Business turns on UK government for green energy U-turns
Shares in Drax ticked up on Friday morning after the country’s biggest power station pulled the plug on a carbon capture project at the heart of UK efforts to combat climate change.
But that was a rare piece of good news on a day that saw investors, business groups and unions round on the government for what they said were the raft of “incoherent” and ill-considered green energy policy U-turns contributing to Drax’s decision.
“The government is scrapping all regulatory and price support mechanisms for green industries, seemingly without anything new, and better, to replace them,” said Ben Goldsmith, a renewable energy investor, and brother of Conservative MP, Zac Goldsmith.
“The government is scrapping all regulatory and price support mechanisms for green industries, seemingly without anything new, and better, to replace them,” said Ben Goldsmith, a renewable energy investor, and brother of Conservative MP, Zac Goldsmith.
“I hope they’ve got something cooking, because otherwise it’s pure idiocy to be killing off these fast-growing, exciting new industries just as they are reaching the point at which they are viable without any kind of support.” (by Pilita Clark, Environment Correspondent, Financial Times)