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Budget supports fracking not renewables

Yesterday’s Budget announcement from George Osbourne was disappointing in its lack of green measures and support for polluting industries.

At a time when the Chancellor could have supported low-carbon infrastructure, his policies have instead focused on road building, shale gas and subsidising carbon intensive industries.

Key policies within the Budget 2013 include:

  • Tax-breaks to encourage the development of shale gas
  • subsidising petrol use by halting the fuel price escalator
  • exempting the carbon-intensive ceramics industry from the Climate Change Levy
  • new support for road building


2 Comments on Budget supports fracking not renewables

  1. Stan Rosenthal // June 23, 2013 at 4:38 pm // Reply

    As a founder member of SERA I believe that we should be saying much more about fracking than this. SERA was set up to campaign within the Labour movement for a sustainable, green future. Fracking could be the final nail in the coffin of that future in that it will inevitably be at the expense of developing renewable energy to the degree that is necessary, quite apart from the local polluting effects. It means that we will be adding to carbon levels at a time when there needs to be a sharp reduction in these levels if we are to avoid catastrophic climate change. And time is short. The foremost world authority on energy economics, the International Energy Agency, has warned that we could reach the tipping point in just four years time.

    My local Mid-Sussex Labour Party has just started a campaign against fracking in the Sussex area and SERA should be taking the lead in getting the Labour Party to adopt this approach for the country as a whole.

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