Peak oil warning

Dec 16 - UK companies warn government against an impending oil supply crisis.

A recent report from the Industry Taskforce on Peak Oil and Energy Security warns that supplies of cheap, easily accessible oil will start to diminish by 2013.

The industry lobby group, which includes Virgin, Yahoo, Solarcentury and transport operator Stagecoach, wants the Government to dramatically increase investment in clean energy and renewables to avoid an energy crisis.

Michelle Carlile-Alkhouri reports.