John Hayes News
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Gold producers including Barrick Gold Corp. fell the most in more than four years as the metal slumped below $1,400 an ounce in the biggest decline in 33 years after dropping into a bear market last week.
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U.K. Prime Minister David Cameron moved Energy Minister John Hayes, an open critic of the environmental policy of their Liberal Democrat coalition partners, to a new post working with the premier.
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SSE Plc will halt some coal-fired power stations, cut jobs and delay investment in gas-fueled plants as soaring costs for carbon emissions weigh on profit.
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The British government should give more weight to aesthetics when deciding whether to approve wind farms, the nation’s new energy minister said.
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U.K. Energy Minister John Hayes rejected a call by fellow Conservative lawmaker Tim Yeo to include a decarbonization target for the power industry in the Energy Bill being debated by Parliament.
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The U.K. government, planning to close almost all nuclear power stations within 10 years, needs a “plan B” in case new reactors aren’t built on time, according to a cross-party panel of lawmakers.
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Prime Minister David Cameron said the U.K. must rethink energy policy once targets for renewable power are met, a sign Conservatives in the coalition government are reluctant to deepen the nation’s green-growth ambitions.
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The U.K. government is prepared to walk away from a deal with Electricite de France SA over plans to build the first nuclear plant in the country since the 1980s if the power price demanded by the utility is too high.
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U.K. Energy Minister John Hayes expects details of the government’s proposed tax breaks for explorers of shale gas to be released in Spring.
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The U.K. plans to allow companies including Cuadrilla Resources Ltd. to resume shale gas exploration this year to take advantage of “an exciting opportunity,” Energy Minister John Hayes said.
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