Ross Clark

Ross Clark

Ross Clark is a leader writer and columnist who has written for The Spectator for three decades. He writes on Substack, at Ross on Why?

Is the Hinkley C nuclear power station the most expensive object ever built in Britain?

We might not have much of a coherent energy policy, but we do at least have the honour of breaking the record for the most expensive object ever built. According to Peter Atherton of Liberum Capital, speaking at the Spectator Energy Forum, the cost of Hinkley C nuclear power station, Britain’s first nuclear power plant in 30 years, to be built in Somerset by French power giant EDF, is now up to £24 billion. ‘I’ve looked online to see if there was a more expensive object ever built but I couldn’t find one’ says Atherton. ‘The most expensive bridge was something like £6 billion and the most expensive building something like £5 billion.

Why Vladimir Putin’s threats about cutting off Europe’s gas supply are all bluff

Has the West found a secret new weapon in its battle with Putin’s expansionist ambitions: reversible gas pipelines? Putin has never made a secret of his willingness to use energy as bludgeon against his neighbours. In 1999, the year before he became Russian leader, he wrote a pamphlet making the case that energy exports provided the means by which his country’s greatness could be restored. Putin’s behaviour over Ukraine has been typical. Over the past 15 years Russia has constructed a network of pipelines which can be used to bypass Ukraine. Starve Ukraine of energy, goes Putin’s thinking, and it might be forced back into Russia’s fold.

Why aren’t fracking companies drilling offshore, rather than on land?

The city of Denton, Texas, doesn’t often make the news, but last month it did: it became the first city in the US – by a margin of 59 per cent to 41 per cent – to vote to ban fracking. Is the US love affair with shale ending? The industry has not been its own best friend, James Ball, special advisor to Tachebois Ltd, told the Spectator Energy Forum this morning. He asked the audience – made up of a large number of professionals from the oil and gas industry – how many had watched Gasland, the US documentary by Josh Fox which helped to form negative public view of the industry. None had. ‘See, that’s problem,’ he said.

How the US shale gas industry has changed the global economy

The year 2014 will be remembered for an unprecedented juxtaposition of events. Two oil-producing countries in the Middle East were in a state of crisis. Relations between the West and Russia slumped to a new Cold War low. And oil prices have slumped, to $66 a barrel for Brent Crude this morning, half its recent peak. This didn’t used to happen. The modern history of oil prices is characterised by a series of spikes, each one coinciding with a crisis in the Middle East. It is a mark of how US shale gas and oil production has changed the oil market – and thus the prospects for the global economy. Never has a theory collapsed so quickly as Peak Oil, the idea that fossil fuel prices would rise inexorably as supply failed to keep track of demand.

Why don’t we hear about the beneficial side of climate change?

Two headlines on successive days speak volumes about the scaremongering which is endemic in the way in which learned bodies disseminate information on climate science. Yesterday, the Royal Society published a report, Resilience to Extreme Weather, predicting that by 2090 four billion people around the world each year will be subjected to heatwave events, with dire consequences for the health of older people. This morning, the Office of National Statistics published its latest figures on ‘excess winter deaths’. They show that last winter there were 18,200 more deaths between December and February than would be expected during the three summer months. Dramatic though this sounds, it is the lowest recorded in 65 years.

London’s real Olympic legacy: paying to build the stadium twice

In 2006, on the day that the government’s estimated cost for the 2012 Olympics was jacked up from £2.75 billion to £4.25 billion, I promised to eat my hat on the steps of the Olympic stadium if the bill came to less than £10 billion. Although the official figure now stands at a mere £8.92 billion, it is a feast I am going to postpone, because we haven’t heard the last of Olympic overspending. Two weeks ago, the London Legacy Development Corporation announced that the value of the contract with Balfour Beatty to convert the stadium for use by West Ham Football Club is to be increased from £154 million to £189.9 million. The new roof, it explained, is proving to be more complex than had at first been realised.

