> A major right-wing political funder has dramatically increased his fossil fuel investments this year, DeSmog can reveal.
> Jeremy Hosking, who owns the hedge fund Hosking Partners, donated £1.7 million to Reform UK between 2019 and 2024. The party, led by Nigel Farage, campaigns to scrap the UK’s flagship 2050 net zero emissions target, remove environmental protections, and turbocharge new fossil fuel extraction.
> Hosking also owns The Critic magazine, which frequently attacks climate policies and supports new North Sea oil and gas exploration. Its current edition carries a cover story titled “The Green Myth: Fossil Fuels are Britain’s Real Energy Source”.
...
> Its current cover story is written by contributing editor Chris Bayliss, who argues that renewable energy is unreliable and expensive. In a follow-up piece online, he blames “elite” support for net zero on “climate hysteria”.
> Bayliss is a former civil servant who works in the energy sector in Iraq. He’s the Iraq Country Lead for IM Power, which runs liquefied natural gas (LNG), oil and coal power plants, offers “oil and gas refining, storage and pipeline solutions”, and works to “maximise value from hydrocarbon resources
No, I'm hereby banning you from reading obviously biased sources of partisan information that has been repeatedly proven false by logic, reason and experience.
See, this is where logic and experience would have helped.
Would burning more expensive gas during a gas price crisis have helped?
No, UCL research suggests that wind power saved over 100 billion (this is net of 45 billion in subsidies) from 2010 to 2023! And it continues to do so.
And that's after it got effectively banned from being built onshore for a decade in England, costing many billions more.
(Though, the world got lucky here as the CfD mechanism helped prove offshore wind was feasible, another British success story).
https://www.desmog.com/2026/04/28/reform-donor-jeremy-hoskin...
> A major right-wing political funder has dramatically increased his fossil fuel investments this year, DeSmog can reveal.
> Jeremy Hosking, who owns the hedge fund Hosking Partners, donated £1.7 million to Reform UK between 2019 and 2024. The party, led by Nigel Farage, campaigns to scrap the UK’s flagship 2050 net zero emissions target, remove environmental protections, and turbocharge new fossil fuel extraction.
> Hosking also owns The Critic magazine, which frequently attacks climate policies and supports new North Sea oil and gas exploration. Its current edition carries a cover story titled “The Green Myth: Fossil Fuels are Britain’s Real Energy Source”.
...
> Its current cover story is written by contributing editor Chris Bayliss, who argues that renewable energy is unreliable and expensive. In a follow-up piece online, he blames “elite” support for net zero on “climate hysteria”.
> Bayliss is a former civil servant who works in the energy sector in Iraq. He’s the Iraq Country Lead for IM Power, which runs liquefied natural gas (LNG), oil and coal power plants, offers “oil and gas refining, storage and pipeline solutions”, and works to “maximise value from hydrocarbon resources