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  • #AceNewsGroup 13:36 on January 14, 2014 Permalink
    Tags: , , , , , , ,   

    “Nuclear talks with Iran postponed to Feb. 8 – IAEA” 


    #AceWorldNews says UN nuclear watchdog, the International Atomic Energy Agency, said Tuesday that a planned meeting with Iran next week had been postponed to February 8, without giving a reason, Reuters reported. The IAEA wants Iran to address allegations that it has researched how to develop nuclear bombs. Tehran says the nuclear program is entirely peaceful. In November, Iran and the IAEA agreed a cooperation pact, and six initial steps include access to two nuclear-related facilities and the provision of information.

     
  • #AceNewsGroup 17:17 on January 13, 2014 Permalink
    Tags: , , , , , , , , , Local government in England, , Roger Helmer, Tom Greatrex   

    #Fracking : Cameron Ignores Plea’s from “People About Environment and Health” and Bribe’s Council’s” 


    #AceNewsServices says according to the latest UK #Fracking news from the BBC also with Video

    Councils that back #fracking will get to keep more money in tax revenue, David Cameron has said as he urged opponents to “get on board”.

    The prime minister said English local authorities would receive all the business rates collected from shale gas schemes – rather than the usual 50%.

    In a visit to a Lincolnshire fracking site, he predicted the process could support 74,000 jobs and reduce bills.

    Against fracking 01

    Against fracking 01 (Photo credit: Bosc d’Anjou)

    But Greenpeace accused ministers of trying to “bribe councils”.

    Mr Cameron’s announcement on business rates came as French company Total confirmed plans to invest about £30m to help drill two exploratory wells in Lincolnshire. It is the first major energy firm to invest in fracking in the UK.

    The British Geological Survey estimates there may be 1,300 trillion cubic feet of shale gas present in the north of England.

    But the process to extract it – called fracking, which is short for “hydraulic fracturing” – has led to protests, with environmentalists fearing the technique could cause small earth tremors, water contamination and environmental damage.

    On Monday protesters at the Barton Moss fracking facility in Greater Manchester climbed on to lorries entering the site.

    But Mr Cameron argued that the UK had the “strongest environmental controls” and pledged: “Nothing would go ahead if there were environmental dangers.

    “Shale is important for our country,” he continued. “It could bring 74,000 jobs, over £3 billion of investment, give us cheaper energy for the future, and increase our energy security.

    “I want us to get on board this change that is doing so much good and bringing so much benefit to North America. I want us to benefit from it here as well.”

    Infographic showing shale gas extraction

    Fracking involve’s drilling deep underground and releasing a high-pressure mix of water, sand and chemicals to crack rocks and release gas stored inside.

    Whitehall officials said the business rates commitment would mean councils keeping up to £1.7m extra a year from each fracking site.

    Separately, the mining industry has pledged to give communities £100,000 for test drilling and a further 1% of the revenues if shale is discovered, they added.

    Energy minister Michael Fallon said councils could benefit by up to “£10 million per well-head” if shale gas was successfully extracted in their communities, through the 1% levy on revenues.

    “How fracking recovers natural gas from shale”

    The Local Government Association, which represents councils in England, said the announcement was a “step in the right direction” but any packages had to “fairly remunerate” those affected.

    “Start Quote

    This is a naked attempt by the government to bribe hard-pressed councils into accepting fracking in their area.”

    According to Lawrence Carter of Greenpeace

    “One percent of gross revenues distributed locally is not good enough; returns should be more in line with payments across the rest of the world and be set at 10%,” a spokesman said. “The community benefits of fracking should be enshrined in law, so companies cannot withdraw them to the detriment of local people.”

    Responding to the LGA’s call for 10% of revenues, Mr Fallon said: “This is something obviously the industry will keep under review.”

    For Labour, shadow energy minister Tom Greatrex said it was right for communities to share in the potential rewards from shale gas, but he called on the government to “get its priorities right”.

    “Only by fully addressing legitimate environmental and safety concerns about fracking with robust regulation and comprehensive monitoring will people have confidence that the exploration and possible extraction of shale gas is a safe and reliable source that can contribute to the UK’s energy mix,” he said.

    Friends of the Earth’s Jane Thomas argued that the new policy “highlights the depth of local opposition to fracking and the desperate lengths ministers are prepared to go to try to overcome it”.

    ‘New North Sea’

    Lawrence Carter of Greenpeace added: “Having had their claims that fracking will bring down energy bills and create jobs thoroughly discredited, the government is now resorting to straight up bribery to sell their deeply unpopular fracking policy.”

