British Industry Rebellion Over Carbon Targets

GWPF
"Chemical firms lead calls to halt a leap in carbon costs that could lead to the loss of hundreds of thousands of jobs and will cripple the industry.

One British company uses more power than Liverpool and Manchester combined. Little wonder, then, that Ineos, the chemicals giant, is leading the charge against government plans to raise power bills by much more than the rest of Europe is proposing.The firm’s pleas have gained little traction. Last week the government accepted the advice of the Committee on Climate Change to agree a new target of reducing carbon dioxide emissions to 50% of 1990 levels by 2027. It will make Britain the first country in the world to commit itself to targets beyond 2020.Manufacturers say the move, taken with other plans, including a UK-only carbon tax, will cripple industry. They insist thousands of jobs will be lost as firms move their plants to countries where the cost of doing business is lower."