By Ed Crooks
Published: September 21 2007 03:00 | Last updated: September 21 2007 03:00
The new Energy Technologies Institute, a public-private partnership for research into energy sources, will be based in the Midlands, the government said yesterday, after a consortium at Loughborough University won the right to host it.
David Clarke, the head of technology strategy at Rolls-Royce, is to be the institute’s chief executive. Six companies – BP, Royal Dutch Shell, EDF Energy, Eon, Rolls-Royce and Caterpillar – are backing the ETI, promising £5m a year each for ten years.
However, the institute has yet to secure all the private sector funding it is seeking, though it was first proposed by Gordon Brown 18 months ago. The government has pledged up to £550m over ten years, and wants the private sector to contribute the same, but is £250m short.
The ETI is being established amidst concern that Britain is in danger of being left behind in the development of technologies for energy with low carbon dioxide emissions.
Ed Crooks
Copyright The Financial Times Limited 2007
shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
0 Comments on “Financial Times: New energy body in need of funds”
Leave a Comment