A bold suggestion by former Tory Leader Sir John Major can either be a headache or an opportunity for Chancellor George Osborne. The challenge of popular policy thrown by former conservative Prime Minister to Chancellor Osborne could turn into his advantage by subtle pressure on energy companies which could increase David Cameron’s government popularity.
As the European Union agreed today to step up the pressure on Iran through another ubstantial package of sanctions, the Prime Minister David Cameron will tonight tell an influential gathering of the Jewish community that we need the courage to give these sanctions time to work while making clear that in the long term, if Iran does not address the concerns of the international community, nothing is off the table.
A government draft energy bill published today, lays out plans aimed to guarantee prices for low-carbon electricity and pay producers for providing back-up supply when wind power falls short, according to the Department of Energy and Climate Change. DECC. It’s aimed at securing commitments from utilities to fund new atomic reactors and clean-power projects, curbing reliance on gas-fed plants. As the plan invites private sector to invest in building a new generation of nuclear power plants.
While the price of natural gas has been its lowest for many years in North America, thanks to technology known as fracking, which extracts gas trapped deep in the rocks, British energy consumers are paying one of the highest prices in Europe thanks to the madness of coalition government obsession with green energy targets that makes little economic sense. The news that Shale gas fracking operations should be allowed to resume in the Britain as long as “robust” measures are adopted to safeguard against future risks according to recommendation by an independent report had two contrasting receptions in two different camps.