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The coalition has adopted the toughest carbon reduction targets in the developed world,

Call to Abolish Carbon Floor Price



Ministers should abandon a central pillar of their energy policy and abolish a carbon floor price that amounts to a “tax” on British industry, according to the head of the manufacturers’ association. Terry Scuoler, chief executive of the EEF, said: “We are calling for its abolition.” The measure was, he added, “not in line with the government’s stated policy of rebalancing the economy, regenerating the British manufacturing sector, encouraging exports”. --David Blair, Financial Times, 12 September 2011
Companies including Tesco Plc and PepsiCo Inc. are racing for about 1.7 billion pounds in green power-generation subsidies being offered by the U.K. through March 2015, according to a report by the Carbon Trust. It forecasts energy prices to rise 37 percent by 2020. --Bloomberg, 9 September 2011 Chris Huhne, secretary of state for energy and climate change, warns - not for the first time - that the world must act now to avoid "unprecedented environmental and geopolitical catastrophe". This parliament, he warns, is the last one with a chance to help avert catastrophic climate change... Mr Huhne is right to issue his warning. There is no great evidence that fellow politicians are listening very intently. –Editorial, The Guardian, 11 September 2011

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The green-jobs revolution may be going up in smoke. Despite billions of dollars in federal investment and cheerleading from President Obama, even the most ardent supporters of a transformed, job-generating energy sector based largely on wind, solar and other renewable sources acknowledge that their dreams have not translated into reality. The records for other countries chasing green employment opportunities have been equally unimpressive. --Ben Wolfgang, The Washington Times, 12 September 2011 An abundance of cheap natural gas has industry players the continent over clamouring to advertise the fuel's use for anything from power generation and home heating to the latest craze - transportation. North America may soon be running on natural gas. --Rebecca Pentry, Calgary Herald, 10 September 2011 The demise of solar energy company Solyndra has already sparked an FBI investigation, congressional hearings, and raised numerous questions of political cronyism and corruption connected to the highest levels of the Obama Administration. The Solyndra debacle is rapidly becoming a White House scandal. It is far too symptomatic of an Administration that is founded not on principle, but on Chicago-style cronyism and political corruption in the worst sense of the term. --Bob Beauprez, Townhall Finance, 11 September 2011


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