Posted inEconomics / Fossil fuel / News / Oil

UK Government Bails Out North Sea; Gives “Nothing to Solar”

Last week, the British Prime Minster, David Cameron, flew to Aberdeen, the oil capital of the UK to announce £250 million emergency funding to “prop up the North Sea oil industry”; which is reeling badly from the low oil price. When many economies are pouring millions into renewables, the UK government is still firmly backing oil and gas.

— Read more priceofoil.org

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