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Guest of honour

Minister of the Economy and Innovation, Manuel Pinho, was the guest of honour at a British-Portuguese Chamber of Commerce dinner hosted by the British Ambassador John Buck at the British Ambassador’s Residence on Wednesday.

The minister talked about investment and energy. In his closing address at the conference European Energy Policy and its expression in Portugal and Spain, Mr Pinho said that energy policy was at the heart of modern societies and that its objective was to create conditions for competitive prices in the short and medium term.

However, he said the issue begged four important, but complex questions: Fighting climatic change caused by carbon dioxide emissions, increasing energy independence thereby reducing the risks created from excessive concentration of raw materials among a reduced number of producers/suppliers, creating opportunities for Portugal’s development via technologically advanced projects and consolidating strong companies in the energy sector and creating more competition.

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