Hancock Takes the Helm of UK Energy Ministry

UK Prime Minister David Cameron announced a cabinet reshuffle, which includes Michael Fallon. Ahead of a national election in May 2015, the former Energy Minister has been appointed as Defence Secretary. Matthew Hancock, 35 years old, has been indicated as the successor of Fallon at the helm of the Energy Ministry. 

Some commentators wrote that the reshuffle increases the likelihood of an anti-European position of the government and of a Scottish independence. 

DAVEY WELCOMES HANCOCK

“I want to thank Michael Fallon and Greg Barker for their immense contributions to turning around the legacy of energy underinvestment we inherited. I was particularly grateful to Greg for his support on my battles on climate and to Michael, for his backing for my pro-competition approach to the Big Six,” commented Edward Davey, Secretary of State for Energy and Climate Change. 

Greg Baker, former Minister of State for Climate Change, will be followed by Amber Rudd, MP for Hastings and Rye. 

“I’m looking forward to welcoming Matthew Hancock and Amber Rudd to DECC. They join us as we are increasingly demonstrating the success of our policies to meet Britain’s energy and climate change challenge. I know their combined experience and abilities will be an enormous asset as we complete this Government’s work,” Davey added. 

The new British Ministers will be called to improve transparency in the energy sector in order to avoid possible market distortions.