    St Anna's Road siteThe “fracking” technique to extract shale gas has proved controversial

    The Institute of Directors welcomed the move on business rates, with chief economist James Sproule arguing: “Investment from Total is a vote of long-term confidence in the UK shale industry, and is a welcome sign that the government is creating the conditions necessary to maximise the potential benefits of a new domestic energy source.

    UKIP energy spokesman Roger Helmer warned  that “all the financial benefits [of fracking] could be swallowed up by bureaucracy” and urged the government to create a sovereign wealth fund so that  fracking  profits “would ensure financial security for future generations”.

    Map showing areas of the UK licensed for oil and gas exploration and areas under consideration for licensing

     

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  • #AceNewsGroup 11:12 on January 5, 2014 Permalink
    Tags: , , , , kind support, , , ,   

    #AceNewsGroup says to All its Readers “Thank You for 1000 Likes on Our Posts” 


    WP Like Button#AceNewsGroup says today marks another milestone for our group and it is all thanks to you the readers kind support and all your likes, as we have reached 1000 and we could not do it without your support.

    So all l can say is a great big thank you from the Ace News GroupThanks in all languages   

     

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  • #AceNewsGroup 15:26 on December 19, 2013 Permalink
    Tags: , , , Balcombe, , , Cuadrilla Resources, , , , , , , , Nicholas Boles, , Salford Greater Manchester, , ,   

    UK Government: Changing Law So #Fracking “Could be Carried out Under People’s Home’s Without Need to Notify Owners” 


    #AceNewsServices says according to the latest from RT that Hydraulic fracturing may soon take place under thousands of homes across the United Kingdom without their owners’ knowledge. Based on a proposed law change the burden of notifying home-owners will be lifted from energy companies, the Guardian reports.

    Planning Minister Nick Boles said a change in UK law will allow gas companies to put in drilling applications without notifying those in the area whose property could be affected, the Guardian reported. Companies will instead have to post notices in local newspapers and erect site displays in local parishes.

    #SayNo2Fracking

    #SayNo2Fracking

    Many opposed to #fracking cite potential health risks, air pollution and water contamination, as well as possible earthquakes. Nevertheless, the government portrayed alerting all those possibly impacted by localized #fracking as too much of a burden for companies to weather.

    It would require a “disproportionately large number of individuals and businesses” to receive notice, said Boles in a statement to MPs.

    Hydraulic fracturing, or #fracking, is the highly controversial process of injecting water, sand and various chemicals into layers of rock in hopes of releasing oil and gas deep underground. Because it takes place far below ground, the gas companies themselves may not understand exactly where they are drilling.

    “The associated underground extraction takes place very deep below the Earth’s surface, over a wide geographical area,” Boles said. “As a result, it is often not possible to identify the exact route of any lateral drilling.”

    Without the changes to the secondary legislation, the widely drawn area on planning applications for onshore oil and gas projects would require the notification of a disproportionately large number of individuals and businesses. This would be unnecessarily excessive when other forms of complimentary notification exist.”

    Ministers have dismissed any safety or environmental concerns posed by #fracking, instead touting the economic benefits while saying any drilling will be done responsibly. Other MPs are nervous about the new edict, The Guardian reported, based on high-profile protests in areas where drilling has been proposed.

    On Tuesday the Conservative-led government issued a 49-page energy roadmap outlining ways in which oil and natural gas, including shale deposits, could be exploited in the country.

    Britain’s Department of Energy and Climate Change identified new areas across the UK thought to hold rich, untapped stores of shale gas, The Daily Telegraph reported. As part of a new initiative by Westminster, these areas may become subject to test drilling, which could pave the way for #fracking if large deposits of shale gas are found.

    “The government is keen to explore the potential for shale gas in the UK which could bring major benefit in terms of growth, jobs and energy security,” British Energy Minister Michael Fallon said in a statement. “However we must develop shale responsibly, both for local communities and for the environment.”

    In a letter to European Commission President Jose Manuel Barroso made public on Tuesday, Prime Minister David Cameron warned that European Union regulations could stifle investment in Britain’s shale gas industry.

    “I am not in favour of new legislation where the lengthy time frames and significant uncertainty involved are major causes for concern,” Cameron wrote in the letter dated December 4, Reuters reports. “The industry in the UK has told us that new EU legislation would immediately delay imminent investment.”

