Hot topic: Companies in the steel, chemical and glass industries cannot compete
Some of Britain’s biggest companies may be forced to move to the US or Eastern Europe, where energy costs are dramatically lower, the Energy Intensive Users Group is warning this weekend. Jeremy Nicholson, director of the powerful lobby group that campaigns for companies in the steel, chemical and glass industries, said that British companies could not compete against US groups because their energy costs were four times cheaper. He said Britain needed to develop its own shale gas industry, which would decisively transform the economics of the intensive energy industry. To Read More…..
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