Bankers Pull the Plug on Scottish Wind

It seems that the banking fraternity are beginning to get a little worried about sticking their snouts in the Scottish wind turbine trough.
(See Windpower Monthly article Here)

Up until now it has been easy money for both the bankers and their wind turbine operator clients. They have been backed by all political parties, with politicians fawning at their feet.

The media has fallen over themselves (especially the BBC) to promote and propagandise on their behalf.

Anyone standing against them has been villified and despised but more usually, just ignored.

But now something is stirring. Something unpleasantly related the truth about how much this joke technology is costing us and how ineffective it is.

Honourable and informed organisations like the John Muir Trust, and the Renewable Energy Foundation, as well as highly regarded engineers are diligently questioning the current madness.
(See This Post)

If (and when) the sh*t hits the fan, the last thing the greedy bankers want on the balance sheet is a large quantity of ineffective wind turbines that no-one is subsidising any more.

The first line on that balance sheet concerns Scotland.

Now if dear old Alec Salmond gets his way and Scotland goes independent then Scotland is going to have to pay the onerous ROC subsidy. This subsidy for off-shore turbines triples the final cost of the electricity generated. On-shore is slightly less eye wateringly expensive, merely doubling the cost.

However, this potential £4bn outlay leaves Alac Salmond unphased. The master plan is to get the despised English to pay or (I quote from the above link) "then there would be a severe danger of the lights going off in England"

Oh dear, Oh Dear.

Alec Salmond obviously places a great deal of  faith in the English sticking to the ludicrous "renewables" targets that have been stupidly set by the last UK government.

But of course, there won't be a UK government if Scotland goes independent.

As the UK is doing very well towards meeting its Kyoto CO2 reduction targets (much better than either Germany or Denmark) I would find it hardly surprising if this bit of UK governmental "renewable obligation" stupidity were to be quietly swept under the carpet and forgotten about.

Now tie that in to the enormous gas field found under Lanacashire and the fact we have 85 years worth of nuclear fuel stockpiled.

We can, using both the new gas and nuclear, replace coal completely. This would cut our carbon emissions massively more than could ever be achieved by wind turbines. (That is, of course, assuming wind turbines actually ever manage to cut carbon emissions in the first place).

The "renewables" feeding frenzy becomes a busted flush.

Whatever you think about the greedy bankers, one thing you can be sure of is that they will protect their bottom line. They are not going to indulge in any dreamworld, English hating Nirvana that could in all likely-hood prevent them getting their massive bonuses.

Bankers are greedy, averacious, cowardly and uncaring.

But they are not stupid.


Dioclese said...

"Bankers are greedy, averacious, cowardly and uncaring. But they are not stupid"

No - we are stupid for putting up with them!

BilloTheWisp said...

You are dead right there Dioclese.