Green Liberal Democrats: "Liberal Democrats believe that by helping the environment, we can help our own pockets, our families, our communities and our world."

BRITISH ENERGY: TAXPAYERS TO BAIL OUT NUCLEAR LIABILITIES - BRUCE

12.00.00am UTC (GMT +0000) Mon 1st Dec 2003

Commenting on Patricia Hewitt's confirmation of the increase of £75 million in the Credit Facility to British Energy in a written statement released today, Malcolm Bruce MP, Liberal Democrat Shadow DTI Secretary, said:

"The taxpayer should not bail out the shareholders of a company that took the risk of investing in a technology that has long proved itself a guaranteed loss maker in a market economy.

"The DTI has already spent over £7billion in the last 5 years managing nuclear liabilities. This year's Energy Bill will have the biggest money resolution parliament has ever seen to fund future nuclear decommissioning."

Bookmark this story at: del.icio.usdel.icio.us DiggDigg FacebookFacebook LibDigLibDig redditreddit StumbleUponStumbleUpon
Print this news story.
Previous news story: GOVERNMENT RESPONSE TO THE ENVIRONMENTAL AUDIT COMMITTEE FEEBLE AND DISAPPOINTING - STUNELL (Thu 27th Nov 2003).
Next news story: BAKER VISITS GHOST FLEET TO DEMAND ANSWERS (Tue 2nd Dec 2003).

Related News Stories:

Fri 6th Feb 2004:

British Energy: Taxpayers should not be responsible for management and DTI failures - Bruce.

Wed 26th Nov 2003:

BRITISH ENERGY: SAY NO TO NEW BAIL-OUT.

Thu 31st Jul 2003:

BRITISH ENERGY BAIL OUT MUST END - STUNELL.

Printed and hosted by Prater Raines Ltd, 82b Sandgate High Street, Folkestone CT20 3BX.
Published and promoted by Green Liberal Democrats, 39 Azof Street, Greenwich, London SE10 0EG.
The views expressed in all articles and news items of this site should only be assumed to be those of the individual authors themselves and are not necessarily those of the Liberal Democrats, the Green Liberal Democrats, or the service provider.