He announced that he would write to Comrade Ed Davey, the Energy Secretary, to urge him to end green subsidies. Will he add a plea to Commissar George Osborne to drop the plans for a “generous new tax regime” for shale gas he announced at the conference?
Failing to tax something is not a subsidy.
We can show this quite simply. Fossil fuels in the UK pay tax of some £40 billion a year. Renewables do not pay such taxes. Do we say that renewables are subsidised by £40 billion a year because they are not taxed so highly?
No, we don\’t: and the greens certainly don\’t. Therefore, a tax regime for shale gas that is less extortionate than the tax system for other minerals is not a subsidy, is it?