My investment secret: be as boring as you can

Have a read of the following list and see if you can guess its significance: lubricants, iron ore, steel, oil, pharmaceuticals, ships, telecoms, food packaging, oil, property. With the exception of telecoms and property, and perhaps pharmaceuticals, are they just boring, old, dirty industries which are part of Britain’s industrial heritage but play a declining part in our dynamic, 21st-century service-based economy? In fact they are, in order, the principal business interests of the British residents who occupied the top ten places in this year’s Sunday Times Rich List. It is little surprise that there is only one representative from the aristrocacy: the Duke of Westminster, at number ten.

A new way over the wall

Want your sprog to be toughened up on the playing fields of Eton but can’t afford the fees? From September there is an intriguing alternative. You can send him instead to Holyport College, a free school which is opening in the shell of an old special school six miles away. Though the chairman of governors, Simon Dudley, insists his new school is not ‘Eton Lite’, the website offers more than a hint that here is an opportunity to obtain an Eton-standard education for a third of the price, if your child boards, or nothing at all if he doesn’t. ‘Eton College is our sole educational sponsor,’ reads the blurb, ‘and therefore brings its educational and pastoral expertise to Holyport College.

The rise of crowd culture – a generation scared to do anything alone

[audioplayer src="http://traffic.libsyn.com/spectator/TheViewFrom22_31_July_2014_v4.mp3" title="Ross Clark and Lara Prendergast discuss the demise of individualism"] Listen [/audioplayer]Hell, as one of Jean-Paul Sartre’s characters said, is other people. Unless, that is, you happen to be British and born after about 1980, in which case hell is the opposite: being alone for more than about five minutes. As for the absolute pit, the eighth circle or however else you describe the geography of Beelzebub’s kingdom, that is being left alone without a 3G mobile phone signal. Of all changes in British life over the past generation, nothing has been quite so as stark as the strange death of individualism.

Why does the army still refuse to see any wrong in the execution of soldiers during WWI?

Will the military ever see any wrong in the execution of 306 soldiers for cowardice and desertion in World War One? I ask only because I have tried and failed to stage a new musical drama on the subject in a military museum. The Imperial War Museum said straight away that it had organised its own programme of events, but the events directors at the National Army Museum and the Royal Artillery Museum in Woolwich initially showed enthusiasm. They invited in the director and I to see what spaces were available. We discussed whether we would pay a hire charge or enter a revenue-sharing agreement where we paid the museum so much for every ticket.

Will Artificial Intelligence put my job at risk?

I used to feel smug when plumbers, bricklayers and the like used to complain of Eastern European migrants coming over here and taking their work. They might be able to replace a ballcock and lay a line of bricks but the one thing these Poles won’t be able to do, unless they happen to be Joseph Conrad, is write good English. My job would be safe. But there was a great big hole in my thinking: I hadn’t reckoned on artificial intelligence. What happens – as it will do any day now – when the editor of the Spectator receives a salesman, or even a sales robot, peddling a device which cuts his contributors’ bill down to next to nothing?

Investment special: Sell your Ferraris

Here is a paradox. Study the photographs of the flats and houses being sold in London’s prime property boom and you see one minimalist interior after another. The huge, empty sweeps of marble and limestone, broken only by a solitary painting, might give you the impression that it is fashionable to declutter your life. One can imagine one of those H.M. Bateman cartoons portraying the shock and horror generated by the man who placed an ornament on his mantelpiece. Why, then, if we are so keen to get rid of all the clutter, has the price of luxury goods mushroomed over the past decade? Chinese ceramics, the collectable sort, that is — are up 83 per cent, jewellery up 146 per cent, art up 183 per cent.

The equal pay bomb that could wipe out public sector jobs

I have just decided that my work is of equal value to that of the feminist supermodel Cameron Russell. Neither of us, admittedly, is quite as useful as a plumber, and I can’t claim to be of much use promoting swimwear. But otherwise I reckon we are a pretty close match. We both tart ourselves around and while my work doesn’t involve a lot of physical input, I would like to think that it requires a slightly higher contribution from the brain department. There then arises the question: should I not be paid as much as she is? Ludicrous? Perhaps, but no more so, I think, than what is going on in Birmingham, where council taxpayers are facing a £1 billion bill for a mass equal pay claim on the part of 11,000 female staff.

