Osborne speech emphasises government’s support for fossil-fuels industry.

August 7, 2012 Coal, Gas, Oil 

After a speech by Nick Clegg a few days ago asserting that the coalition is not split on clean energy, George Osborne will send a different message today. The FT reports “Mr Osborne will cite a new £500m tax break for shallow-water gas fields – made a fortnight ago – as evidence of the government’s support for the fossil fuels industry. That announcement prompted Centrica and GDF Suez to pledge to open up a big new North Sea gas field, Cygnus. The chancellor will say that Cygnus will create 300 engineering jobs in Hartlepool and Fife.”

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