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He said further information would be released to creditors next week

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He said further information would be released to creditors next week.Patricia Hewitt, the Trade Secretary, has set a 30 September deadline for agreeing the rescue and has said she is "well prepared" for British Energy to go into administration.. They, along with Citigroup and Slaughter & May, which are advising the Government, are set to share up to £100m in fees for their work on the rescue.Clifford Chance refused to comment, referring questions to British Energy, whose spokesman said the accusation was unfair. The Government may be forced to back down on its tough stance of saying it will push British Energy into administration if its £4bn restructuring is not agreed by 30 December. UK Coal is awaiting a response from the Department of Trade and Industry on whether it can access the funds to develop new coal reserves in the UK The subsidy would safeguard 4,000 jobs, the company said.. It is urging its staff to write to Defra and their local MPs on the issue, telling them this will "help safeguard your job and the community in which you live".The Government has promised £60m in subsidy for the industry. We will take the final view after the consultation."Earlier this month, UK Coal, which employs 10,000 staff, reported reduced losses in its first-half results, helped by the sale of property and by flexible working practices.UK Coal declined to confirm the meeting with Mr Timms.

"We have proposed the [national trading system] version because we believe it represents the best overall approach in terms of environment impact and cost benefit considerations," said a spokesperson for the Department for Environment, Food and Rural Affairs (Defra), which is working with Mr Timms on the proposals "That is only the preliminary view We recognise that the issues are finely balanced. But it must tell the EC how it will implement the Large Combustion Plant Directive by November. "I think he was sympathetic to our call," said Bill O'Brien, MP for Normanton in Yorkshire.The Government's consultation finishes at the end of the month. But some generators could close down coal-fired stations rather than face that expense.The Government's view is that the trading system will be cheaper, yet it has not taken into account the costs of mine closures and the loss of jobs, says UK Coal, the country's largest coal producer.On Wednesday, a group of MPs with coalmines in their constituencies met Tony Blair to press him on the potential plight of the miners. But coal producers say this would force the stations to buy foreign coal, which contains less sulphur.UK Coal advocates an altern- ative method, where power stations fit equipment that reduces sulphur emissions.

It proposes to set a total limit for sulphur emissions and then allow power stations to trade their share. The Government must implement the restrictions by 2008 to comply with a Brussels directive. The aim of the Campaign for Transparency is to reduce the opportunity for corruption and questionable dealings.. Britain's coal industry faces ruin with the loss of 15,000 jobs, the Government will be told tomorrow. A workshop on how they can be applied practically will be held in November with key- note speeches from Stephen Timms, the energy minister, and Lord Porritt, former director of Friends of the Earth.Ros Oakley, project director for Sigma, says the next step is likely to be to turn the guidelines into a standard, working with the BSI.There is already talk of a global CSR standard, which is being developed by the Inter- national Organisation for Stand- ardisation, and the two are likely to be complementary.In another development, it has emerged that the US government and leading oil firms are backing an initiative supported by Tony Blair to increase disclosure of financial transactions in the oil industry.

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