Public Auditors Blast Ed Davey’s Hinkley Deal

Ed Davey is expected to launch his bid for the LibDem leadership imminently, so it is good timing for the National Audit Office to release their report into his Hinkley Point deal today. Sir Edward was the Energy Secretary pushed though the £18 billion deal and insisted it was good value. The National Audit Office disagrees, this morning calling Hinkley Point “a risky and expensive project” that is “not value for money“. They say the case for the plant is “marginal“. As damning language as it gets…

Even more embarrassingly for Sir Edward, his own party opposes Hinkley Point. LibDem energy spokesman Lynne Featherstone says:

“Failing to call a stop to Hinkley will prove a costly mistake. The opportunity to pull the plug on Hinkley has been missed, and we will all pay for it from our pockets.”

The final humiliation for Davey. Well, depending on how his leadership bid goes…




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Quote of the Day

Logging company Resolute’s CEO Richard Garneau suing Greenpeace

“A funny thing happened when Greenpeace and allies were forced to account for their claims in court. They started changing their tune. Their condemnations of our forestry practices “do not hew to strict literalism or scientific precision,” as they concede in their latest legal filings. Their accusations against Resolute were instead “hyperbole,” “heated rhetoric,” and “non-verifiable statements of subjective opinion” that should not be taken “literally” or expose them to any legal liability. These are sober admissions after years of irresponsible attacks.”

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