OPINION
Ed Miliband's policies are looking madder by the day, says Lois Perry (left) (Image: PA)
Ed Miliband, the UK's current Energy Secretary, is swiftly cementing his place in history as the modern-day embodiment of King Canute.
The legendary tale of Canute, who showed his inability to command the tides to halt, serves as a potent metaphor for Miliband's pointless zealotry.
by Taboola by Taboola
Sponsored Sponsored
Promoted Links Promoted Links
Moose Approaches Girl At Bus Stop And Nudges Her To Follow - Watch What HappensHappy in Shape
Undo
DON'T MISS
Powered by
Energy bills predicted to rise again in April in huge blow to pensioners
48 Comments
Ed Miliband warned against making huge net zero 'mistake'
47 Comments
Ed Miliband has been exposed for the mad hatter he is - time he faced facts
621 Comments
BP accused of abandoning climate for profit with ￡8bn oil and gas drilling plan
8 Comments
Drivers of certain vehicles given loophole to avoid ￡195 charge this April
1 Comments
BBC exposes its own bias against Reform UK in coverage of major policy
103 Comments
Drivers of these petrol cars to see road tax rise from ￡10 to ￡110 in April
Comments
Warning issued to anyone with a gas hob in kitchen
9 Comments
Some drivers face first ever vehicle tax charge with bills from ￡10 to ￡195
Comments
BP slashes net-zero spending by nearly ￡4bn in renewed oil and gas focus
10 Comments
Experts call for new CO2 cap with petrol and diesel vehicles banned from UK roads
26 Comments
Millions more UK households set to get ￡150 boost
6 Comments
Panic as 'thousands of UK jobs could be lost' over Starmer's new electric car plan
27 Comments
Drivers warned car tax to double on these vehicles from April 2025 - full list
Comments
3月8日 - SHAPE Top-up Degrees 网上资讯日SHAPE 才晋高等教育学院 立即申请
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
HMRC update as these vehicle owners to see higher costs in coming days
Comments
Three million more Brits to be offered energy bill relief under new proposals
3 Comments
They were so beautiful before; look at them now; number 10 will shock youWillIBeHappy.com
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Half of UK homes should have heat pumps by 2040 government told
52 Comments
Ed Miliband's mad policy that proves he badly needs one lesson from Donald Trump
95 Comments
The Top 25 Most Beautiful Women In The WorldMarvelousa
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Ed Miliband blackout gamble backfires as EU rules threaten UK's energy lifeline
567 Comments
Energy bills update as millions of households will pay less
27 Comments
无国界医生 - 由衷感谢大家2024年的所有支持无国界医生（香港） 立即捐款
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Energy bills predicted to rise again in April in huge blow to pensioners
48 Comments
Ed Miliband warned against making huge net zero 'mistake'
47 Comments
宝宝不停地摸肚子–医生发现原因时震惊了热门话题
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Ed Miliband has been exposed for the mad hatter he is - time he faced facts
621 Comments
BP accused of abandoning climate for profit with ￡8bn oil and gas drilling plan
8 Comments
世界上第一个七胞胎21岁了，看看他们现在的样子Story To Hear
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Drivers of certain vehicles given loophole to avoid ￡195 charge this April
1 Comments
BBC exposes its own bias against Reform UK in coverage of major policy
103 Comments
她怎么也想不到，她母亲的项鍊有一个秘密！她在25年後发现了这个秘密。MoneyFunny
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Drivers of these petrol cars to see road tax rise from ￡10 to ￡110 in April
Comments
Warning issued to anyone with a gas hob in kitchen
9 Comments
They Were So Beautiful Before; Now Look At Them; Number 10 Will Shock YouCash Roadster
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Some drivers face first ever vehicle tax charge with bills from ￡10 to ￡195
Comments
BP slashes net-zero spending by nearly ￡4bn in renewed oil and gas focus
10 Comments
Failed Celebs Who Lost It All & Some Of Them Work Normal Jobs NowThe Family Breeze
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Experts call for new CO2 cap with petrol and diesel vehicles banned from UK roads
26 Comments
Millions more UK households set to get ￡150 boost
6 Comments
The 15 Most Beautiful Beaches On EarthKingdom Of Men
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Panic as 'thousands of UK jobs could be lost' over Starmer's new electric car plan
27 Comments
Drivers warned car tax to double on these vehicles from April 2025 - full list
Comments
HMRC update as these vehicle owners to see higher costs in coming days
Comments
Three million more Brits to be offered energy bill relief under new proposals
3 Comments
Half of UK homes should have heat pumps by 2040 government told
52 Comments
Ed Miliband's mad policy that proves he badly needs one lesson from Donald Trump
