The government has been warned it needs to take a quick decision to spend almost £1bn to experiment with the potential benefits of carbon sequestration and capture to fight global warming.
Gordon Brown has spoken about Britain becoming a pioneer in this revolutionary sector and the energy white paper outlined the criteria by which companies would compete for part-funding for trials - The Guardian
Households devastated by the floods could be left up to £200 million out of pocket, it emerged yesterday. Each of the estimated 7,000 flooded households not covered by contents insurance could lose up to £30,000, according to the Association of British Insurers (ABI) - The Daily Telegraph
A drive to cut Olympic construction costs is threatening to suck in large numbers of 'bogus self-employed' migrant workers, leading to widespread tax avoidance and blocked work opportunities for local people, ministers have warned. Alan Ritchie, general secretary of UCATT, the construction union, warned that a decision by the Olympic Delivery Authority to allow contractors to recruit self-employed workers would encourage tax abuse and reduce site safety - The Financial Times
Metronet's chief executive has admitted the main private contractor on the London Underground should have approached its multi-billion pound station upgrade programme in the same way as Tube Lines, its successful smaller counterpart. However Andrew Lezala insisted Metronet was facing unexpected cost increases which have not so far applied to Tube Lines - The Financial Times
Starwood Hotels & Resorts and Accor Hotels are in talks with authorities in Dubai to open a £2 billion hotels and offices complex planned for the new Dubai World Trade Centre district. Dubai World Trade Centre has started construction work for a 11 million sq m site at the heart of Dubai city that will include three hotels, serviced apartments and five or six skyscraper office blocks covering 230,000 sq m - The Times
New homes built on sites vulnerable to flooding could be uninsurable if the Government fails to release up-to-date information it holds on flood defences, insurers warned yesterday - The Independent