Monday, 5 November 2007

Energy giants scrap plans to sue Government

Energy giants have scrapped plans to sue the Government after ministers signalled they would backtrack on 'carbon capture technology'. BP, Scottish and Southern, Conoco-Phillips and Centrica indicated they would seek compensation after the Government changed the rules in a competition to build Britain's first green coal-fired power station, effectively barring them. But now the Government is looking at a compromise.

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