20 May '11, 4pm

About time... Chris Huhne agrees to work with Industry Task Force on Peak Oil to develop Oil Shock Response Plan

Energy and Climate Change Secretary Chris Huhne yesterday agreed to develop an 'Oil Shock Response Plan', following a meeting with the UK Industry Taskforce on Peak Oil and Energy Security (ITPOES). The group, which was formed by Arup, B&Q, Buro Happold, Solarcentury, SSE, Stagecoach and Virgin, and campaigns for greater awareness of the economic threat presented by dwindling oil supplies, said that the meeting had proved "constructive" and had helped to advance the energy security dialogue. FURTHER READING IEA urges OPEC to open the taps The green business game-changer Specifically, Huhne agreed that DECC and ITPOES would work together on peak oil threat assessment and contingency planning. Details on the collaboration are yet to be agreed, but the group is expected to be tasked with modeling some of the impacts that could result if, as growing number of experts fear, glo...

Full article: http://www.businessgreen.com/bg/news/2072738/exclusive-go...

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