Tories say Drill Baby Drill
Posted: 05 May 2010, 08:03
Joe Romm:
http://climateprogress.org/2010/05/04/u ... aby-drill/
http://climateprogress.org/2010/05/04/u ... aby-drill/
In a new energy policy paper, the Conservatives offer proposals that would give tax breaks to multinational oil companies, and ‘streamlining’ of licensing arrangements, to encourage more offshore oil drilling – and they want to do it in some of Britain’s most sensitive seas.
The new Conservative policy seems to be a reaction to the recommendations of former Tory energy Minister, Tim Eggar. Despite sitting on the board of a number of oil companies, Eggar was hired by George Osborne, just a couple of months ago, to lead a review of the tax arrangements for offshore oil drilling in UK waters. He is understood to have canvassed the big oil companies asking what they would need to make new oil drilling economic.
In the energy policy paper, the Conservatives say they’d like to open up an area of Ocean off the Shetland Islands that is important for its whale and dolphin populations. The area off the coast of Shetland also contains a couple of ‘special areas of conservation’ such as Darwin Mounds, designated for its cold water corals, and Wyville Thompson Ridge, proposed for its stony reef species and bottle nose dolphins. It’s not clear if these special sites would be under threat from the plan.
The Conservative policy says “We need policies designed for hunting [oil]”