At a moment when energy security has reasserted itself as a first-order geopolitical concern, Britain finds itself pursuing a policy that can only be described as wilfully self-harming. The refusal by Ed Miliband to open new North Sea licences, combined with Rachel Reeves’ continued reliance on the Energy Profits Levy, amounts not to a coherent transition strategy, but to a form of ideological political vandalism.
Today we are publishing an in-depth conversation with Sir Jim Ratcliffe Chairman and Founder of INEOS and Brian Gilvary Chairman of INEOS Energy, previously CFO BP, on the global energy landscape amid geopolitical disruption. Filmed during the early stages of the Iran conflict, the discussion explores the impact of constrained oil and gas supply on prices, inflation, and global markets. The interview also examines the shifting balance between the US and Europe in energy investment, the challenges of regulation and energy security, and the future role of fossil fuels, renewables, and emerging technologies. Insightful and candid, this film offers a rare look at how industry leaders view the forces shaping the world’s energy future.