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.
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.
Two U.K. drillers are taking the lead in exploring for the country’s first shale gas after a moratorium ended, with one of them backed by ex-BP Plc chief John Browne and the other soon to count China as an investor.
Yahoo! Inc. said Chief Executive Officer Scott Thompson stepped down after failing to correct errors in his credentials and the company is revamping its board, handing a victory to activist investor Daniel Loeb, who pushed for the overhaul and said the Web portal is mismanaged.