ConDem Coalition to Make Consumers Pay for Spanish-style Failed “Green Energy” Projects

ConDem Coalition to Make Consumers Pay for Spanish-style Failed “Green Energy” Projects

From the |BNP News Room
By Mercia — The Conservative-Liberal Democrat coalition seeks to place a levy on power suppliers in order to finance “green energy” projects like those which have already failed in Spain, it has been announced.
The special levy will, according to reports, add approximately £20 to the annual bill of the already struggling individual consumer and will make British industry even more uncompetitive.
According to reports, the special levy “could generate capital” for the proposed “green investment bank” and has been suggested to the Government by investment bank NM Rothschild (who the Times described as having “a close relationship with the Treasury”).
Apparently the concept consists of putting a levy of about £2 per megawatt hour on the wholesale price of electricity to raise some £30 billion annually. When the Spanish government introduced similar "green" measures in that country, the move resulted in an increase in unemployment as hard-hit companies laid off staff to reduce cost overheads.
The Spanish example also resulted in an exodus of energy-intensive manufacturing industries such as steel-making, chemical production and food processing, to countries where cheaper energy was readily available.
The new levy is needed, it is claimed, to compensate for the reluctance of power companies to provide the funding because they are not convinced that the “green proposals” are economically viable and show little ecological benefit compared to the huge social hardship and economic damage they inflict.

The Government claims that the “green energy” measures are necessary to control greenhouse gas emissions but continue to ignore the reality that uncontrollable natural phenomena, such as volcanic activity, produce far more CO₂ than human activity. Most interestingly, it is not the ecologists who are behind the latest levy proposals, but the bankers.
Global investment banks, in particular, are supportive of “cap and trade” measures which will earn billions of pounds for the big institutional players on the world's stock markets.
No one should be surprised by the Tory’s close relationship with globalist bankers or by their reluctance to disclose their plans for the introduction of this wholly unnecessary and burdensome stealth tax.
Ultimately, it will benefit the ConDem’s friends in The City and on Wall Street, rather than the consumer or the environment.