Sunday, August 28, 2011

Matthew Sinclair

Two quotes from the article:

"The renewables obligation requires energy companies to source a certain share of electricity from wind turbines, solar panels and other renewables. As they are more expensive than coal and gas it means higher prices. It cost £1.1billion in 2009-10 and is rising. Over this decade analysts at Citigroup have found that Britain needs to invest more than Germany, France and Spain put together to meet environmental targets and that paying for this investment will mean dual fuel bills rising more than 50 per cent above inflation."

"The poor and elderly will be particularly hard hit as they spend a bigger share of their money on fuel. David Cameron said he wouldn’t balance the Budget on the backs of the poorest people in the world but he is making some of the poorest people in Britain pay for a climate policy that will not save the planet."

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