• George Osborne: Climate Change? What Climate Change?

    • Date: 17/03/16
    • Alex Morales, Bloomberg

    U.K. Chancellor of the Exchequer George Osborne’s statement on Wednesday that his new budget “puts the next generation first” isn’t enough to protect subsequent generations from the consequences of climate change, critics said. Just three months after the U.K. joined 195 other countries in a climate deal in a bid to restrain rising global temperatures […]

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  • EDF Won’t Build Nuclear Power Plant Without Further State Funding

    • Date: 12/03/16
    • Michael Stothard and Kiran Stacey , Financial Times

    EDF will not go ahead with the contentious £18bn Hinkley Point C nuclear project in the UK unless it wins further financial support from the French government, according to a leaked letter by the utility’s chief executive. Jean-Bernard Lévy, who has come under fire this week for pressing ahead with the project, said in the […]

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  • Expensive Hinkley Deal ‘Will Kill British Manufacturing’

    • Date: 12/03/16
    • Robin Pagnamenta, The Times

    A leading industrialist has attacked the deal to build an £18 billion nuclear plant at Hinkley Point in Somerset as outrageously expensive and warned that it will kill British manufacturing. Jim Ratcliffe, the founder of Ineos, a chemicals company that is one of the UK’s biggest electricity users, said that a subsidy deal agreed by […]

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  • Britain’s Nuclear Energy Farce Worsens

    • Date: 10/03/16
    • Marcus Leroux, The Times

    EDF has been warned that going ahead with its vastly expensive Hinkley Point project will tip it towards a downgrading of its credit rating. This would raise the cost of financing the £18 billion that the company needs to build the world’s most expensive nuclear reactor. Moody’s, the credit rating agency that put EDF on […]

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  • Ed Davey Who Struck ‘Worst Ever’ Deal With EDF Now Works For EDF Lobbying Firm

    • Date: 08/03/16
    • Matt Dathan, Daily Mail

    The minister who struck a deal to guarantee the French firm EDF would be paid nearly three times the present wholesale price of electricity to build the Hinkley Point nuclear power station now works for a lobbying firm that advises the energy company. Prime Minister David Cameron, centre, is said to have made big concessions […]

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  • Britain’s Energy Policy In Doubt As EDF Finance Director Resigns

    • Date: 07/03/16
    • Francois De Beaupuy , Bloomberg

    Electricite de France SA Chief Financial Officer Thomas Piquemal resigned last week, the nuclear-plant operator said in a statement. Piquemal quit after expressing concern that a final investment decision on the U.K. Hinkley Point reactor project could be announced as early as April, a move he said might jeopardize EDF’s financial situation, people with knowledge […]

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  • It’s All Over: Britain Abolishes Subsidies For Solar Thermal

    • Date: 04/03/16
    • Robin Pagnamenta, The Times

    Families who fit solar panels on their roof to heat water will no longer receive subsidies under plans announced by the government. About 230,000 households in the UK have fitted solar thermal equipment on their homes which directly heats up water for central heating, baths and showers, according to the Solar Trade Association (STA). However, […]

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  • High UK Energy Costs Could Force Steel Work Overseas, Warns Company

    • Date: 03/03/16
    • Ben Glaze, The Mirror

    A steel firm is threatening to move key equipment and jobs abroad – blaming Britain’s sky-high energy costs. The owners of Liberty Steel could shift production to India or the US – depriving the UK of up to 3,000 jobs, including a thousand highly-skilled posts in the struggling sector . The Gupta Family Group wants […]

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