In my head the world narrative is this:

The US had a headstart in the Wind/Solar race, but China and Russia tied the US’s shoelaces by empowering their Oil companies, and China leapt off to an amazing lead in this new global market that they are dominating.

Europe knows who the winner of this race will be, and Germany is trading happily with China. The UK is on the fence with their “special” relationship with the US and the clear energy winner, China.

UK is attempting to bend over backwards for both (a rubbery spine is a must), but the energy/fossil-fuel giants here ultimately know that China is the future and want to get in early on any deals that are being struck: early stock, guaranteed supply contracts, golden parachutes once they bail from oil.

If the government can guarantee them some concessions during this energy pivot with the odd 100 grand here and there, then they can sleep a little better at night