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BRITISH ENERGY BAIL OUT MUST END - STUNELL

July 31, 2003 4:48 PM

Andrew Stunell MP, Liberal Democrat Shadow Energy Minister, today condemned the Government's bail-out of British Energy ahead of the company's AGM, at which it is widely expected that huge losses will be unveiled.

He said:

"The Government has pumped five times as much money in to this failing nuclear dinosaur than it has put into developing renewable energy.

"The company should cut through the veil of secrecy about the hidden deal with BNFL and tell shareholders and the public just how much it has become a creature of the Government.

"It is outrageous that British Energy is hiding illegal Government subsidies behind a veil of commercial confidentiality. It is time shareholders were told the truth."