Appeasement 21st Century style – all to attract Chinese finance to the city

COMMENTING ahead of a meeting between Prime Minister David Cameron and Chinese President Xi Jinping this Wednesday at which they are expected to discuss Chinese finance for a new nuclear power station at Hinkley Point in Somerset, Molly Scott Cato, Green MEP for the South West of England, said:

“Cameron must tell Mr Jinping that he is going to abandon the Hinkley white elephant immediately and invest instead in green energy which can deliver energy security more quickly, more cheaply and provide thousands more quality jobs.

“If Hinkley gets the green light it will be the most expensive electricity generating plant in the world. It will mean more elderly people dying from cold in the winter and more businesses going to the wall because they cannot compete with companies in countries where electricity is reasonably priced. This is a totally unacceptable price to pay simply to appease the Chinese and lever in Chinese finance to the city.

“Renewables is where the smart money is heading, if only the government would give up its ideological crusade against them. Wind has now been declared the cheapest way to generate electricity in the UK. We need to see damaging subsidy cuts to renewables reversed so that the green energy sector is offered the kind of stability that guarantees investor confidence.”

Government appeasement, rather than providing security, and contrary to Government claims, leaves the people insecure and at risk.

 

http://www.independent.co.uk/news/uk/politics/hinkley-point-c-plans-to-spend-billions-building-uk-nuclear-power-station-to-be-investigated-by-a6669881.html

http://www.independent.co.uk/environment/wind-power-now-the-cheapest-source-of-electricity-but-the-government-continues-to-resist-onshore-a6685326.html

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