hemanthaa@mail.com + 64 April 26, 2021 The British government has stepped in to save a giant oil refinery from insolvency, according to the Daily Telegraph. Essar Oil controls sixth of the country's petrol and diesel needs and the government cannot afford to let the company collapse; it is going to get a relief from its tax liability - a sum of £400 ($680) million. The fact that the refinery, which spans over 700 acres in the north west England, employs over 900 people with a contract force of over 800 people make the development a serious issue at a critical time. The company that produces over 10 billion litres of aviation fuel has been hit hard by the crisis in the aviation industry which show no sign of making a full recovery. More on that is here: 3 Quote Share this post Link to post Share on other sites
RichieRich216 + 454 RK April 26, 2021 Smart move, Don’t let the bottom feeders gobble it up! Get it stabilized for future use, Flying will return and can’t do it on batteries... Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 April 26, 2021 Just now, RichieRich216 said: Smart move, Don’t let the bottom feeders gobble it up! Get it stabilized for future use, Flying will return and can’t do it on batteries... Government choosing winners and losers with bailouts. That is what you guys would say if it were a renewable energy company. 1 1 Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,555 April 26, 2021 19 minutes ago, Jay McKinsey said: Government choosing winners and losers with bailouts. That is what you guys would say if it were a renewable energy company. Well there is always the 2 trillion dollars all green energy has been given, and of course a 300 mile battery,rolling blackouts and next will be.......LMAO 1 Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 April 26, 2021 2 minutes ago, Eyes Wide Open said: Well there is always the 2 trillion dollars all green energy has been given, and of course a 300 mile battery,rolling blackouts and next will be.......LMAO Good grief, not that 2 trillion dollars of yours again. That document you always cite says 2 Billion not trillion. That is Billion with a B not a T. Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,555 April 26, 2021 (edited) 5 minutes ago, Jay McKinsey said: Good grief, not that 2 trillion dollars of yours again. That document you always cite says 2 Billion not trillion. That is Billion with a B not a T. https://www.statista.com/statistics/186818/north-american-investment-in-sustainable-energy-since-2004/ (in billion U.S. dollars) Edited April 26, 2021 by Eyes Wide Open Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 April 26, 2021 (edited) 1 hour ago, Eyes Wide Open said: https://www.statista.com/statistics/186818/north-american-investment-in-sustainable-energy-since-2004/ (in billion U.S. dollars) It is behind a paywall so I can't see much but of what I can see nothing adds up to trillions, not even close. Further this is *investment* for which to say it was "given" is to imply that it had no return or expectation of return, is nonsensical. Most of that investment has been quite successful. The big money sink loser has been the ethanol scam created by a bunch of republican farmers, fortunately it will be replaced with batteries. How much money do you think has been "given" to fossil fuel companies over that period who have gone bankrupt? All the big coal companies have gone bankrupt. A bunch of oil companies have gone bankrupt last year and in 2016, etc. Edited April 26, 2021 by Jay McKinsey 1 Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,555 April 26, 2021 1 hour ago, Jay McKinsey said: It is behind a paywall so I can't see much but of what I can see nothing adds up to trillions, not even close. Further this is *investment* for which to say it was "given" is to imply that it had no return or expectation of return, is nonsensical. Most of that investment has been quite successful. The big money sink loser has been the ethanol scam created by a bunch of republican farmers, fortunately it will be replaced with batteries. How much money do you think has been "given" to fossil fuel companies over that period who have gone bankrupt? All the big coal companies have gone bankrupt. A bunch of oil companies have gone bankrupt last year and in 2016, etc. Aha! I see? Lmao ok, so I'll start with the welfare you add up the totals. Let us be on the same page...well kinda. Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 April 26, 2021 (edited) 19 minutes ago, Eyes Wide Open said: Aha! I see? Lmao ok, so I'll start with the welfare you add up the totals. Let us be on the same page...well kinda. That is investment, not welfare. Almost none of that number will have come from the government. And it adds up to about $500 billion. Less than the value of Tesla. Edited April 26, 2021 by Jay McKinsey Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,555 April 26, 2021 22 minutes ago, Jay McKinsey said: That is investment, not welfare. Almost none of that number will have come from the government. And it adds up to about $500 billion. Less than the value of Tesla. https://www.bloomberg.com/news/articles/2019-09-05/clean-energy-investment-is-set-to-hit-2-6-trillion-this-decade. The global energy supply is turning greener. Investment in new renewable energy is on course to total $2.6 trillion in the years from 2010 through the end of 2019, according to a study by BloombergNEF for the United Nations Environment Program and Frankfurt School’s UNEP Center published Thursday. 1 Quote Share this post Link to post Share on other sites
Jay McKinsey + 1,490 April 26, 2021 (edited) 1 hour ago, Eyes Wide Open said: https://www.bloomberg.com/news/articles/2019-09-05/clean-energy-investment-is-set-to-hit-2-6-trillion-this-decade. The global energy supply is turning greener. Investment in new renewable energy is on course to total $2.6 trillion in the years from 2010 through the end of 2019, according to a study by BloombergNEF for the United Nations Environment Program and Frankfurt School’s UNEP Center published Thursday. Ok, but the vast majority of that is not a gift or welfare from government. So what has all that investment produced you ask? Well it's the energy transition that is about to go into overdrive resulting in the sun-setting of the fossil fuel industry. It takes time for upstream investment to show up in the market. Enjoy the show. Edited April 26, 2021 by Jay McKinsey 1 Quote Share this post Link to post Share on other sites
RichieRich216 + 454 RK April 26, 2021 Jay, Grow the fuck up, It’s not “Picking Winner’s or Losers” it’s temporarily supporting a vital national interest! 1 Quote Share this post Link to post Share on other sites
Eyes Wide Open + 3,555 April 26, 2021 9 hours ago, Jay McKinsey said: Ok, but the vast majority of that is not a gift or welfare from government. So what has all that investment produced you ask? Well it's the energy transition that is about to go into overdrive resulting in the sun-setting of the fossil fuel industry. It takes time for upstream investment to show up in the market. Enjoy the show. Speaking of shows! https://cleantechnica.com/2021/04/25/how-to-get-a-tesla-model-3-for-25000/amp/ How to Get a Tesla Model 3 for $25,000 (in California) 1 Quote Share this post Link to post Share on other sites
ronwagn + 6,290 April 28, 2021 On 4/26/2021 at 10:01 AM, Eyes Wide Open said: Speaking of shows! https://cleantechnica.com/2021/04/25/how-to-get-a-tesla-model-3-for-25000/amp/ How to Get a Tesla Model 3 for $25,000 (in California) Paid for by unwilling taxpayers that don't want electric vehicles. Quote Share this post Link to post Share on other sites
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