NIGEL Farage plans to shred costly Net Zero rules on the first day if he gets into No10.
The Reform UK leader would instead hand out new licences for oil and gas drilling in return for a stake in North Sea companies.
The pledge came as US President Donald Trump launched a savage attack on our Government’s eco policies.
Reform deputy leader Richard Tice told The Sun: “We are going to hit the ground running and take small stakes in firms just like they do in Norway.
“There will also be extra investment for companies if they venture into riskier locations that haven’t yet been drilled.
“It’s the fastest way for jobs, growth and lower bills. It will be taxpayers then who can share in the profits.”
Energy Secretary Ed Miliband’s bid to reach Net Zero emissions by 2050 has blocked the issuing of new licences.
Instead, a host of green levies have been added to bills to support solar, wind and renewable projects.
But Mr Trump said yesterday that new North Sea drilling would see energy costs in the UK come “way down”.
He stated that the Government should halt the installation of expensive and unattractive wind turbines and instead promote updated methods of oil and gas extraction. He further mentioned that the current tax system discourages modern drilling practices.
