Chancellor backs shale gas and heavy industry
Tax incentives for shale gas exploration and exemption from the climate change levy for energy-intensive sectors were among the headlines from the 2013 budgetPresenting his fourth budget to parliament, George Osborne told MPs that “shale gas is part of the future and we will make it happen”, as the chancellor introduced what he described as a “generous” ne
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The UK government has earmarked £5.5bn for a new Energy Bills Discount Scheme over one year, which is far less than the £18bn in support given for six months under the previous scheme.
One of the world’s leading climate physicists has again called for new regulation forcing the fossil fuel industry to carry out large-scale carbon capture and storage (CCS).