Cleaning Up: Leadership in an Age of Climate Change3 Joulu 2025

Why Does The UK Pay So Much For Cheap-To-Produce Gas? | Ep236: Seb Kennedy

What happens when a nation’s energy security rests on volatile global gas markets? Why does the UK pay market prices for some of the world’s cheapest-to-produce gas? And is now the moment to rethink decades of “leave it to the market” dogma?

This week on Cleaning Up, Baroness Bryony Worthington sits down with Seb Kennedy, energy journalist and founder of Energy Flux, to unpack the turbulent geopolitics of natural gas, the coming LNG glut, and why the UK–Norway relationship sits at the heart of Britain’s energy affordability crisis.

Drawing on their recent joint op-ed, Bryony and Seb explore the UK’s dependence on Norwegian gas, the vast windfalls that have flowed into Norway’s sovereign wealth fund since Russia’s invasion of Ukraine, and whether a new bilateral deal could shield consumers from future price shocks. They examine the structural forces reshaping global gas markets, the rise of speculative trading, and whether electrification will become harder when gas gets cheap.

Leadership Circle:

Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, Alcazar Energy, Davidson Kempner, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation, SDCL and Wärtsilä. For more information on the Leadership Circle, please visit https://www.cleaningup.live.

Discover more:

Read Seb & Bryony’s Op-Ed on Energy Flux: https://www.energyflux.news/uk-norway-gas-trade-time-for-a-new-deal/
Seb’s Energy Flux Podcast: https://www.energyflux.news/tag/podcast/
Michael’s conversation with Carine Ihenecho Smith, Chief Governance and Compliance Officer at Norges Bank Investment Group: https://www.youtube.com/watch?v=H028Vwf7pNM
The UK’s updated plan for the North Sea gas transition: https://www.gov.uk/government/news/north-sea-future-plan-for-fair-managed-and-prosperous-transition
Britain eases opposition to new oil, gas permits, holds firm on taxes | Reuters: https://www.reuters.com/business/energy/uk-government-allows-some-new-oil-gas-fields-holds-firm-taxes-2025-11-26/

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Why Are We Electrifying So Slowly? The Electrification Staircase | Ep256: Adrian Hiel, Silvia Madeddu, William Drake & Thomas Butler

Every single scenario for the future that looks at a cleaner energy system has electrification growing to 60, 70, 80% or more, and yet we don't make rapid progress. Why? One of the reasons we don't ma...

6 Touko 55min

Europe Needs Clean Tech More Than Ever | Ep 255: Thomas Pellerin-Carlin

This week Cleaning Up is back in Brussels, with a deep dive into European energy policy as the continent grapples with the reality of ambitious climate targets, very high energy prices and the vulnera...

29 Huhti 1h 15min

The Era Of Fossil Fuel Unreliability Has Begun | Ep 254: Jennifer Granholm

What happens when global energy supply chains can no longer be trusted? Has the U.S. given up its edge in the clean energy race to China? And can politics keep up with the speed of the energy transiti...

22 Huhti 45min

The Mother of All Energy Crises | Ep253: Fatih Birol

The news agenda this year has been entirely dominated by energy related stories, whether it's the war in Europe being pursued by Russia — formerly Europe's most significant energy provider — the U.S. ...

15 Huhti 27min

⁠Energy Shocks, Inflation & Risk: How a Central Bank Responds to Crisis | Ep252: Pierre Wunsch

How should a central bank respond to energy shocks? Will high oil and gas prices bolster the uptake of renewables? And what is the true cost of net zero 2050? This week on Cleaning Up, host Michael Li...

8 Huhti 1h 7min

Can We Cool The Planet, And Should We Try? | Ep251: Ricken Patel

What happens if we’re underestimating the speed and scale of climate risk? This week on Cleaning Up, Bryony Worthington sits down with Ricken Patel, Principal at Climate Hub & Founder of activist netw...

1 Huhti 1h 7min

Heavy Engineering Solutions for High-Emission Problems | Ep250: Emmanouil Kakaras

This week on Cleaning Up, Michael Liebreich is joined by Emmanouil Kakaras, engineer, academic, and Senior Advisor at Mitsubishi Heavy Industries EMEA, for a grounded, technical conversation about the...

25 Maalis 1h 10min

Can We Stop Data Centres Breaking The Grid? Ep249: Varun Sivaram & Steve Smith

This week on Cleaning Up, host Michael Liebreich sits down with Varun Sivaram and Steve Smith to explore one of the most urgent, and overlooked, challenges of the AI revolution: how to power it withou...

19 Maalis 1h 6min