00:00And funny enough there's a speech around about 3.40 today we're going to cover
00:04that. Sakia Starmer with the Chief of NATO Defence. I mean we have a great
00:10defence agreement with NATO. Already NATO predates the European Union by decades.
00:14What on earth is all that about? But I wanted to ask you in particular Lord
00:18McKinley about net zero alignment. Now I know you're the chair of the net zero
00:23scrutiny group and I know last week you were speaking in exasperated tones
00:27about the fact Ed Miliband is getting quadrilla to concrete over its drill
00:31it's drilling sites. There goes the entire British shale industry at the
00:36drop of a hat. And the alignment with the European Union on net zero rules that's
00:41what caused the collapse of the Norwegian government last week. Because
00:45it means that whatever we do anywhere in our agreement with the European Union we
00:49have to adhere to strict net zero laws. And it's things like this it's creeping
00:54bureaucratic red tape Lord McKinley. I thought we were clear of. Well exactly
01:00there's two things. We've got the emission trading scheme. We used to be
01:03part of the EU wide one while we were EU members. We've now got our own trading
01:09scheme. That's not to say it's a good scheme because what it does every pound
01:12that is paid in a trade cost of these type of schemes costs money. It costs you
01:20and I money. It means gas is more expensive. It means everything we do is
01:23more expensive. Now perversely the UK one for many years has been more
01:27expensive than the EU one. Just currently the EU one is more expensive than ours
01:34but that's the way it goes. But I mean it would be a scheme by which we have got
01:38no control. We had very little control while we were one voice out of 28 when
01:44we were EU members. We're not EU members anymore but it seems to me that our PM
01:49wants to sign up to something in which we don't even have a voice at all. But
01:55perversely I mean we are banning cars from 2030 or new petrol and diesel. The
02:01EU has actually pushed it out to 2035. So on some things maybe it's not as mad
02:06as mad Miliband but you know these things should be under our control, our
02:10democratic control and you know my view on net zero. It's the stuff of yesteryear.
02:14It is a Monty Python dead parrot. We should move on and get cheap energy like
02:20the rest of the world is doing. We should be on drill baby drill. We have a very
02:24very sound potential gas field for fracking. As you quite rightly said I
02:31work very hard with the government pleading within my government to stop
02:35that concrete cap going on Quadrillion Wells. Now that has been rescinded and
02:41they're going to have to spend multiple million pounds plugging those
02:44potentials for UK gas and all the while we'll be buying more and more gas from
02:50Qatar and the USA and other countries. I mean the way we're going we'll run out
02:55of football clubs for Qatar to buy but we'll have to meet that when we come to
03:01it. But no our energy policy is truly mad and I think where Trump is going I'm
03:06hoping we may follow. We might actually see that it's rather good for economy to
03:11have low priced energy. It's rather good for consumers that are feeling the pinch
03:15to have low priced energy. It's perfectly possible and a really
03:19interesting study I saw just last week. Over the last five years or so our
03:25consumers have paid 59 billion pounds more in domestic energy costs than the
03:33equivalent if we had US energy costs. That's 59 billion pounds that consumers
03:38could do similarly.
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