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George Osborne demands massive cuts to windfarm subsidies
The Observer has learned that George Osborne is demanding cuts of 25% in subsidies, a reduction the industry says would "kill dead" the development of wind power sites. The Treasury's stance has put the chancellor at loggerheads with the Liberal Democrat energy secretary Ed Davey, whose party strongly supports more renewable energy.
June 2, 2012
by Damian Carrington and Toby Helm
in The Guardian - Observer
PM's 'greenest government ever' claim undermined by chancellor's move, which follows pressure from Tory MPs
Plans for dramatic cuts in government subsidies for onshore windfarms are being drawn up by the Treasury in a move that seriously undermines David Cameron's claim to be running "the greenest government ever".
The Observer has learned that George Osborne is demanding cuts of 25% in subsidies, a reduction the industry says would "kill dead" the development of wind power sites. The Treasury's stance has put the chancellor at loggerheads with the Liberal Democrat energy secretary Ed Davey, whose party strongly supports more renewable energy.
Osborne, whose reputation... [continue via Web link]
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Tax Breaks & Subsidies
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