Tim Yeo News
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Developing U.K. shale gas may fail to follow U.S. precedent and cut local prices due to differences in geography, population density and environmental controls and as world fuel demand grows, according to a parliamentary report.
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U.K. Prime Minister David Cameron and Chancellor of the Exchequer George Osborne face a rebellion within their own party after rejecting proposals to include a target for cutting carbon in new energy-market legislation.
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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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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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U.K. Parliament Energy and Climate Committee Chairman Tim Yeo told Sky News in an interview that Germany is “panicking” and has “overreacted” by closing its nuclear power plants, and he said it wouldn’t be “sensible” for the U.K. to do the same.
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Vestas Wind Systems A/S, Areva SA and four other power-generation manufacturers wrote to ministers saying the U.K. risks falling behind European peers and choking job creation by stalling a decision on setting a carbon target.
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The U.K. government’s proposal to overhaul the electricity market is “unworkable” because the Treasury isn’t willing to back contracts needed to spur clean energy, a panel of lawmakers in Parliament said.
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Britain’s opposition Labour and Green parties joined a push for the government to impose a carbon target on the power industry, setting the stage for a battle over the energy bill in Parliament.
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The sound that woke Caroline Murphy after midnight on April 1 was so loud she thought a car had crashed into her house. She doesn’t feel any better knowing it was the U.K.’s first recorded earthquake caused by natural-gas exploration.
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BP Plc Chief Executive Officer Tony Hayward told U.K. lawmakers today the U.S. government didn’t influence the company’s decision to suspend its dividend after the Gulf of Mexico oil spill.
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