News
Davey warns on wind power subsidy cuts
With Nick Clegg, deputy prime minister, representing Britain at the Rio environmental summit this week, Mr Davey is fighting to maintain the government's green credentials in the face of determined Conservative lobbying against onshore wind farms.
June 18, 2012
by Jim Pickard, George Parker and Pilita Clark
in Financial Times
Ed Davey, energy secretary, has warned Conservative colleagues not to play "fast and loose" with investors in onshore wind farms, as a cabinet row looms over subsidy levels.
Downing Street is putting pressure on the Liberal Democrat minister to scale back subsidies, amid calls from more than 100 Tory MPs to reduce support for wind farms, which they say produce expensive power and ruin the countryside.
Mr Davey, in a Financial Times interview, said if politics prevailed over evidence it would send a damaging message to international investors in the energy market, removing the predictability they seek.
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Energy Policy
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