Ukraine reinforces the case for a wider but shallower EU

With Ukip heading for possible victory in the European elections and anti-EU fervour growing across the continent, it is hard to imagine a country where people are so desperate to join the EU that they are prepared to take on water canon in order to make their point. But that country is Ukraine. The violence which has been brewing for weeks and which erupted yesterday has its source in many tensions in the country, but one issue defines the two sides: protesters who are looking westwards towards EU membership and a government which rejects this and looks eastwards towards Russia.

Who is behind the ship of fools?

As Chris Turney and his colleagues make their way home from their failed adventure, the next question is: who is going to be paying for their folly?  It certainly isn’t the general public. The efforts by Turney and his co-leader Chris Fogwill to crowd-fund money have been an embarrassing failure. They were seeking to raise $49,000 in this way – a small fraction of the $1.5 million overall costs – but they managed to raise a mere $1,000 from 22 people. Not even the promise of a signed copy of Turney’s book, 1912: the year the World Discovered Antarctica was enough to tempt donors into action: not a single one chose to receive the book. British taxpayers, needless to say, have dipped in their toes.

The moral of the Antarctic ship of fools: never treat a scientific debate as if it is closed

My tweet yesterday – 'all saved from the ship of fools' – has turned out to be premature. The havoc created by Professor Chris Turney’s Antarctic expedition  has since increased.  The Xue Long, the Chinese ship which provided the helicopter to airlift Turney and his colleagues from the Akademik Shokalskiy to the Aurora Australis, has itself now become stuck in ice. Meanwhile 22 Russian crew remain aboard the Shokalskiy. Both ships are stronger than the Endurance, Shackleton’s ship whose timbers were crushed in similar circumstances in 1915, prompting his famous voyage and trek to the whaling station on South Georgia, but both ships remain in danger from further movements of the ice.

The climate change trip stuck in ice

My favourite quote of the season comes from Tracy Rogers, a marine ecologist who sometime today will be winched from the research vessel the Akademik Shokalskiy and rescued by helicopter.  ‘I love it when the ice wins and we don’t,’ she says. ‘It reminds you that as humans we don’t control everything and that the natural world is the winner here.’ The unintended irony is delicious. If the winner of the fiasco which has been developing in the Antarctic over the past two weeks is the natural world there is little disguising who the losers are, even if, as I suspect, Tracy Rogers can’t quite see it.

The Climate Change Act will do untold damage to British industry

'A very good deal for Britain,' is how Ed Davey described the contract with EDF and Chinese backers to build a new nuclear power station at Hinkley Point in Somerset, when it was signed back in October. Yesterday, it became clear just how wrong the energy secretary was when Ineos chief Jim Ratcliffe revealed on the BBC that his company has just agreed a similar deal to build a nuclear plant in France – but at a strike price of 45 Euros (£37.94) per MWh rather than the £92.50 per MWh which the government committed the consumer to paying for energy from Hinkley Point. Think of the very worse PFI deal signed under Labour and multiply it: the consumer will still be paying that hugely inflated strike price 35 years after the plant opens in 2023.

Ed Davey’s energy policy claims another victim

At last week’s Spectator energy conference Michael Fallon appeared to steer government policy away from green ideology and in a more business and consumer-friendly direction.   But there was to  be a nasty sting in the tail.   Shortly afterwards Ed Davey's Department for Energy and Climate Change  changed the rules on something called Final Investment Decision (FID) enabling.   The direct result is that the UK could lose a Yorkshire power station which is responsible for generating 4% of the country’s electricity.    Given that the reserve margin between maximum generating output and peak demand is projected to fall to just 2 per cent in the winter of 2015/16, we are back under the threat of blackouts.