95 Comments
Ed Miliband blackout gamble backfires as EU rules threaten UK's energy lifeline
567 Comments
Energy bills update as millions of households will pay less
27 Comments
Energy bills predicted to rise again in April in huge blow to pensioners
48 Comments
Ed Miliband warned against making huge net zero 'mistake'
47 Comments
Ed Miliband has been exposed for the mad hatter he is - time he faced facts
621 Comments
BP accused of abandoning climate for profit with ￡8bn oil and gas drilling plan
8 Comments
Drivers of certain vehicles given loophole to avoid ￡195 charge this April
1 Comments
BBC exposes its own bias against Reform UK in coverage of major policy
103 Comments
Drivers of these petrol cars to see road tax rise from ￡10 to ￡110 in April
Comments
But there is one difference that show's Miliband to be beneath Canute. The King was deliberately showing how powerless he could be, whereas Miliband is clearly actually this delisional in his commitment to a future dominated by renewable energy sources. However, history tends to remember Canute unfairly, thinking that he actually tried to stop the tides, but now we have in the Eergy Secretary a man who actually fits the bill of the popular, mythologised conception of Canute.
And today's stark and significant announcement from BP, signalling a monumental shift away from renewable investments and a renewed focus on the extraction of oil and gas, only serves to amplify the absurdity of Miliband's position.
Miliband obstinately clings to his green vision, even as the harsh realities of the market and the backtracking of major energy players expose the impracticality, nay, the sheer folly, of his agenda.
Sponsored
Rebang 360世上不花钱的7味「长寿药」，90%的人不知道
Undo
by Taboola by Taboola
His unwavering belief in the imminent demise of fossil fuels and the swift ascendance of renewables is nothing short of a dangerous fantasy, one that threatens to cripple the UK's energy security and economic prosperity.
Miliband's favourite line – that clinging to fossil fuel markets equates to being "stuck on the rollercoaster of prices" – now echoes hollowly in the wake of BP's strategic pivot. It's a theatrical performance, a "demented circus act" as I'm sure many are thinking, that willfully ignores the inherent limitations of heavily subsidised renewable energy sources.
Don't miss... Net zero to cost UK around ￡5billion each year, climate advisers warn [LATEST]
Let's be blunt: these sources are nowhere near capable of standing on their own two feet. They are propped up by taxpayer money, manipulated market mechanisms, and a naive faith in technologies that are, at best, decades away from widespread viability.
Fossil fuels, the "original" and most "natural" energy source, are being unfairly and unjustly demonised by Miliband and his Labour green cronies. We cannot, and must not, allow the Labour Party to steer the "Good Ship Titanic" of our economy towards the so-called "Melting Ice-berg" of so-called "green" energy.
It is time for a fundamental course correction, a return to sanity and pragmatism. It's time for Reform UK to step forward and sweep away this wave of globalist green tech nonsense, a movement driven by utopian ideals and fuelled by misguided policies.
The time has come for Sir Keir Starmer to take decisive action and relieve Miliband of his duties. His policies are not only woefully out of step with the evolving energy landscape, but they also risk turning the UK into an international laughingstock. Miliband's stubborn refusal to acknowledge the realities of the market is jeopardising our energy security, undermining our economic competitiveness, and alienating the very industries that are essential to powering our nation.
BP's decision to drastically curtail its renewable energy investments, a move triggered by mounting pressure from investors desperate for a return on their capital, underscores the dire situation. The energy giant made its strategic shift crystal clear today, announcing a significant increase of approximately 20% in its oil and gas investment, reaching a staggering $10 billion (￡7.9 billion) annually. Conversely, they slashed their previously planned renewables funding by over $5 billion (￡3.9 billion).
Trending
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
This is no isolated incident. The writing has been on the wall for quite some time. Rivals like Shell and the Norwegian company Equinor have also scaled back their ambitions to invest in green energy, acknowledging the harsh economic realities of the market. Esso's also had a reality check.
Across the Atlantic, Trump’s siren call of "drill baby drill" continues to resonate, encouraging further investment in the proven, reliable, and economically viable energy source: fossil fuels.
