Jeremy Leggett endorses TEQs at Parliamentary launch

Jeremy Leggett, convenor of the UK Industry Taskforce on Peak Oil and Energy Security
(http://peakoiltaskforce.net/ ), speaking at the launch of the All Party Parliamentary Group report into TEQs (Tradable Energy Quotas), House of Commons, 18 January 2011.

His talk was preceded by endorsements from John Hemming MP, Chair of the All Party Parliamentary Group, Shaun Chamberlin, co-author of the report, and Caroline Lucas MP.

For more information about TEQs, including copies of the Parliamentary report and details of all media coverage, see: http://www.teqs.net/report/


Quotes from the video above:

"The Industry Taskforce believes that there will be a descent in global oil production by 2015 at the latest... so we have just a few short years to soften the landing from the third great global energy crisis."

"This is not just a high-consequence issue, but a really high-probability one. It was interesting that the member companies of the Taskforce went into the exercise doing it as a risk-assessment, not all agreeing on probability. But we came out of it not just with consensus but with agreement. We believe there's a real issue here."

"Peak oil isn't a theory, it's an inevitability."

"At some point, the inevitability of a really serious energy crisis is going to dawn on Government, which is where TEQs comes in."

"I personally think that a scheme like this will be an inevitability - there will have to be rationing of energy. To my way of thinking this is outstandingly the most sensible, and crucially, the most equitable scheme for doing that."

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• Shaun Chamberlin
• Tradable Energy Quotas
• TEQs
• David Fleming
• Caroline Lucas
• Jeremy Leggett
• John Hemming
• ITPOES
• Industry Taskforce
• International Energy Agency
• peak oil
• climate change
• APPGOPO
• rationing
• energy
• DTQs
• domestic tradable quotas
• personal carbon allowances
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• Lean Economy Connection
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