In a speech to be given this week Amber Rudd, the energy secretary, will say that keeping the lights on across Britain now takes priority over the pursuit of green energy.
The World Energy Council had announced that following the cuts to green subsidies and increased subsidising of fossil fuel companies, Britain has been downgraded from the top AAA rating, to AAB, according to their ‘energy trilemma index’.
The attorney general of New York has opened an investigation into both ExxonMobil and Peabody Energy in order to find out whether or not they lied to shareholders and the public about the dangers of climate change.
The United Nations has assessed the climate change proposals, which have been put forward by 146 different countries. They commented saying that the plans that have been submitted do not go far enough.
On Monday, a spokesman from the White House announced that a further 68 companies had signed the “American Business Act on Climate Pledge”- adding to the 13 companies that originally signed. However, there are several big energy companies whose names can still not be found on the dotted line.