    #NoFrackingHere

    #NoFrackingHere

    #Fracking has met widespread opposition in the UK, with local communities taking to the streets in protest. In the city of Salford, Greater Manchester, activists blocked access to a test drilling site on Monday, placing a 1.5-ton wind turbine blade in front of the Barton Moss facility in what they called a “symbolic” act of protest.

    Friends of the Earth campaigner Tony Bosworth called the government’s moves on #fracking objectionable given the drilling technique has been identified by officials as having “potentially significant local impacts.”

    #StopFrackingUpOurLives

    #StopFrackingUpOurLives

    “People should be notified personally if firms want to drill or frack for oil and gas under their homes. Removing that right is a further blow to local communities who are rightly concerned about the impacts of #fracking,” he said. “Ministers should be strengthening rules to protect local people, not weakening them in yet another sop to an industry that wants to keep us hooked on dirty fossil fuels.”

    A new report published in the latest edition of the journal Endocrinology shows a dozen chemicals used regularly in #fracking are suspected of being endocrine disrupting chemicals, or EDCs — chemicals that can interfere with the human body’s endocrine functions and have been linked to heightened risks of cancer, low fertility rates and decreased sperm quality.

    EDITOR: says so how can this situation have arisen and who really owns the land two metres below the surface? Well having done some recent research and this article it states as follows:

    COLUMN-Frack on Your Majesty, you may be a shale gas winner:Kemp
    Fri, Dec 14 15:22 PM GMT

    By John Kemp

    LONDON, Dec 14 (Reuters) – Her Majesty Queen Elizabeth II could be in line for a windfall now that her government is prepared to start granting licences to frack for shale gas again.

    In her capacity as the Duke of Lancaster, the Queen owns more than 50,000 acres and subsurface rights to tens of thousands more across northern England, the part of the country that has drawn the most interest from companies hunting for shale gas. #Fracking firms will have to pay to put wells on her property or to drill through the subsurface mineral layers that she owns.

    Potential payments to the Duchy are just one example of a wider phenomenon. The prospect of widespread #fracking, or hydraulic fracturing, has helped set off something of a rush among the owners of ancient mineral rights to register them ahead of an October 2013 deadline set by the Land Registration Act, in order to claim possible compensation.

    THE DUCHY OF LANCASTER:

    The Duchy of Lancaster, which dates back to the 14th century, is separate from the Crown Estate, historical land holdings and other royal possessions. Revenue from that property goes to the government in exchange for an annual payment to help cover the costs of running the monarchy.

    The Duchy holds assets in trust to provide an income for the Queen and her successors as sovereign. In March 2012, it had assets valued at 405 million pounds ($653.5 million) and was providing an annual income of 13 million pounds, which the Queen uses to meet her private expenditure and official expenditure incurred as sovereign.

    The Duchy has valuable commercial property in central London (clustered around the ancient manor of the Savoy around the Embankment and the Strand) as well as in northern England.

    But the major part of its landholding, in terms of surface area, is held as rural estates spread across the counties of Lancashire (10,000 acres), Yorkshire (16,000 acres), other parts of northern England and the Midlands.

    In addition, over the centuries when the Duchy sold off some of its holdings, it reserved ownership of the subsurface mineral rights. As a result, it also owns mineral rights beneath tens of thousands more acres across the north of England, even though the surface is now owned by others.

    ANCIENT LORDS OF THE MANOR:

    Mineral rights and royalties produced an income of just $270,000 in the year ended March 2012. However, like other major landowners, including the Church of England, the Duchy has been busy registering its historic ownership of these mineral rights ahead of the deadline set by the Land Registration Act.

    “Mineral interests are a relatively small element of the Duchy portfolio, but windfall opportunities do emphasise the importance of protecting these interests,” the Duchy explained in its annual report.

    “The Land Registration Act has necessitated mineral owners to register their titles with the Land Registry, and the Duchy has been doing this in respect of both its surface and mineral ownership.

    #Fracking has set off a modern land rush. According to the “Daily Telegraph” newspaper: “The Duke of Northumberland, Duke of Bedford and Earl of Lonsdale have all registered manorial rights. Ordinary people who live in manor houses or old rectories may also have ‘lordships of the manor’ and therefore own mineral rights in the area.” (“Lords of the manor to cash in on fracking” November 2012)

    DRILLING AND ANCILLARY RIGHTS:

    Like other private landowners, the Duchy of Lancaster does not own the oil and gas found under its estates or as a result of its reserved mineral rights.

