Tuesday, February 17, 2009

Elliot Morley seeks state aid for clean energy projects


Energy companies should be able to tap the billions of pounds of state funding being used to bail out the banks in order to create a post-recession low-carbon economy, says the government's climate change envoy.

Elliot Morley wants the government to back clean energy projects such as offshore wind farms that cannot get funding because of the credit crunch.

The MP and former environment minister says the financial stimulus packages being drawn up by governments around the world should not just put money into people's pockets. This risked encouraging further unsustainable consumerism and environmental damage, he warned the G20 group of leading nations.

See full Article.