Barclays Share Discussion Threads

[ddroz] 10/2/2020 18:18

I think a lot of it is to because of high wages. The solar energy area sector pays well... cheaper foreign labour is everything.

[hellscream] 10/2/2020 16:29

hows it green that we import 36% of our energy needs?

[bernie37] 10/2/2020 15:35

Drax, the FTSE 250 power company, said it will “assess options” for the remaining coal units at its vast power station in North Yorkshire, which was once the biggest polluter in western Europe.

Any subsequent decision to shut the coal units at the Drax plant in Selby would be a significant moment in the phasing out of coal from Britain’s power system, which was once dominated by the fossil fuel.

Drax said on Monday that it would look at options for the last two coal units at the site “alongside discussions with National Grid, Ofgem and the UK Government”.

The Selby plant is the biggest power plant in Britain and once ran exclusively on coal but four out of its six generating units have already been converted to burn wood pellets to produce electricity.

By the end of this year, Britain will only have three remaining coal power stations — including the Selby plant — as the UK government seeks to phase out the highly polluting fossil fuel by 2025 at the latest.

There have been a string of announcements from other power companies in the past 18 months about the closure of some of their final coal assets, including Fiddlers Ferry in Cheshire, which SSE said in November would close by March 31 this year.

Drax’s coal units still have contracts under a government scheme that ensures there is sufficient generating capacity on standby during periods of high demand — typically during the winter — that run until the end of September 2022.

A spokeswoman for Drax said despite its announcement that it was assessing options for the coal units, “no decision about the future operation of our coal units has been taken”.

Will Gardiner, the chief executive of Drax, has previously told the FT that the likelihood of the coal units running “past 2023 is extremely low”.

Coal power has been pushed out of Britain’s electricity system due to a number of factors, including the rise of renewables such as wind and solar and the introduction in 2013 of a carbon price support levy which made it less economic than other forms of power generation, including natural gas.

[trev1223] 10/2/2020 15:29

Porty
Drax is old news, they have been engaged with this project for years. In fact, the government turned it down in the summer of 2015. Now it is being looked at again.

[portside1] 10/2/2020 15:18

Bernie take a look at give me your feedback thanks

[bernie37] 10/2/2020 15:17

Drax generates more renewable power than any other company in the UK and we are now working towards becoming carbon negative by 2030.”

[portside1] 10/2/2020 14:56

Barc holders take a look at draxs they are looking at storing co2 In oil wells with gov backing of 1.2 trillion

[seewhatimean] 10/2/2020 12:49

That's why she is a cleaner at McDONALDS.Bless.

[ddroz] 10/2/2020 12:42

Potty, you mean 'there are' you thick illiterate inbreed. 900k!! Lolololol

[ddroz] 10/2/2020 08:48

Dik, what nationality are you, interested because of your poor language and lack of grammar

[diku] 10/2/2020 08:37

porty...you might just be right...best to ignore the clowns...they come and go over time...best not to fall to their level...they not interested in Barc just stir up confrontation talk...

[klotzak] 10/2/2020 08:05

Potty and Dik. Head, https://www.express.co.uk/news/uk/1240149/coronavirus-uk-news-britain-threat-public-health-coronavirus-symptoms-NHS-latest-chinaIt's a good job you pair of chumps have no responsibility other than ramping each other up, with your tales of heroism against inept CEOs.

[johnwise] 09/2/2020 22:34

Barclays braces for pressure from activist investor and climate campaigners

Barclays is facing intense scrutiny on two fronts as the bank prepares to release its annual results on Thursday, as the bank tries to shake off an activist investor and address campaigners’ concerns over its financing of fossil fuels.



Climate Change Scam

VIDEO: The truth about global warming

[klotzak] 09/2/2020 20:12

You are talking from your bottom, Chumley Warner. Between the Dik and the Potty we have a set of dreamers with a clear lack of education.What's that Potty, you've just made £800k on the Hang Seng? Of course you did, hun!!??

[portside1] 09/2/2020 19:46

Diku do not reply ignore

[klotzak] 09/2/2020 19:40

Hurt feelings aside, have you anything relevant to give the group?