Difference between revisions of "Michael Fallon"
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| − | Fallon has played a key role in the negotiations with [[EDF Energy]] | + | Fallon has played a key role in the Government's torturous negotiations with [[EDF Energy]] to agree an electricity 'strike price' that could enable the French nuclear firm to move ahead on its [[Hinkley Point C nuclear power station]] project. |
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| + | In October 2013 Fallon defended the Coalition's decision to guarantee the price for each megawatt hour of power produced by Hinkley at £92.50, four times the original estimated by EDF, and twice today's wholesale prices. Nuclear power stations, he told The ''Daily Telegraph'', will ultimately prove a cheaper and less controversial alternative than wind power. | ||
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| + | :This is the first in a wave of new nuclear plants to replace the ageing fleet that Labour did nothing to tackle. | ||
| + | Without new nuclear local people would face many thousands more wind farms blighting our landscape. By contrast, nuclear power is popular in areas that have existing stations and will deliver significant jobs and investment. <ref> [http://www.telegraph.co.uk/finance/personalfinance/consumertips/household-bills/10395104/Nuclear-power-station-will-avoid-blight-of-30000-wind-turbines-minister-says.html ], The Telegraph acc 1 November 2013</ref> | ||
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| + | The much-criticised deal however still needs to be reviewed by the European Commission under its state aid rules, which could take another 12 months. But if given the go-ahead, EDF Energy will earn billions of pounds of income. | ||
==Background== | ==Background== | ||
Revision as of 02:44, 1 November 2013
|
This article is part of the Nuclear Spin project of Spinwatch. |
Michael Fallon (born 1952) is the Member of Parliament for Sevenoaks and deputy chairman of the Conservative Party since September 2010. He was appointed business minister in September 2012 at the Department for Business, Innovation and Skills (BIS)[1] and in March 2013 also as Minister of State for Energy in the Department of Energy and Climate Change.
Fallon was appointed a Privy Counsellor in 2012. [2]
His special adviser at BIS is James Wild, a former lobbyist for Hanover Communications.
Contents
Nuclear activities
In February and July 2013 Fallon attended the high-level Nuclear Industry Council meetings chaired by John Hutton, nuclear industry lobbyist and former energy minister under Labour.
Russian deal
In September 2013 at meeting with the Russian state nuclear firm Rosatom Director General, Sergey Kirienko, Fallon signed a Memorandum of Cooperation for Rosatom, Finnish utility Fortum and the UK's Rolls-Royce to jointly explore building and operating VVER nuclear power plants in the UK. The three firms will prepare a VVER reactor generic design assessment and assess opportunities for licensing of a nuclear power plant construction site in the UK. Rosatom’s VVER reactors currently operate in 11 countries. World Nuclear News reported that,
- Fallon said that he welcomed the agreements signed by the three companies, adding that all reactor technologies adopted in the UK must meet the “stringent and independent” regulatory standards required in the UK and the EU.
China deal
EDF Hinkley deal
Fallon has played a key role in the Government's torturous negotiations with EDF Energy to agree an electricity 'strike price' that could enable the French nuclear firm to move ahead on its Hinkley Point C nuclear power station project.
In October 2013 Fallon defended the Coalition's decision to guarantee the price for each megawatt hour of power produced by Hinkley at £92.50, four times the original estimated by EDF, and twice today's wholesale prices. Nuclear power stations, he told The Daily Telegraph, will ultimately prove a cheaper and less controversial alternative than wind power.
- This is the first in a wave of new nuclear plants to replace the ageing fleet that Labour did nothing to tackle.
Without new nuclear local people would face many thousands more wind farms blighting our landscape. By contrast, nuclear power is popular in areas that have existing stations and will deliver significant jobs and investment. [3]
The much-criticised deal however still needs to be reviewed by the European Commission under its state aid rules, which could take another 12 months. But if given the go-ahead, EDF Energy will earn billions of pounds of income.
Background
Fallon was born in Scotland, and educated at Epsom College.
- Fallon is a graduate of St Andrews University (MA Honours) and began his political career as MP for Darlington from 1983-1992. He was Parliamentary Private Secretary to the Rt.Hon. Cecil Parkinson, Secretary of State for Energy from 1987 to 1988 when he became a Government Whip. In 1990 he joined Margaret Thatcher's Government as Parliamentary Under-Secretary of State for Education (Schools Minister), and continued to serve under John Major.
- Between 1992 and 1997 he developed his business career as a director of three companies founded by Dragons Den star Duncan Bannatyne before returning to Parliament in 1997. He served as a shadow Treasury Minister under William Hague before joining the Treasury Select Committee of which he was deputy chairman from 2001 until 2010. [4]
Affiliations
- Associate Parliamentary Group on Wholesale Financial Markets and Services
- House of Commons Treasury Select Committee
- Tullett Prebon brokerage - held an independent non-executive director, for which he received a regular quarterly payment ranging between £6,436.08 and £7947.78. He resigned this directorship on 28 May 2010 [5], was reappointed 28 September 2010. [6]
- Attendo AB - Scandinavian social and health care provider. Received annual fee of £13,651.09 net. Hours: 20 hrs approximately. (Registered 17 January 2012). Resigned 25 April 2012 [7]
- Quality Care Homes plc (nursing homes), former director [2]
- Just Learning Ltd (day nurseries), former director[2]
Publications
- The Quango Explosion: Public Bodies and Ministerial Patronage by Philip Holland and Michael Fallon, 1978, Conservative Political Centre ISBN 0-85070-621-1
- Sovereign Members by Michael Fallon, 1982
- The Rise of the Euroquango by Michael Fallon, 1982, Adam Smith Institute ISBN 0-906517-22-2
- Brighter Schools: Attracting Private Investment into State Schools by Michael Fallon, 1993, Social Market Foundation ISBN 1-874097-15-1
Resources
- Community benefits for sites that host new nuclear power stations. Written Ministerial Statement by Energy Minister, Michael Fallon, on the benefits for communities hosting new nuclear power stations. Department of Energy & Climate Change, Delivered on 17 July 2013.
- Tamasin Cave, Has the Energy Minister been hanging out with fracking lobbyist?, Spinwatch blog, 7 October 2013
Contact
- Address:Sevenoaks Conservatives, Becket House, Vestry Road, Sevenoaks, TN14 5EL
- Email: office@sevenoakstory.org.uk /
- Website: http://www.sevenoaksconservatives.org
Notes
- ↑ Michael Fallon becomes business minister, The Telegraph, September 2012, acc 5 September 2012
- ↑ 2.0 2.1 2.2 About Michael, Michael Fallon's website, acc 3 April 2012
- ↑ [1], The Telegraph acc 1 November 2013
- ↑ Michael Fallon, MP, Conservatives.com, accessed 15 May 2012
- ↑ House of Commons, Register of MP's Financial Interests, as of 6 September 2010
- ↑ House of Commons, Register of MP's Financial Interests, as of (date)
- ↑ House of Common MPs Register of Financial Interests
