Nuclear industry's hidden subsidy must be halted

By staff writers
21 Sep 2011

Environmental campaigning group Friends of the Earth has welcomed a Liberal Democrat conference motion calling on the coalition government to introduce a windfall tax on the operators of existing nuclear power plants.

The aim of the tax would be to prevent nuclear producers receiving millions of pounds of extra profit when a carbon floor price is introduced in April 2012.

The resolution was passed at the Lib Dems' conference in Birmingham on Tuesday 20 September 2011.

Friends of the Earth's Energy Campaigner Paul Steedman commented: "Energy Secretary Chris Huhne must stop the nuclear industry from benefitting from a hidden subsidy - and spend the money raised helping householders save energy and slash rising fuel bills."

"Lib Dem members are therefore right to call for a windfall tax on existing nuclear power plants. It is scandalous that they should earn millions of pounds for doing nothing when the government introduces its carbon floor price next year," he said.

Friends of the Earth, in proposing that human beings live within the limits of the natural world, argues that we need to change the rules so that the economy works for people and the environment, not pit one against the other.

* More on FoE: http://www.foe.co.uk/

[Ekk/3]

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