Mr Shapps will spotlight the Government’s choice to spend money on home-grown vitality sources, together with renewables, nuclear energy and backing North Sea oil and gasoline, and the steps it has taken to make sure essential vitality infrastructure is protected against disruptive protests.
He will point out the Public Order Act, working with the police to make sure protesters can not acquire unauthorised entry to websites, and the work of the Civil Nuclear Constabulary, whose 1,300 officers and 300 help employees function to guard nuclear websites throughout England, Scotland and Wales.
Mr Shapps stated: “We need to send the message loud and clear to the likes of (Russian President Vladimir) Putin that we will never again be held to ransom with energy supply. The companies I am meeting in Downing Street today will be at the heart of that.
“Energy industry leaders can see that this Government will back home-grown, secure energy – whether that’s renewables, our revival in nuclear, or our support for our vital oil and gas industry in the North Sea.
“But it is a sad reality that we also need to protect our critical national infrastructure from disruptive protests.
“Today I’ll be setting out what we are doing to achieve this and want to hear from the energy companies the vital work they are doing in this area.”
Earlier this week, Prime Minister Rishi Sunak introduced that a whole lot of latest oil and gasoline licences might be granted within the UK and confirmed that north-east Scotland and the Humber have been chosen as places for 2 new carbon seize utilization and storage clusters.
The plans have been criticised by local weather campaigners, opposition events and even main inexperienced Conservatives amid fears of how they’ll have an effect on the UK’s mission to get to web zero by 2050.
Mr Shapps instructed Times Radio the transfer is a “very sensible, rational thing for us to be doing”, arguing that it will be “irresponsible” to not grant the licences.
He insisted to GB News: “Yes, we’ll have more oil and gas licences, but we’ll still meet our net zero targets because we’re also massively investing in all these renewables as well.”
The minister was later pressured to defend the Government’s path to zero-emission vehicles when requested about studies that Business Secretary Kemi Badenoch had voiced issues that electrical car targets may stall funding.
Asked in regards to the reported intervention, he instructed the BBC’s World at One programme: “Sometimes I think there’s some misunderstanding about the overall trajectory towards cars which are no longer petrol or diesel.”
Mr Shapps added that the proposed mandate on zero-emissions autos subsequent 12 months is to information producers on what number of vehicles needs to be emmission-free.
“The Government hasn’t actually said what that proportion will be yet and I think… the Department for Transport will shortly publish the upshot of that consultation, so at least wait for that,” he stated.
According to the Department for Energy Security and Net Zero, Shell UK goals to take a position £20 billion to £25 billion within the UK vitality system over the following 10 years, with greater than 75% supposed for low and zero-carbon services and products.
BP intends to take a position as much as £18 billion within the UK to the top of 2030 and SSE plc has introduced plans to take a position £18 billion as much as 2027 in low-carbon infrastructure, creating 1,000 jobs yearly to 2025.
Moreover, National Grid plc might be investing greater than £16 billion within the five-year interval to 2026 and EDF has outlined plans to take a position £13 billion to 2025.
The assembly comes after BP reported on Tuesday that it made round 2.59 billion US {dollars} (£2 billion) in underlying substitute price revenue over the three months to the top of June.
Asked in regards to the announcement throughout a go to to Teesside’s Transmission System Gas Terminal on Tuesday, Mr Shapps stated: “I think what people want to know is that they (BP) are being properly taxed, and we’ve been taxing them 75% of their profits through this windfall tax, and that we’ve used that money to pay about £1,500 per household to cover people’s energy bills this last winter.
“It may not have felt that way, but (bills) would have been £1,500 on average higher if we hadn’t taxed the energy companies.
“So they have been playing their part. BP is a big global company, those profits will come from all around the world.
“But we want to make sure that they’re doing their part, but that they have money to carry on investing.
“This week I’m meeting with BP and others in Downing Street to talk about £100 billion of investments by oil and gas companies; for example, into renewable energy, hydrogen and carbon capture and storage.
“So they do have to make money in order to be able to invest that money. But I have made sure, we have made sure as a Government, that they have been taxed at a very punitive level.
“And that money has come straight to households and businesses over this last, difficult winter.”
