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Reul Report

Plenary Speech - Monday, 22nd October 2007

Mr President

There is much to commend in this report. Of course it makes the ritual genuflection to climate change hysteria, despite increasing doubts about the supposed link between CO2 and climate. But it also recognises the importance of diversifying energy supplies, and of using fossil fuels, including coal, in the energy mix.

It emphasises the need for energy security, and in this context, it rightly points to the need for energy efficiency, for continuing use of domestic resources including coal, and for nuclear energy, both the current use of fission, and the vital research on fusion, which is a great hope for the future.

Mr President, the most remarkable factor in the energy debate is the way that the Greens and their fellow-travellers agonise over carbon emissions, yet set their faces against the only mainstream low-carbon generating technology. With oil at $90 a barrel, it is time to recognise that nuclear is the cheapest, safest, cleanest, most sustainable and predictable mainstream base-load generating technology available.

And as my colleague Alejo Vidal-Quadras has said, "Nuclear waste disposal is a technical problem which has been solved".