👑 King Charles III delivered his King’s Speech today, marking the State Opening of Parliament. In it he laid out priorities for the new Government, but what does this mean for the UK’s energy industry?
We’ve extracted 5 takeaways:
Energy as a cornerstone of the economy: The Government recognises energy as a clear driver for growth and sees the delivery of #NetZero as central to their vision for the future.
Pro-business and pro-investment: A clear commitment to creating a partnership between the Government and businesses to deliver for working people, investing in industry, skills and new technologies.
Establishment of GB Energy: Establishment of a publicly owned energy company which will own and operate clean power projects, driving down costs for renewables and reducing the cost of energy bills.
Build, build, build: Facilitating the delivery process for critical infrastructure to unlock the delivery of the 2030 clean power mission.
EU-UK Cooperation: A commitment to improve our trade and investment relationship with the EU, which is critical for delivering our Net Zero targets.
🖱️ Read our full response: https://lnkd.in/eyG-mRQF 👈
#CleanEnergy #EnergySecurity #AffordableEnergy
Associate General Counsel at Colonial Pipeline Company
2moYou got yourselves an excellent guy right there!