'Manufacturers need saving from net zero,' says Jacob Rees-Mogg

'Manufacturers need saving from Net Zero,' says Jacob Rees-Mogg
GB NEWS
Jacob Rees-Mogg

By Jacob Rees-Mogg


Published: 03/06/2025

- 21:52

OPINION: Jacob Rees-Mogg shared his views on net zero

Mount Etna has not only been busy terrifying tourists, it's been flooding the atmosphere with carbon dioxide emissions.

Indeed, if you take volcanic emissions as a whole for the year, about 440 million tonnes come out. That amounts to the entirety of the UK's annual CO2 emissions.


Why do I mention this? You may wonder. Well, while we're busy deindustrialising, cutting North Sea jobs, and devastating our economy with net zero policies, nature continues to take its course well beyond the control, even of His Majesty's Government.

This Government is facing pressure of volcanic proportions to save British industry from the net zero agenda. Time and again, we've been promised a green jobs revolution from this Labour Government.

Jacob Rees-Mogg

Jacob Rees-Mogg shared his views on Net Zero

GB NEWS

A new report has revealed not only that some 58,000 North Sea oil and gas jobs will disappear, the equivalent of 200 lost every week for the next five years, but the offshore wind sector may only create about half of those lost. And that is, of course, with the billions in subsidies that you will have to pay for.

Meanwhile, the oil and gas industry finds itself in a financial straitjacket, paying a headline tax rate of 78 per cent, on an industry that employs 200,000 people.

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If you're wondering why wages are low and prices are high, look no further than absurd policies like this.

But it doesn't end here. Official figures show that the UK pays amongst the highest industrial energy prices in the world, higher than Germany, France, Spain and industrial electricity is four times more expensive than in the US.

The chief lobby group Make UK has warned that half of manufacturers now believe these higher energy prices represent the biggest challenge for the future, and that we are set to enter an era of rapid deindustrialisation.

We all know both of these problems are solved by one thing: abandon net zero.

It's making consumer bills higher.

We currently pay higher rates for gas because power stations are turned on intermittently, forcing suppliers to pay higher costs when gas is used to generate electricity.

It's making taxpayers £280 a year poorer on average through green subsidies totalling £25 billion a year.

Jacob Rees-Mogg

'It's making taxpayers £280 a year poorer on average through green subsidies totalling £25 billion a year'

GB NEWS

It's devastating British industry, including steel and other manufacturers across the country, because of how expensive industrial energy prices are.

It's stopping new businesses expanding, and it's costing tens of thousands of jobs to those working in North Sea oil and gas affiliated industries.

The good news is, on one singular point, Ed Miliband is expected to scrap his heat pump targets following budget cuts. But there's much more work to be done.

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