According to BP's CEO, Murray Auchincloss, this is a "fundamental reset" of the firm's strategy, with a renewed emphasis on boosting returns for shareholders. This is a clear indication that the promised land of green energy is not delivering the financial rewards that were initially anticipated.
In actual fact, it's proving to be a financial black hole, sucking in vast sums of capital with little to no return.
A closer examination of BP's decision reveals a compelling narrative. Since 2020, BP's shareholders have witnessed a meagre total return, including dividends, of just 36%. In stark contrast, shareholders in rivals Shell and Exxon have reaped returns of 82% and a staggering 160%, respectively. This glaring underperformance has ignited speculation about a potential takeover bid or even a relocation of BP's primary stock market listing to the United States, where oil and gas companies are valued more highly.
Meanwhile, the shift away from wet green dreams isn't limited to energy giants like BP. A growing number of major automakers are slamming on the brakes on their ambitious plans for electric vehicles (EVs), reversing course and scaling back production targets. The highly-touted EV revolution is encountering significant headwinds, as consumers and businesses alike are increasingly questioning the feasibility and practicality of a fully electric future.
Mercedes-Benz, for example, has executed a sharp U-turn on its EV ambitions, delaying its target for electric cars to constitute half of its sales by a full five years, pushing it back to 2030. Volvo has also abandoned its previously stated goal of producing only fully electric cars by 2030, now anticipating that hybrid vehicles will still account for a significant portion of its sales by that date.
Industry pressures are even leading to potential mergers, with Honda and Nissan reportedly considering a possible union in response to the challenges posed by the transition to electric vehicles and increased competition. The harsh economic realities of the EV market are forcing automakers to re-evaluate their strategies and consider drastic measures to survive.
Volkswagen's ID.4 electric crossover has suffered a significant setback, losing access to vital tax credits in the United States, a move that has undoubtedly impacted their EV sales strategy. Stellantis, the parent company of Vauxhall, is closing its van manufacturing facility in Luton, a decision driven, in part, by regulations aimed at accelerating the shift to electric vehicles. Ford is also reducing its workforce, eliminating 800 positions in the UK over the next three years, citing challenging market conditions, including a significant decline in demand for electric models. Renault's CEO has gone on record stating that customers are not yet ready to switch to battery-powered vehicles, urging for greater flexibility in the EV transition schedule. Even Porsche, the iconic sports car manufacturer, has scaled back its ambitious target of selling 80% fully electric vehicles.
These reversals are primarily driven by a constellation of factors, including slowing demand for EVs in major markets, significant challenges in meeting national and supranational mandates, and mounting uncertainties stemming from trade tariffs on Chinese-made EVs. The utopian vision of a swift and seamless transition to a fully electric transportation system is crashing against the rocks of economic reality, technological limitations, and consumer resistance.
DON'T MISS
Powered by
Energy bills predicted to rise again in April in huge blow to pensioners
48 Comments
Ed Miliband warned against making huge net zero 'mistake'
47 Comments
Ed Miliband has been exposed for the mad hatter he is - time he faced facts
621 Comments
BP accused of abandoning climate for profit with ￡8bn oil and gas drilling plan
8 Comments
Drivers of certain vehicles given loophole to avoid ￡195 charge this April
1 Comments
BBC exposes its own bias against Reform UK in coverage of major policy
103 Comments
Drivers of these petrol cars to see road tax rise from ￡10 to ￡110 in April
Comments
Warning issued to anyone with a gas hob in kitchen
9 Comments
Some drivers face first ever vehicle tax charge with bills from ￡10 to ￡195
Comments
BP slashes net-zero spending by nearly ￡4bn in renewed oil and gas focus
10 Comments
Experts call for new CO2 cap with petrol and diesel vehicles banned from UK roads
26 Comments
Millions more UK households set to get ￡150 boost
6 Comments
Panic as 'thousands of UK jobs could be lost' over Starmer's new electric car plan
27 Comments
Drivers warned car tax to double on these vehicles from April 2025 - full list
Comments
After Losing Weight Kevin James Looks Like A ModelOld Money Style
