
The closure of Grangemouth’s refinery sums up Labour’s Net Zero muddle
Another grim milestone in Britain’s elective deindustrialisation was reached today: Scotland’s only remaining petrochemical plant, Grangemouth in Fife, ceased refining crude oil after more than half a century of processing output from the Forties field in the North Sea. It was hardly a surprise. PetroIneos, the part-Chinese-owned company, announced last year that Grangemouth was to become a terminal for Liquefied Natural Gas (LNG) imported from abroad. But today’s news is significant because nothing better exposes the contradictory state of British energy policy. Nothing could better expose the contradictory state of British energy policy Despite Britain having substantial reserves of hydrocarbons in the North Sea – approximately 24 billion barrels – the
