Labour’s GB Energy Would Create Secure Jobs

Labour’s proposal of a new publicly owned energy company (GB Energy), if they were to win the next general election, has been met with some criticism surrounding the impact it may have on jobs in the oil and gas sector.

The Scottish National Party (SNP) believe that Scottish jobs could be at risk thanks to Labour’s commitment to no longer issuing new oil and gas licences and raising taxes on company profits.

Starmer Assurance

Sir Kier Starmer has assured that Labour has planned for this, however. Safeguarding replacement jobs will span generations.

In an interview with BBC Radio Scotland, Starmer also confirmed that oil and gas would be a vital part of the UK energy mix for the foreseeable and that they will not “turn the pipes off instantaneously.”

Sir Keir Starmer / Source: Sky News (Reuters)

The Transition Away from Fossil Fuels with GB Energy

He urged that we need to move away from fossil fuels and even this could create jobs in Scotland for the next few decades.

Just over ten years ago, coal-fired power made up 40% of the electricity generated for the UK and is about to end in the latter half of this year. Starmer believes that when coal began coming to an end, a big mistake was that no plan for the future was set in stone by the current government.

We have to plan for the future, do the transition properly – and that is the best way to make sure jobs are there, not just for this generation, but for the next and the generation after that”.

Sir Keir Starmer, Labour Party Leader

GB Energy Backing & Attacking

  • GB Energy has been shown support by Sir Patrick Vallance. He believes clean power was not being employed in the way it should be.
  • Claire Coutinho, Conservative Energy Secretary, has shown distaste towards the plan, claiming it is unfunded.
  • The Conservatives believe that the aim to reduce bills by £300 would have no impact on costs.
  • The Green Party stated that the planned investment is not substantial enough to hit Labour’s supposed targets of net zero by 2030.
  • Labour has been mocked for using a similar logo to that of a small company in the US.

Great British Energy will be headquartered in Scotland, a region already pivotal to the UK’s oil, gas, and offshore wind industries. By focusing on developing clean energy industries, Labour aims to ensure that jobs and supply chains are retained within the UK.

Further Articles about GB Energy

How Great British Energy Can Transform the UK’s Renewable Landscape
Could We See a Public Energy Company Before General Election?
Elliot Carter June 4, 2024

How can I reduce my energy bills? I have spoken to my energy supplier and they didn’t help me at all, just sent me to read information on their website

Billy Strickland June 11, 2024

Hi there Elliot, thanks for your message. You can reduce you’re energy bills by applying for renewable energy upgrades via government backed grants. These include, The Energy Company Obligation (EC04), Boiler Upgrade Scheme, and the Great British Insulation Scheme. First, you will need to find out if you are eligible and you can do this on our website by clicking on the following link:

From here your eligibility will be confirmed and we will be in touch shortly. Thanks again Elliot!

Billy, Energy Advice Helpline

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