Monday, June 23, 2008

Imprudent Brown Goes to King to Ask Him to Buy Up Britain

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Photo of Gordon Brown with King Abdullah courtesy of Arab News

ARAB NEWS: JEDDAH: British Prime Minister Gordon Brown yesterday offered to open his country’s energy markets to oil-producing states and urged them to reinvest some of the $3 trillion additional revenue realized from the current oil boom. “They can invest in UK energy production, including wind, solar and a new wave of nuclear power stations,” the prime minister said in an address to the Jeddah Energy Meeting.

Brown, who followed the inaugural address by Custodian of the Two Holy Mosques King Abdulah, said his government plans, to be published in the coming week, would put a price tag of 100 billion pounds for the UK to meet its share of an EU target to generate 20 percent of energy from renewables by 2020. “Much of this could come from the sovereign wealth funds of Gulf states,” he said. Brown Wants Oil Profits Plowed Back into Energy Investments >>> By Samir Al-Saadi | June 23, 2008

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