    In contrast to the United States, where oil and gas deposits are in private ownership and the owner receives royalties from #fracking firms for extracting them, in the United Kingdom petroleum resources are in state ownership.

    Under the 1934 Petroleum Production Act, all oil and gas deposits are owned by the Queen in her official capacity as “the Crown”, which in practice means they are government property.

    Section 1 of the Act states: “The property in petroleum existing in its natural condition in strata in Great Britain is hereby vested in His Majesty, and His Majesty shall have the exclusive right of searching and boring for and getting such petroleum”, which means oil and natural gas.

    Licences to explore and exploit oil and gas resources onshore are granted by the government. But “the rights granted by the landward licences do not include any rights to access, and the licensees must also obtain any consent under current legislation, including planning permission,” according to the British Geological Survey.

    So anyone wanting to get at the oil and gas must negotiate with the surface owner for permission to drill a well and build other facilities such as access roads and storage tanks. If the surface owner refuses, the driller must apply for a court order under the 1966 Mines Act to acquire the ancillary rights needed to get access to the oil and gas and pay what the court rules to be appropriate compensation.

    As a major landowner in the north of England, the Duchy of Lancaster will be able to charge anyone who wants to drill on surface land it owns. Under a recent court ruling, however, it may also be able to charge anyone who wants to drill through the underground areas it owns, even if they build surface facilities on someone else’s land.

    DEVIATED WELLS, SUBSURFACE OWNERS:

    In 2009, in a case that pitted Star Energy against Bocardo, a company ultimately owned by well-known businessman Mohammed Al-Fayed, the Court of Appeal ruled that Star had to pay compensation for trespass for drilling a deviated (angled) oil well under Bocardo’s property, even though the well started on someone else’s land and was at least 800 feet below the surface when it entered the area under Bocardo’s land.

    “I reach this conclusion with reluctance,” the judge explained. “The trespass is purely technical, because it did not interfere with Bocardo’s use or enjoyment of its land one iota. More over, Bocardo has lost no rights because it neither owned the oil that has been removed from strata within its land; nor did it have the right to search, bore for and get such petroleum. Those rights belonged exclusively to the Crown and its licensee (Star)”.

    Nonetheless, even though Star possessed a licence, it still needed to negotiate Bocardo’s permission to drill through all the other layers and mineral’s Bocardo owned underneath its property or apply to court and pay compensation. Having failed to do either, Star was ordered to pay £1000.

    But that was for using three pipelines  beneath Bocardo’s land at depths between 800 and 2800 feet below the surface, and extending just 500-700 metres below Bocardo’s Oxted estate. Fracking will employ much longer horizontal wells and affect much bigger areas of the subsurface. The compensation required could be correspondingly larger.

    Since the Duchy of Lancaster owns the mineral rights across large swathes of the north of England, frackers will have to negotiate appropriate payments to drill through all the strata it owns (including for example the coal deposits it has been busy registering).

    In contrast to conventional oil and gas fields, which have a fairly limited impact on the surface and cover a restricted underground area, fracking involves drilling a much larger number of wells with horizontal sections extending thousands of feet. It has a very large footprint on both the surface and the subsurface, and a corresponding increase in compensation payments to a large number of land owners.

    Revenues  from #fracking are unlikely to put the Queen’s personal income on a par with the sultan of Brunei, and she should probably not starting ordering a new Royal Yacht, but they could make a small addition towards the cost of running her household.

    Ace Related News: 

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  • #AceNewsGroup 13:45 on October 31, 2013 Permalink
    Tags: , , Chief knowledge officer, , Dr John Harrison, gas extraction, , John Harrison, Peer review, PHE, potential health impacts, , , , shale gas extraction   

    Shale Gas Extraction: as the PHE Looks at Other Countries Data to Assess the Risk in the UK 


    Fracking in the UKThe report published today (31 October) reviews the potential health impacts of shale gas extraction.

    This review of the scientific literature focusses on the potential impact of chemicals and radioactive material from all stages of shale gas extraction, including the fracturing (fracking) of shale.

    As there is no commercial shale gas extraction in the UK, the draft report looks at information from countries where it is taking place.

    Dr John Harrison, Director of PHE’s Centre for Radiation, Chemical and Environmental Hazards, said:

    The currently available evidence indicates that the potential risks to public health from exposure to emissions associated with the shale gas extraction process are low if operations are properly run and regulated.

    Where potential risks have been identified in other countries, the reported problems are typically due to operational failure.

