Energy Costs

Part of Oral Answers to Questions — Treasury – in the House of Commons at 10:30 am on 10th July 2008.

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Photo of Alistair Darling Alistair Darling The Chancellor of the Exchequer 10:30 am, 10th July 2008

One of the biggest threats that our economy and, as I said earlier, just about every other economy in the world faces is the high price of oil. I believe that that should act as an encouragement, a spur, to us to do more to generate our own electricity and to get our energy from non-carbon sources. That is important in terms not only of the environment but of security of supply. Self-evidently, a lot of the oil that we currently import comes from parts of the world that are not always politically stable. It is therefore necessary for us to do far more to generate renewable energy. As I understand it, that is also the policy of the right hon. Gentleman's party, although I accept that it is not his own personal preference and that he has a lot of concerns about that source of energy. For my part, however, I think that we need to do far more, not just here and in Europe, to obtain more renewable energy. I also believe that it is essential to replace our fleet of nuclear power stations.

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