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News

Britain monitoring CO2 supplies 'minute by minute', says minister

LONDON, Sept 20 (Reuters) - To maintain domestic supplies of CO2 the British government is in constant contact with companies who produce the gas and is monitoring the situation "minute by minute", business minister Kwasi Kwarteng said on Monday. Kwarteng told parliament he met Tony Will, chief executive of fertiliser manufacturer CF Industries, on
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Britain will not be bailing out failing energy companies - minister

LONDON, Sept 20 (Reuters) - Britain's government will not bail out failing energy companies, business minister Kwasi Kwarteng said on Monday, after wholesale gas prices soared, forcing some smaller suppliers to cease trading. "The government will not be bailing out failed companies, there will be no rewards for failure or mismanagement, the taxpaye
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Britain may see other companies exit gas market, says minister

LONDON, Sept 20 (Reuters) - Britain may see other suppliers exit the gas market but this is not surprising, business minister Kwasi Kwarteng said on Monday, repeating that the National Grid had the tools to operate the electricity system reliably. "As I said, you may see more suppliers than usual exiting the market but this is not something which s
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Britain does not expect gas emergency this winter, says business minister

LONDON, Sept 20 (Reuters) - Britain does not expect to have a gas supply emergency this winter because it has enough capacity to meet demand, business minister Kwasi Kwarteng said on Monday, underlining that the government's priority was consumers. "Firstly ... I must stress that protecting consumers is our number one, our primary focus, and will s
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UK has highly resilient food supply chain, says PM's spokesman

LONDON, Sept 20 (Reuters) - Britain has a highly resilient food supply chain, a spokesman for Prime Minister Boris Johnson said on Monday, after a jump in gas prices shut fertiliser plants that also produce carbon dioxide used in the food industry. Asked whether there was a risk of Christmas food supplies being hurt, the spokesman told reporters: "
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