Wednesday, May 25, 2011

Matthew Sinclair: Clegg's crony capitalism, cash for Climate Change Capital

On today's ConservativeHome.

As he says (about offshore wind and other green investments):

"People don't invest in frightening things like that, so the plan is to transfer the risk to the poor old taxpayer, who is going to have to bear the cost of the subsidies and be saddled with the risk if they don't turn out well."

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