Lots of people wondered quite why we relying on Communist China to fund our land mark energy project. Now we are getting to see George Osborne’s role and how it was opposed by others in cabinet. Hinkley is a really key benchmark to the whole of our energy policy – who knows what Theresa will decide?
Guardian ‘Britain needs to be more open to outside investment after the Brexit vote, China says
China has warned Britain that it cannot risk driving away Chinese investors as the country’s official news agency questioned the UK government’s postponement of approval for the Hinkley Point nuclear power plant. Theresa May, the prime minister, is understood to be concerned about the security implications of a planned Chinese investment in Hinkley and has delayed giving the £18bn project the green light. Xinhua news agency said China understood and respected Britain’s requirement for more time to think about the deal. “However, what China cannot understand is the ‘suspicious approach’ that comes from nowhere to Chinese investment in making the postponement,” it said. Osborne rejected safeguards over Chinese role in Hinkley Point, says ex-minister ‘Special share’ in the proposed nuclear power station would have protected national security, says former energy secretary Ed Davey. The project will create thousands of jobs and generate much needed energy following the closure of coal-fired power plants, Xinhua added, dismissing fears China would put “backdoors” into the project. “For a kingdom striving to pull itself out of the Brexit aftermath, openness is the key way out,” it said. Click here to read more.’