Matt Ridley Fires Off About Coal Fortune

authordefault
on

I have declared my interest in the coal mining on my family’s land whenever and wherever relevant both in my writing and in Parliament.

“However, I generally argue in favour of gas, which is coal’s main competitor, and do not argue directly in favour of the coal industry. There is a long and proud tradition of coal mining in the North- east of England.

“The coal under my family’s land belongs to the state, being nationalized, so royalties go to the government, not the landowner. Only part of the coal mining operated by the Banks Group at the Shotton and Brenkley mines is on my family’s land.

“I consider the mining operation an excellent local employer, which provides affordable energy to UK industry and electricity consumers, without subsidy, and in a situation where the UK imports the majority of the coal it burns.

“It also contributes generous taxes as well as funding welcome environmental benefits and numerous community projects.

“I receive no financial benefit other than a wayleave in exchange for providing access to the land. The details are commercially confidential, but the wayleave is very small indeed in relation to the value of the coal mined from my family’s land. 

“It is partly shared with local residents and the remainder, after paying tax, is almost entirely reinvested in the maintenance and improvement of the property. The coal industry has never tried to influence my views on climate science or policy.”

Matt Ridley

authordefault

Related Posts

on

Historic hearing of the Inter-American Court of Human Rights asked judges to clarify the role of business in preventing human rights harms from climate change.

Historic hearing of the Inter-American Court of Human Rights asked judges to clarify the role of business in preventing human rights harms from climate change.
on

Campaigners charge that the ads are misleading the public about the proposed project’s likely climate harms.

Campaigners charge that the ads are misleading the public about the proposed project’s likely climate harms.
Analysis
on

New novel "The Sky Was Ours" reckons with escape, the false promise of technofixes, and the desire for a better world.

New novel "The Sky Was Ours" reckons with escape, the false promise of technofixes, and the desire for a better world.
on

DeSmog writer Justin Nobel’s new book explores how workers bear the brunt of the oil and gas industry’s hidden contaminated waste.

DeSmog writer Justin Nobel’s new book explores how workers bear the brunt of the oil and gas industry’s hidden contaminated waste.