\n\n\n\n

EA stands for East Anglia. Overall, it stands in 8th<\/sup> place, with total CfD payments of more than \u00a3650 million. In 2024, it featured in fifth place, with payments in the year of more than \u00a3230 million.<\/p>\n\n\n\n

As its website<\/a> tells us, it is \u201ca joint venture between ScottishPower Renewables and Macquarie\u2019s Green Investment Group (GIG)<\/em>\u201d. Despite the name, Scottish Power is of course a wholly-owned subsidiary of Spanish Company Iberdrola, and indeed the website describes it as the largest wind farm in Iberdrola\u2019s history. Who knows, perhaps it\u2019s the one that makes it the most money in subsidies, too?<\/p>\n\n\n\n

Macquarie, meanwhile, and its Green Investment Group, are Australian.<\/p>\n\n\n\n

Burbo Bank Offshore Wind Farm<\/strong><\/p>\n\n\n\n

This is in 6th<\/sup> place overall, with total CfD payments over the years of more than \u00a3700 million. In 2024, it was in 7th<\/sup> place, with CfD payments of more than \u00a3124 million.<\/p>\n\n\n\n

It is one of 12 operational wind farms in the UK or its offshore waters, owned by \u00d8rsted, and is Danish.<\/p>\n\n\n\n

Lynemouth Biomass<\/strong><\/p>\n\n\n\n

This (like Drax) is a former coal power station, converted to biomass. It\u2019s in 7th<\/sup> place overall, with total CfD payments of almost \u00a3675 million. In 2024 it was in 9th<\/sup> place, with CfD payments in the year of more than \u00a392 million. It is owned by Czech company, EPH (\u201cWe keep the remaining coal capacities operational solely to ensure security of supply in the near term, while we have a clear coal exit plan<\/em>\u201d). As for Lynemouth, it \u201cuses sustainably-sourced, renewable wood pellets, primarily from the USA and Canada, which are transported to the UK by sea<\/em>.\u201d Right\u2026.<\/p>\n\n\n\n

Triton Knoll Offshore Wind Farm<\/strong><\/p>\n\n\n\n

It doesn\u2019t feature in the overall top ten, but its in 8th<\/sup> place in 2024, with CfD payments of more than \u00a3108 million. As its website<\/a> tells us: \u201cThe project is owned by RWE (59%) and partners J-Power (25%) and Kansai Electric Power (16%), with RWE responsible for operating and maintaining the wind farm<\/em>\u201d. RWE is a German company, based in Essen. J-Power is a subsidiary of Sumitomo Electric Industries, in Japan. Kansai Electric Power is also Japanese.<\/p>\n\n\n\n

Teesside Biomass Plant<\/strong><\/p>\n\n\n\n

This features in 9th<\/sup> place overall, with total CfD payments of more than \u00a390 million. It\u2019s in 10th<\/sup> place in 2024, but it looks as if it will be moving up the overall rankings, as it received almost \u00a388 million in 2024. It is owned by MGT Teesside Limited, a company limited in England, but if you looked no further, you would be misled. Its ultimate owner is the Australian company, Macquarie.<\/p>\n\n\n\n

Dorenell Onshore Wind Farm<\/strong><\/p>\n\n\n\n

Dorenell is the poor relation among this company. It\u2019s not in the 2024 top ten, and scrapes into the overall top 10 in tenth place, with CfD receipts of just under \u00a345 million. It\u2019s owned by EDF Renewables, a French company.<\/p>\n\n\n\n

Ongoing foolishness<\/strong><\/p>\n\n\n\n

Hot off the press (or the online equivalent) the Herald today reports<\/a> that the Scottish government is considering handing \u00a360 million to two Chinese companies (Minyang Smart Energy and Orient Cable) to build wind farm factories in Scotland. Except that I don\u2019t believe in any \u201cnet zero transition\u201d, I\u2019m with Lord Alton, when he asks:<\/p>\n\n\n\n

What are we thinking of, handing over such important capability in the net-zero transition to an entity that comes from an authoritarian and hostile state, and doing so as the European Union is launching its antitrust investigation into Chinese turbine manufacturers?<\/em><\/em><\/p>\n\n\n\n

Conclusion<\/strong><\/p>\n\n\n\n

When considering all the above money that is leaching out of the country, bear in mind that these are just the CfD payments, an absurdly large, but only one part of the overall subsidy regime. And of course, subsidies represent only some of the vast amounts of money we are paying for renewable energy. It\u2019s bad enough that we are over-paying for energy. In addition, to damage our already weak balance of payments in an ongoing and growing manner, while making us dependent on foreign companies whose overriding objective is to make money (except possibly the Chinese companies, for whom national security objectives might rank higher) is absurd. This not what national financial or energy security looks like.<\/p>\n\n\n\n

