Where should compensation for climate change policies go?

BIS is calling for evidence from businesses affected by rising energy prices as a result of climate change policies to help the Government target funds from the Energy Intensive Industries (EII) Package. Last year it was announced energy intensive users will get a £250 million package from the Government to counter rising electricity bills. It […]

Business Secretary praises North East

Business Secretary Vince Cable has lavished praise on the efforts of companies in the North East in making a difference to the UK’s low carbon economy. Mr Cable said Government would work with industry: “As part of the transition to a low carbon economy we need to ensure that energy intensive industries remain competitive and […]

Cable: shareholders essential for green investment

Vince Cable has touted the role of shareholders to the energy industry in a dispute over the rise of their payouts compared with the rise in bills for consumers. His comments came as Centrica – the parent company of British Gas – brought out its quarterly profits, revealing it had upped the shareholder dividend by […]

Business Secretary visits port to UK green future

Business Secretary Vince Cable has toured Alexandra Dock where Siemens plans to build an £80 million wind turbine factory expected to be operational by 2014. Associated British Ports will build a £100 million deepwater berth to handle the new generation of large offshore wind developments. Business Secretary Vince Cable said the port signified a shift […]