This has got to be quite possibly the craziest ‘green’ project ever.
If you wanted a single example of how far all those who aspire to govern us after this election can lose any touch with reality, a good place to begin might be page 56 of the Conservative manifesto. Here, in a section on “Energy”, we are told how the Coalition Government has “unlocked £59 billion of investment” to produce “low carbon” electricity to meet our commitments under Ed Miliband’s Climate Change Act. All the projects listed are, of course, hugely subsidised, to produce power costing us all twice or three times as much as that from conventional power stations. But there at the end is a mention of “the Swansea tidal lagoon”.
I admit that, until recently, I had no more idea what this was about than 99 per cent of the population. But I was struck by the remarkable array of backers this scheme has attracted, from the Prudential insurance company and Ed Davey, our Lib Dem Energy and Climate Change Secretary, to George Osborne in his recent Budget speech, and the BBC, which has been giving it excitable puffs. Read more »