CBI calls for environmental legislation change

The Confederation of British Industry (CBI) has called for a change in environmental legislation after asking the government to improve energy investment goals.

Earlier today (August 9th), the CBI released a report entitled No Time to Lose: Deciding Britain's Energy Future, which informed the government that it needed to deliver energy reforms over the remainder of 2010.

It reported that if it failed to do this, it would risk undermining targets for carbon emissions.

The report also stated that without a change in government policy over £150 billion of investment in low-carbon energy infrastructure from private companies is unlikely to materialise.

CBI deputy director-general John Cridland said: "Energy companies are unable to get the ball rolling on new infrastructure projects when it is unclear how the future planning regime will work."

He added: "We need investment from companies, not delays from government."

In response to the report, EDF Energy announced that it welcomed the CBI's actions.

Chief executive for the firm Vincent de Rivaz added that "action is required now" in order to achieve emissions targets.

Posted by Lauren Steadman