£860 million Green Subsidy Pulled At The Last Moment
The Green credentials of Dave’s Greenest Government ever have taken another knock with the news that at the eleventh hour DECC have pulled the plug on a near £1 billion subsidy for the Renewable Heat Incentive (RHI) citing of all things, the European commission as the problem.
It is kind of hard to swallow that the EU so wedded to Green anything would stand in the way of tax payer handouts to the purveyors of Climate Religion approved power sources, the
less charitable more optimistic might think the government was starting to slink away from the Global Warming scam.
Now those that have already counted their tax payer funded handouts are angry:
The Department of Energy and Climate Change insisted that its groundbreaking Renewable Heat Incentive was being delayed rather than abandoned, and blamed the European commission for failing to give it the immediate go-ahead. But the industry described the news as “desperately disappointing” and was angry that the final decision from DECC came just hours before the RHI was meant to come into force.
“The industry has been gearing up over the last six months to deliver on the government’s ambitious plans for renewable heat,” said Paul Thompson, head of policy at the Renewable Energy Association (REA). “This further adds to low confidence levels in the renewables industry as a whole, added to uncertainty around the feed-in tariffs, the renewables obligation and the renewable transport fuel obligation.”
William Worsley, president of the Country Land and Business Association, said farmers and others would be out of pocket as a result of the DECC’s decision.
“Many members have been gearing up to launch projects … while others have already taken the plunge and will face cash flow problems as a direct result of the commission’s intervention,”
There used to be a time when business funded it’s own investments, in the sensible days before Climate Changed spawned crony capitalism as a business model.
The frustration is intensified by a series of other changes or delays involving the renewable heat and energy agenda, despite the government saying in the run-up to the elections that it would be the greenest yet. Ministers have failed to give a firm date on when a review of the renewable obligation subsidy regime would start, causing uncertainty in the biomass and other green business sectors. Solar companies were angry earlier this year when DECC unveiled plans to review the feed-in tariff next April.
Righteous anger from the Solar power companies that wont now be getting the tax payer funded handouts to generate energy , so they can rip off the tax payer again with the subsidised prices of the energy they generate.
Posted on September 30, 2011, in Anthropogenic Global Warming, Church Of Climatology, COP17, Green Bank, Green Taxation, Junk Science, Oh FFS, Renewables and tagged Anthropogenic Global Warming, Church of Climatology, Green Subsidies, Renewables. Bookmark the permalink. 2 Comments.