    Good on-site management and appropriate regulation of all aspects of exploratory drilling, gas capture as well as the use and storage of fracking fluid is essential to minimise the risks to the environment and health.

    Most evidence from other countries suggests that any contamination of groundwater, if it occurs, is likely to be caused by leakage through the vertical borehole. Therefore good well construction and maintenance is essential to reduce the risks of ground water contamination.

    Contamination of groundwater from the underground fracking process itself is unlikely because of the depth at which it occurs.

    Dr Harrison said:

    Fracking Is Our FuturePHE will work with regulators to ensure appropriate assessment of risk from all aspects of shale gas extraction.

    Professor John Newton, Chief Knowledge Officer at PHE, said:

    The report makes a number of recommendations, including the need for environmental monitoring to provide a baseline ahead of shale gas extraction, so that any risks from the operation can be appropriately assessed.

    Effective environmental monitoring in the vicinity of the extraction sites is also required during the development, production and post-production of shale gas wells.

    In due course it will also be important to assess the broader public health impacts such as increased traffic, the impact of new infrastructure on the community and the effect of workers moving to fracking areas.

    The draft report is being made available for comment for one month. PHEwill be pleased to be made aware of any peer-reviewed or published reports that are relevant to the findings or recommendations.

    Notes to Editors

    1. Review of the potential public health impacts of exposures to chemical and radioactive pollutants as a result of shale gas extraction: Draft for Comment. See a copy of the draft report.
    2. Public Health England’s mission is to protect and improve the nation’s health and to address inequalities through working with national and local government, the NHS, industry and the voluntary and community sector. PHE is an operationally autonomous executive agency of the Department of Healthhttp://www.gov.uk/phe

    http://www.hpa.org.uk/webc/HPAwebFile/HPAweb_C/1317140158707

     

     
  • #AceNewsGroup 19:17 on October 22, 2013 Permalink
    Tags: , , Clean-Energy, , , , , Low-carbon economy, , , , , Sustainable energy   

    UN Call in Copenhagen for Clean Energy for a Sustainable Future 


    United Nations United Nations Secretary-General Ban Ki-moon today called for a clean energy transformation to help put the world on a more sustainable path, stressing that this will require innovation, investment and collaboration by all partners.

    “Achieving a clean energy transformation will need the joint efforts of governments, multilateral investment banks, private finance, civil society, the knowledge community and the private sector,” Mr. Ban said in a keynote <“http://www.un.org/sg/statements/index.asp?nid=7218“>address at the Third Global Green Growth Forum in Copenhagen. “We are partners on a path to sustainability… But we have no time to waste.”

    He noted that the way energy is produced and used is “the dominant cause” of climate change. “The impact on our global economy is increasingly clear. We count the cost in human lives and economic loss,” he stated. “But, we are forging solutions together all over the world.”

    In September 2011, the Secretary-General launched the Sustainable Energy for All initiative, which aims to achieve three inter-linked global targets by 2030: universal access to modern energy services; the doubling of energy efficiency; and the doubling of the share of renewable energy in the world’s energy mix.

    “Each of these objectives serves a common end: clean, low-carbon growth. This is critical for sustainable development,” said Mr. Ban.

    He highlighted the world is fast approaching a triple deadline. The target date for achieving the global anti-poverty targets known as the Millennium Development Goals (MDGs) falls at end of 2015. World leaders have also agreed on 2015 as the year for establishing a new sustainable development framework and reaching an agreement on climate change.

    “2015 thus represents a historic opportunity to set the world on a sustainable path,” Mr. Ban stated. “To do that we must eradicate extreme poverty and hold global temperature rise below 2 degrees Celsius above pre-industrial levels.

    “These objectives are mutually reinforcing and interdependent. Achieving them will require significant global momentum – beginning with a concerted push to accelerate progress towards the MDGs.

    “On that foundation we must agree an inclusive post-2015 development framework with poverty reduction at its core and sustainable development as its guide. And to support these efforts, we must increase action and ambition on climate change.”

    To that end, Mr. Ban has proposed convening a Climate Summit next September to bring together government, business, finance and civil society leaders from around the world to mobilize political will for the climate negotiations, deliver concrete new commitments and spark “a race to the top” in climate action.

    He asked leaders to bring solutions and initiatives with targets, deliverables and investment plans. He also urged them to raise their level of ambition by scaling up the investments and financial flows necessary for making the transformation to a low-carbon economy.

    “We need large amounts of capital for the rapid development of low-carbon infrastructure,” he stated. “We are seeing progress – but not fast enough; and not at sufficient scale.

