When London submitted its bid to host the 2012 Olympic Games, it sweetened its offer with a promise "to purchase emission reduction credits and to invest directly in clean energy projects in the developing world to offset ... emissions." Harsh reality has sounded a wake up call for Londoners and the prospect of shipping millions of pounds overseas to finance projects with no connection to the Olympics (that will have no meaningful impact on our climate) no longer seems so sporting.
Reuters reports that with half of major energy suppliers in the UK announcing double digit price increases for electricity and gas the British public has had enough. 75 percent now favor abandoning Britain's green agenda if it means higher prices.