Alex Salmond’s £46 billion green ‘gamble’ with Scotland’s economy

Alex Salmond is gambling with Scotland’s economy by placing a £46 billion “fantasy” bet on green energy despite its “catastrophic” record of making money, one of the world’s leading banks has told MSPs.

Peter Atherton, Citigroup’s head of utilities research, said the SNP’s radical renewable power targets require up to £7 billion of investment a year but the figure at the moment is only £750 million.

It is “borderline fantasy” that this difference can be made good because banks and international investors do not think green energy schemes provide reliable returns, he said… Read more

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: