Today comes the news that planning permission has been granted to a £1 billion wildlife destroying green energy project in Swansea bay. This will cost the British consumer vast amounts of money but the political, media and business elite are right behind it. The Swansea bay tidal energy scheme shows the folly and corruption of an elite that has never been more out of touch with the plebs, the punters, you and me. We who pay the bills.
It will cost £1 billion to build the scheme, a massive seawall containing 16 turbines that generate power as the tide goes in and out. Migrating fish, like the ones that the uncles of my daughter catch in the river Tawe will be minced like the birds that are chopped by wind turbines. But it is all in the name of the environment so who cares?
The cost of this scheme and the fact that tidal power is not that er...powerful means that the £1 billion scheme will generate only enough electricity to power 155,000 homes - that is to say 90% of the households in the post industrial welfare slums of Swansea.
But the capital cost and the ongoing cost of maintaining underwater turbines means that for the consortium behind this which includes AIM listed Good Energy (GOOD)