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
HMRC update as these vehicle owners to see higher costs in coming days
Comments
Three million more Brits to be offered energy bill relief under new proposals
3 Comments
She Was Everyone's Dream Girl, Take a Look At Her NowWillIBeHappy.com
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Half of UK homes should have heat pumps by 2040 government told
52 Comments
Ed Miliband's mad policy that proves he badly needs one lesson from Donald Trump
95 Comments
退休医生坦言：寿命长不是靠多走路和多睡觉，而是坚持这2件小事TopManFun 了解更多
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Ed Miliband blackout gamble backfires as EU rules threaten UK's energy lifeline
567 Comments
Energy bills update as millions of households will pay less
27 Comments
Vplus 专才进修资助 资助高达60% 上限HK$45,000 / HK$36,000Vplus 辨事处 了解更多
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Energy bills predicted to rise again in April in huge blow to pensioners
48 Comments
Ed Miliband warned against making huge net zero 'mistake'
47 Comments
全球最年长医生揭秘5大长寿秘诀不退休保持学习 ...TopManFun 了解更多
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Ed Miliband has been exposed for the mad hatter he is - time he faced facts
621 Comments
BP accused of abandoning climate for profit with ￡8bn oil and gas drilling plan
8 Comments
机电工程署「技术员训练计划」现正招聘。截止申请日期：3月10日机电工程署 了解更多
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Drivers of certain vehicles given loophole to avoid ￡195 charge this April
1 Comments
BBC exposes its own bias against Reform UK in coverage of major policy
103 Comments
香港无螺丝植牙费用揭晓：即日完成全口植牙，价格透明化！牙科植入物 | 搜索广告 立即搜索
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Drivers of these petrol cars to see road tax rise from ￡10 to ￡110 in April
Comments
Warning issued to anyone with a gas hob in kitchen
9 Comments
She Was The Dream Girl In The 80s, This Is Her RecentlyWillIBeHappy.com
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Some drivers face first ever vehicle tax charge with bills from ￡10 to ￡195
Comments
BP slashes net-zero spending by nearly ￡4bn in renewed oil and gas focus
10 Comments
30 photos that really make you thinkHigh Tally
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Experts call for new CO2 cap with petrol and diesel vehicles banned from UK roads
26 Comments
Millions more UK households set to get ￡150 boost
6 Comments
Tom Cruise's Daughter Was So Beautiful, Look At Her Now.Favour Lifestyle
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Panic as 'thousands of UK jobs could be lost' over Starmer's new electric car plan
27 Comments
Drivers warned car tax to double on these vehicles from April 2025 - full list
Comments
HMRC update as these vehicle owners to see higher costs in coming days
Comments
Three million more Brits to be offered energy bill relief under new proposals
3 Comments
Half of UK homes should have heat pumps by 2040 government told
52 Comments
Ed Miliband's mad policy that proves he badly needs one lesson from Donald Trump
95 Comments
Ed Miliband blackout gamble backfires as EU rules threaten UK's energy lifeline
567 Comments
Energy bills update as millions of households will pay less
27 Comments
Energy bills predicted to rise again in April in huge blow to pensioners
48 Comments
Ed Miliband warned against making huge net zero 'mistake'
47 Comments
Ed Miliband has been exposed for the mad hatter he is - time he faced facts
621 Comments
BP accused of abandoning climate for profit with ￡8bn oil and gas drilling plan
8 Comments
Drivers of certain vehicles given loophole to avoid ￡195 charge this April
1 Comments
BBC exposes its own bias against Reform UK in coverage of major policy
103 Comments
Drivers of these petrol cars to see road tax rise from ￡10 to ￡110 in April
Comments
只是涂万宁卖到翻的「烟醯胺」就跟斑点分手了japonelifeskeem-hk.com
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
沙田-2025 的豪华老人住宅公寓价格惊人便宜老年公寓 | 搜寻广告
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
这些是 2025 年的厨房新趋势（点击查看）厨房改建 | 搜寻广告
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
眼袋看起来老10岁！只是涂万宁买的「这个」japonelifeskeem-hk.com
Undo
by Taboola by Taboola
Sponsored Links Sponsored Links
Promoted Links Promoted Links
Despite these undeniable market realities, figures like Miliband stubbornly persist in advocating for policies that are increasingly detached from economic and technological feasibility.
They seem intent on forcing a transition that consumers and businesses are simply not ready for, potentially jeopardising our energy security and undermining our economic competitiveness in the process.
It's time to wake up and recognise that a balanced, pragmatic, and realistic approach to energy policy is the only path to Britain thriving and not just surviving.