• Green Britain May Re-Nationalise Uncompetitive Steel Industry

    • Date: 11/04/16
    • Jim Pickard and Michael Pooler, Financial Times

    Sajid Javid, the business secretary, opened up the possibility of a part-nationalisation of Port Talbot steelworks after offering to co-invest with a buyer “on commercial terms”. Mr Javid has previously ruled out full nationalisation of the business but his comments signal the potential for the government to take a stake in the industry, which has […]

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  • Britain’s High Energy Prices May Kill Port Talbot Rescue Plan

    • Date: 11/04/16
    • Kiran Stacey and Michael Pooler, Financial Times

    The issue of high energy prices is “the main hurdle in this whole equation” of how to save Port Talbot, Mr Gupta told the Financial Times. Port Talbot steel plant Sanjeev Gupta’s plan to rescue the Port Talbot steelworks in south Wales by ripping out and replacing its blast furnaces would leave it twice as exposed to […]

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  • Another Green Mega-Flop: £2 Billion Wasted On ‘Failure Of Catastrophic Proportions’

    • Date: 11/04/16
    • Martin Delgado, The Mail on Sunday

    It was hailed as an environmentally friendly way of disposing of thousands of tons of household waste. But only nine years after a £2 billion private finance initiative (PFI) contract was signed, two of Britain’s biggest recycling plants are set to close, leaving more than 250 workers facing redundancy. The closure of the facilities in […]

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  • Gupta: No Future For UK Steel If Energy Prices Don’t Come Down

    • Date: 10/04/16
    • Alan Tovey, The Sunday Telegraph

    The man touted as the most likely saviour of Tata’s loss-making UK steel empire has threatened to walk away from a potential deal if the Government fails to meet his terms. Sanjeev Gupta, the only prospective buyer to come forward to take on Tata’s strip steel business, has said he is “not married” to a […]

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  • Lights Go Out On Solar Power After British Government Cuts Subsidies

    • Date: 09/04/16
    • Joe Mellor, The London Economic

    The amount of household solar power capacity installed in the past two months has plummeted by three quarters following the government’s cuts to subsidies, according to new figures. A fall in solar power was expected following a 65% reduction in government incentives paid to householders, but the size of the drop-off will dismay green campaigners […]

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  • France Casts Fresh Doubt Over Britain’s Decarbonisation Agenda

    • Date: 08/04/16
    • Adam Sage, Paris | Robin Pagnamenta, Energy Editor | Sam Coates, Deputy Political Editor

    French plans to build an £18 billion nuclear plant in Britain have been thrown into doubt after one of France’s most senior ministers raised concerns over costs and suggested that it should be delayed. <img class=”Media-img” src=”//www.thetimes.co.uk/imageserver/image/methode%2Ftimes%2Fprod%2Fweb%2Fbin%2F84f1f9fe-fd0b-11e5-bf70-d6488fda9ae5.jpg?crop=1440,810,0,75&resize=320,” alt=””>Final approval for Hinkley Point had been expected next month, but the French government may yet order the […]

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  • Steelworkers Can Blame Climate Hysteria And EU Failures For Their Plight, Says Welsh MP

    • Date: 07/04/16
    • Christopher Gage, Abergavenny Chronicle

    Desperate Welsh steelworkers can point to climate change ‘hysteria’ and EU ‘failures’ for their plight, according to Monmouth MP David Davies. The Conservative said news Indian firm Tata Steel planned to sell the loss-making plants at Port Talbot and Llanwern came on a ‘black day’ for Wales, but avoidable if governments took action to slash […]

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  • Biggest Hurdle To Save UK Steel Industry Is High Cost Of Energy, Gupta Warns

    • Date: 07/04/16
    • South Wales Argus

    The high cost of energy in the UK must be addressed for the steel industry to be saved, the businessman considering buying the under-threat Tata Steel plants in Newport and elsewhere has said. After Tata announced last week it would sell its entire UK operation, putting tens of thousands of jobs at risk, head of […]

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