    “Climate change is the single greatest threat to sustainable development. Yet, too often, one important fact gets lost amid the fear: addressing climate change is one of our greatest opportunities,” he noted.

    UN-Energy“With enlightened action, we can create jobs, improve public health, protect the environment and spur sustainable green growth. In the coming year we should all do our utmost to unlock the barriers to climate finance that exist across the global economy.”

    The Secretary-General said he is personally engaged in trying to move the financial actors, regularly meeting with financial actors and investors. Today he attended a meeting with pension fund executives, at which he <“http://www.un.org/sg/offthecuff/index.asp?nid=3143“>asked them to help in unlocking new opportunities for capital investment in climate and development.

    He also noted, in the meeting, his intention to include pension fund leaders in the Climate Summit, and discussed the possibilities for using the event as a unique opportunity to leverage unprecedented financial, political and organizational capital.

    “I will continue to engage and challenge pension funds, insurance companies and sovereign wealth funds to look beyond the fossil-related segments of the global economy. Less than 1 per cent of pension fund assets are currently invested in sustainable infrastructure projects,” Mr. Ban told the forum.

    “Our hope is that greater investment can move towards low-carbon assets, for the good of the world and the long-term financial health of investors. At the same time, development and commercial banks can and should unlock capital to enable low-carbon investments. And regulators can break barriers to facilitating these flows.

    “There are enormous untapped investment opportunities in developing countries. All financial actors have to work together to create the mechanisms for making these investments possible. Companies and countries have to make sure that bankable projects are ready, when the money is available.

    “With focus, resolve and ambition, we can lower the global thermostat and raise the level of economic opportunity for all – from the poorest households to the largest enterprises.”

     
  • #AceNewsGroup 15:53 on October 21, 2013 Permalink
    Tags: , Department of Energy, ED Davey, EDF, Edward Davey, , energy companies, , Energy Minister, Npower   

    Energy-Companies-Allowed-to-Increase-Prices-Government-has-No-Comment 


    Edward Davey, Secretary of State for Energy, responds to Npower‘s announcement about the rise of their energy tariffs

    Energy and Climate Change Secretary Edward Davey said:

    “This is another disappointing announcement from a big energy company. Some of the Big 6 seem not to have noticed that they are no longer alone in the market – there are now fifteen small suppliers, and some really competitive fixed deals out there.

    “Today I’m publishing hard figures on the costs energy companies really face in delivering the Energy Company Obligation (ECO), so consumers can see what this scheme is really costing energy companies.

    “These figures – supplied by the energy companies themselves – show that the costs are in line with previous schemes so there should be no need for any increase to consumer bills due to ECO.”

     EDITORS Comment:   

    The pussy footing of the Energy Minister is evident in this statement as comments, such as this leads us evermore into a state of the consumer pays higher and higher energy prices, just to stay warm! The fact that these companies bosses award themselves larger and larger pay rises, the energy shares rise ever higher, and our Energy ministers best advice is shop around, provides us with no confidence at all that this government will curtail these 6 giants!

    He states that he is going to tell us how hard done by the energy companies are with a new report ,but look at their profits year on year and bonus payments for delivering what, higher bills, lack of investment into new infrastructure, and above all no sign that this Energy minister has any intention of taking our grievances any further.

    So what next well we already know that Osborne is climbing into bed with the French company EDF, but with the added bonus {for them}, not us, that the Chinese will be taking a 20% stake. Of course we are told that the company EDF will not take any tax payers money – that is at the front end of course, not the same situation at the end of building the nuclear power plant. Then they will get a price of £92.50 per therm of electricity provided, but as ED Davey said on BBC Radio Four today ,it will drop to £89.50 ,providing they sign-up for another deal on another plant.

    Well as Ed Davey was asked by Stephanie Flanders Financial Correspondent on BBC Radio Four, does this mean the UK get to invest in the Chinese Energy Markets? – he declined to answer, changed the subject and was cut-off! He returned later with the same rhetoric as we have heard so often before, and it goes something like this ” Without this type of Investment into our Energy Industry we cannot sustain prices as we do now” what are we sustaining! 

    Is that not how this speech started, in the first place, all about the rise of energy tariffs, let me check! Yes l was right the speech was headed:Edward DaveySecretary of State for Energy, responds to Npower‘s announcement about the rise of their energy tariffs.  

    Has he forgot so quickly what he said on the 21st October 2013 – hang on a minute that is today.                      

     
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