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Bermuda could have imported liquefied natural gas as an alternative to costly oil in as little as three to five years if all falls into place.
This from Ascendant Group president and CEO Walt Higgins, who says residents could see a savings of at least 15 percent on their electricity bills.
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Bermuda could import liquefied natural gas (LNG) as an alternative to oil in as little as three to five years.
This from Ascendant Group president and CEO Walt Higgins, who says residents could see savings of at least 15 percent on their electricity bills.
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ROYAL GAZETTE, 21 FEB 2014 -- Power firm BELCO's monopoly on energy supply will be broken, Finance Minister Bob Richards said in his Budget speech.
Mr Richards said the firm's lack of competition was a contributing factor to the Island's failure to climb out of the recession.
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Government is key to helping promote use of alternative power through incentives and policy.
Government could provide more incentives to allow people to install alternative sources of power. Greenrock is hoping to see signs in the Budget that Government is taking the issue of the Island's reliance on fossil fuels, such as oil and gas, more seriously and is starting to implement recommendations from its white paper on energy.
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The countdown has started towards Earth Hour 2014.
On Saturday March 29, everyone in Bermuda is being asked to turn off all their lights from 8.30pm to 9.30pm to mark Earth Hour, a global initiative involving millions of people showing their concern for the environment.
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