Geopolitical risks create uncertainty in energy markets as reliability is questioned, pushing up prices and creating resistance to climate change goals.
Fifty-three Conservatives opposed the tiering plan last December, the largest Covid-related rebellion to date.
Most of the action has been over Covid-related divisions. And most of the dissenters are from older intakes.
In an industry where contracts last decades and companies make R&D decisions with a long-term view, a multi-year funding settlement is vital.
That’s the biggest Tory revolt so far on a virus-related division, and enough potentially to defeat the Government in future.
These are early shots in the developing Tory backbench campaign against the restrictions, which are set to gain volume and velocity.
This isn’t just a green issue: cruel animal exploitation is seriously increasing the risk of future diseases jumping the species gap.
As with Brexit, much of the Tory family finds itself pitted against the permanent State on how Britain aligns itself in the world.
They included seven former Cabinet Ministers, the Chairman of the Foreign Affairs Select Committee and the Chairman of the 1922 Executive Committee.
Mostly ERG-aligned Leavers – but roughly ten former Remainers, a core of whom now back a second referendum.
We understand that 88 other Tory backbenchers didn’t vote on it, including Boris Johnson, Dominic Raab and Jacob Rees-Mogg.
We currently have it at 189 declared for May, versus the 31 publicly opposed, and 93 undeclared.
The Prime Minister’s followers today decided to stop concealing their misgivings.
“I have a response to the naysayers who say that it would be wrong to invest now. I say that it would be wrong to wait until the last moment.”