Gordon Brown wants to save the planet again.

British prime minister Gordon Brown wants to save the planet again. However, the Labour administration has squandered various opportunities to convert the UK into a low carbon economy. Energy policy has stagnated since 1997 with the government seemingly committed not to build new power stations in the UK. The takeover of British Energy by French power group EDF might have seemed a smart idea at the time but it means our nuclear power policy is mainly up to the whims of an overseas company.
I suppose we will have the worse of both worlds: black and brown outs combined with a not very environmentally friendly energy industry. The recent report from UK energy regulator Ofgem was surprising for being non-positive from a government agency.
Apparently, British families will be facing energy bills of £2,000 a year to pay for all the nuclear power and renewable energies, which will be needed to reach the low carbon targets.

The Frogs take over British Energy.

In a major move the French group EDF is to acquire a major stake in British Energy. It is being the biggest foreign investment ever by a foreign group in the United Kingdom. The £12.5bn deal has still to be approved by British Energy shareholders
but is supported by the UK government, which has a 36 per cent stake in the nuclear power group.
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UK firm Centrica will take a 25 pct stake in the four new nuclear power plants, which are planned. However, there is concern over foreign control of such a strategic sector.
I wonder why the City was so keen to sell our power firms. German groups RWE and E.ON, Spanish group Iberdrola and EDF now have a dominant role over supplying us electricity. Let's hope they have our best interests at heart.