Sunday, March 24, 2013

20th Century Budget for a 21st Century Economy

UK budget fails to impress green business and the renewable energy sector
21 March 2013 - “A 20th century budget for a 21st century economy” says Greenpeace in reaction to the Chancellors tax breaks for polluters and meagre interest in the green economy

The UK Chancellor of the Exchequer, George Osborne, has angered green businesses and environmental groups throughout the country by announcing a budget that has given tax breaks to shale gas companies, praised nuclear power and increased exemptions from carbon taxes for industries that are heavy energy users. Energy as a whole was given only a meagre mention in the budget, scarcely a passage, which focused largely on creating a “generous new tax regime” for shale gas developers and selection of two new Carbon Capture and Storage (CCS) projects for the next round of development. read more>>>

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