• UK Government To Flog Off Green Investment Bank

    • Date: 21/02/17
    • Financial Review

    The UK government is poised to approve Macquarie’s controversial £2 billion ($3.2 billion) bid for Green Investment Bank Green Investment Bank, despite vocal opposition to the sale from some Scottish and Labour MPs, as first reported by Street Talk on Sunday. According to sources familiar with the long-running privatisation, British government officials have told Macquarie […]

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  • Trade Union Rebukes Scottish Labour Party Over Fracking Stance

    • Date: 21/02/17
    • Hamish Macdonell, The Times

    Kezia Dugdale has been dealt an embarrassing rebuke over fracking by one of her party’s biggest union supporters. In a detailed criticism of her outright opposition to fracking, the GMB union accused the Scottish Labour leader of chasing votes rather than jobs. It declared that had Labour’s nervous approach to fracking been in place 50 […]

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  • New Nuclear Power Plants In Doubt As UK Govt Demands Price Cuts

    • Date: 16/02/17
    • Andrew Ward, Financial Times

    Companies vying to build nuclear power stations in the UK have been told they must offer a price for their electricity sharply lower than that approved for the Hinkley Point plant last year, raising further questions about the viability of Britain’s plans for a new generation of reactors. Government officials have indicated that future projects […]

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  • Britain’s Energy Policy Thrown Into Disarray As Toshiba Faces Bankruptcy

    • Date: 15/02/17
    • Rachel Millard, Daily Mail

    Britain’s nuclear power plans were thrown into chaos last night as problems escalated at Japanese company Toshiba. It marks the latest setback to the Government’s plans to reduce carbon emissions and keep the lights on. The corporate giant owns a 60 per cent stake in the planned NuGen power plant in Cumbria that is supposed to […]

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  • Green Energy Policies Blamed For Price Rises

    • Date: 12/02/17
    • Nathalie Thomas, Financial Times

    UK households face a 42 per cent rise in the amount they pay to support government green energy initiatives, according to an analysis by one of the UK’s big independent power suppliers. Consumers help fund the provision of smart meters that reduce electricity use and subsidy schemes to encourage low carbon technology through their energy […]

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  • Energy Bills To Rise After Cost Of Green Schemes Were ‘Underestimated’

    • Date: 08/02/17
    • Sky News

    Households will face higher energy bills because officials have “significantly underestimated” the cost of green energy schemes. As a result, the typical household energy bill is likely to be around £110 higher in 2020 – £17 more than expected, according to the Commons Public Accounts Committee. They said officials had “failed to prepare properly” for […]

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  • Cambridge University Clashes With Own Academics Over Climate Change

    • Date: 05/02/17
    • Attracta Mooney, Financial Times

    University executive refuses to implement governing body’s carbon divestment motion The University of Cambridge has become embroiled in an internal battle after executives at the UK’s richest educational institution clashed with academics over proposals to divest from fossil fuels. Last month the university’s governing body, which is made up of senior academic and administrative staff […]

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  • Gas And Coal Power Plants Receive Huge Payments To Keep The Lights On

    • Date: 04/02/17
    • Andrew Ward, Financial Times

    Coal-fired power generators were among the winners of contracts worth £378m to generate electricity next winter, highlighting the tension between government efforts to reduce carbon emissions and the need for energy security. Gas-fired power stations secured the biggest share of contracts — almost 40 per cent — in the capacity auction held by National Grid, […]

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