Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-11-26-Speech-3-057-000"
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"en.20141126.7.3-057-000"2
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"Mr President, the reason we need a EUR 300 billion investment package in the EU is because private sector investment is too low. The key reason for that is the eye-watering energy prices in Europe, which are a huge disincentive to investment. These high energy prices, Mr President, are not an act of God or of world markets; they are the direct results of policy decisions which we have taken here in this House. Our green policies are forcing energy-intensive business out of Europe altogether, taking their jobs and their investment with them. Often they go to jurisdictions with lower environmental standards, so arguably we could be increasing global emissions at the same time.
Our objectives in Lima will make matters worse. We are proposing a USD 10 billion fund to assist developing countries on climate issues, but my constituents in the UK are already facing eye-watering energy prices, plant closures and job losses for your green policies. They will be appalled that we are asking them to sacrifice even more on the altar of climate alarmism."@en1
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