by Alex Lawson Energy correspondent on (#69V4E)
Campaigners say chancellor is in the grip of the fossil fuel and nuclear lobbies and is ‘squandering taxpayers’ money’• Hunt U-turns on planned cut to energy bills support• What Hunt’s U-turn on energy bills support means for youJeremy Hunt has been accused of wagering a “dangerous gamble on unproven technologies” in an effort to decarbonise Britain’s energy industry after ploughing more than £20bn into a series of projects.In his budget speech, the chancellor confirmed plans to spend the money over the next two decades on carbon capture and low carbon energy projects; announced a competition to co-fund small nuclear plants and launched a consultation to classify nuclear as “environmentally sustainable”. Continue reading...