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November 1, 2011
Re: Britain pulls the plug on solar subsidies
Topics: Political News and commentaries At last, Britain has pulled the plug on its green energy boondoggle:
Ministers have been accused of destroying 25,000 jobs and "bankrupting a whole industry", after the Government unveiled plans to slash subsidies for green energy. Hundreds of solar companies are likely to go bust by Christmas after the Department for Energy and Climate Change confirmed it is looking to halve subsidies for new panels. ...So when is the U.S. going to pull the plug on its solar boondoggles? Likely the day after Barack Obama's replacement takes office. Until then, the solar lobby will continue to participate in Obama's reverse wealth redistribution scheme -- from millions of ordinary hard-working tax payers to the clients of Obama's wealthy bundlers and campaign contributors.The row over solar subsidies is the latest manifestation of a long and fierce battle within the government between Chris Huhne's DECC and George Osborne's Treasury over the role of green growth in the UK's economic recovery, made especially pointed by soaring home energy bills. "We may be out of touch with the solar lobby, but we are not out of touch with energy bills," Barker told parliament on Monday.
Posted by Hyscience at November 1, 2011 3:09 PM
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