China-UK High Level Economic And Financial Dialogue

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China warns that scuppering Hinkley deal will harm relationship with UK

Britain’s relationship with China will be harmed if Theresa May’s government pulls the plug on the Hinkley nuclear deal, according to the Chinese ambassador to the UK.

Writing in the Financial Times, Liu Xiaoming warns that failing to press ahead with the deal would damage the “mutual trust” between the two nations.

Chinese companies had been expected pay a third of the £18billion building fee for the plant.

May is understood to be skeptical about Chinese involvement in the deal. Her chief of staff, Nick Timothy, has previously written on ConservativeHome that Chinese intelligence agencies “continue to work against UK interests at home and abroad”.

More companies could sue in UK nuclear decommissioning fiasco

The cost of decommissioning Britain’s oldest nuclear plants could be set to spiral, withThe Times reporting that companies are considering suing the government body adjudged to have mishandled the tender.

The newspaper reports that the High Court ruled last month that the Nuclear Decommissioning Authority (NDA) gave the £7bn contract to decommission Britain’s old plants to the wrong company. This has left the body exposed to claims for damages of around £200m.

The claim in that case was brought by Energy Solutions, one of the companies to lose out in the decommissioning deal. Now journalist Marcus Leroux reports that two other consortiums that lost out are also considering making a claim.

Trump sets out fossil-fueled economic plan

Speaking in Detroit, Donald Trump set out a right-wing economic platform that would reverse all President Obama’s efforts to tackle climate change and dramatically reduce regulation on the energy sector.

The Republican presidential nominee pledged to scrap the Paris agreement, renew the controversial Keystone pipeline project and “save the coal industry”.

The news comes with Trump facing the prospect of a conservative challenge for the presidency from Republican Evan McMullin as his poll numbers continue to tumble.

For more on what Trump’s economic plans would mean for the environment, check out this story from Ryan Koronowski of Think Progress.

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