Osborne tries to stall UK renewables to ensure investment in gas.

July 19, 2012 Clean Energy, Finance, Gas 

FT: “George Osborne is blocking a new subsidy regime for renewable energy, as he fights a coalition battle with the Liberal Democrats to ensure gas remains central to Britain’s future power needs.” “The chancellor fears overgenerous support for wind power and other renewable sources will deter investment in gas-fired power stations, which he believes offer businesses and consumers the prospect of lower bills in future.”

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