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

I wrote\u00a0Where Power Lies\u00a0because I was shocked by the extent to which the UK\u2019s energy infrastructure was owned by multinational companies and foreign investors. I fear that, if anything, the situation will only have deteriorated over the three years and more since I wrote it.<\/p>\n","protected":false},"author":121246920,"featured_media":363674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","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_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"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":[691829904,691818270,691818131,691819094,691832894],"class_list":{"0":"post-363671","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-biomass-plant","9":"tag-contracts-for-difference-cfd","10":"tag-offshore-wind-farm","11":"tag-renewable-green-energy","12":"tag-uks-energy","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/01\/0captrust.com_Winter-2022-Money-Mindset-Header-scaled-1.jpg?fit=2560%2C978&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1wBF","jetpack-related-posts":[{"id":216358,"url":"https:\/\/climatescience.press\/?p=216358","url_meta":{"origin":363671,"position":0},"title":"Who Owns Our Offshore Wind Farms?","author":"uwe.roland.gross","date":"30\/08\/2022","format":false,"excerpt":"The combined output of these eight and London Array is about 16 TWh a year. At current prices of \u00a3375\/MWh, the excess profit now being \u201cearned\u201d is around \u00a35 billion a year.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-1375.png?fit=1024%2C383&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-1375.png?fit=1024%2C383&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-1375.png?fit=1024%2C383&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/08\/image-1375.png?fit=1024%2C383&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":257121,"url":"https:\/\/climatescience.press\/?p=257121","url_meta":{"origin":363671,"position":1},"title":"Renewable energy projects worth billions stuck on\u00a0hold","author":"uwe.roland.gross","date":"12\/05\/2023","format":false,"excerpt":"Billions of pounds\u2019 worth of green energy projects are on hold because they cannot plug into the UK\u2019s electricity system, BBC research shows.","rel":"","context":"In \"Climate change\"","block_context":{"text":"Climate change","link":"https:\/\/climatescience.press\/?tag=climate-change"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/010x0.webp?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/010x0.webp?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/010x0.webp?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/010x0.webp?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/010x0.webp?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":287355,"url":"https:\/\/climatescience.press\/?p=287355","url_meta":{"origin":363671,"position":2},"title":"German economic miracle: One in three automotive suppliers is considering relocating investments abroad","author":"uwe.roland.gross","date":"09\/11\/2023","format":false,"excerpt":"Top politicians such as Economics Minister Robert Habeck and German Chancellor Olaf Scholz play down the issue of deindustrialization. Habeck describes it as a mere buzzword that does not do justice to reality. Scholz sees the warnings about deindustrialisation as nothing more than scaremongering. But the politicians' assessments are at\u2026","rel":"","context":"In \"automotive suppliers\"","block_context":{"text":"automotive suppliers","link":"https:\/\/climatescience.press\/?tag=automotive-suppliers"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a5fd1836c81c002bae77ec54c9207d2c.jpg?fit=1200%2C645&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a5fd1836c81c002bae77ec54c9207d2c.jpg?fit=1200%2C645&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a5fd1836c81c002bae77ec54c9207d2c.jpg?fit=1200%2C645&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a5fd1836c81c002bae77ec54c9207d2c.jpg?fit=1200%2C645&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/00a5fd1836c81c002bae77ec54c9207d2c.jpg?fit=1200%2C645&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":257821,"url":"https:\/\/climatescience.press\/?p=257821","url_meta":{"origin":363671,"position":3},"title":"Gridlock: renewable energy projects worth billions stuck on\u00a0hold","author":"uwe.roland.gross","date":"17\/05\/2023","format":false,"excerpt":"Quote: \u2018The system was built when just a few fossil fuel power plants were requesting a connection each year, but now there are 1,100 projects in the queue\u2019. The climate goldrush is stalling.","rel":"","context":"In \"CO2\"","block_context":{"text":"CO2","link":"https:\/\/climatescience.press\/?tag=co2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0Solar-Panels-and-Windmills-1-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0Solar-Panels-and-Windmills-1-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0Solar-Panels-and-Windmills-1-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0Solar-Panels-and-Windmills-1-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/0Solar-Panels-and-Windmills-1-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":207619,"url":"https:\/\/climatescience.press\/?p=207619","url_meta":{"origin":363671,"position":4},"title":"How Cynical Elites Have Wrecked Energy Supplies & Ruined Your Economic Future","author":"uwe.roland.gross","date":"08\/07\/2022","format":false,"excerpt":"The attack on our reliable and affordable energy supplies is part treason and part act of war. Internal forces openly conspire to promote the interests of crony capitalists at the expense of the ambitious working class. External forces do the same, but at a grandstanding global level, pressuring and shaming\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0extinction-rebellion.jpg?fit=1200%2C774&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0extinction-rebellion.jpg?fit=1200%2C774&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0extinction-rebellion.jpg?fit=1200%2C774&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0extinction-rebellion.jpg?fit=1200%2C774&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0extinction-rebellion.jpg?fit=1200%2C774&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":229321,"url":"https:\/\/climatescience.press\/?p=229321","url_meta":{"origin":363671,"position":5},"title":"Why Renewable Energy Is Hitting the Buffers","author":"uwe.roland.gross","date":"15\/11\/2022","format":false,"excerpt":"Shock Guardian expos\u00e9 of \u201cgreen\u201d energy\u2019s\u00a0failures","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0pexels-photo-272254.webp?fit=1200%2C799&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0pexels-photo-272254.webp?fit=1200%2C799&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0pexels-photo-272254.webp?fit=1200%2C799&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0pexels-photo-272254.webp?fit=1200%2C799&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/11\/0pexels-photo-272254.webp?fit=1200%2C799&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/363671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=363671"}],"version-history":[{"count":3,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/363671\/revisions"}],"predecessor-version":[{"id":363675,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/363671\/revisions\/363675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/363674"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=363671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=363671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=363671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}