UK: Companies call for targets on low carbon power
Date: 8 Oct 2012
A number of major businesses have called on the government to adopt a 2030 target for reduced carbon from the power sector. The current Chancellor of the Exchequer George Osborne has been hostile to such targets to date, attacking green policies as a burden on business.
The companies include major firms such as Walmart-Asda, Microsoft, PepsiCo, BT and BSkyB. They have written to Osborne to urge support for a target that would ensure most of the country's electricity was generated by low-carbon sources. They implicitly criticised the Chancellor's stated support for a 'dash for gas', saying that such statements undermined the government's perceived commitment to a low carbon transition.
The letter was co-ordinated the Aldersgate Group, a coalition of sustainability-minded businesses, individuals and other organisations.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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