National Audit Office: No 'legal obligation' for Macquarie to continue Green Investment Bank's long-term mission

Madeleine Cuff
clock
National Audit Office: No 'legal obligation' for Macquarie to continue Green Investment Bank's long-term mission

Report reveals fresh details about controversial sale, including the impact of delays on bank's lending ability and failure by government to secure legally binding green guarantees

A new report from the National Audit Office (NAO) has revealed the Green Investment Bank's new owners Macquarie only promised to secure the bank's green mission for three years after a direct intervention...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Receive full access to businessgreen.com, indispensable information for business professionals

Choose from our 3 paid membership levels

Join now

 

Already a BusinessGreen
member?

Login

More on Policy

Net Zero Festival: How to engage the public with the net zero revolution

Net Zero Festival: How to engage the public with the net zero revolution

VIDEO: Professor Rebecca Willis, Hubbub's Heather Poore, Viki Cooke from BritainThinks tackle that most crucial of questions for green policymakers and businesses

BusinessGreen staff
clock 26 October 2021 • 1 min read
Community climate action is critical - but it needs patient, flexible and affordable finance to scale

Community climate action is critical - but it needs patient, flexible and affordable finance to scale

The mainstream finance sector is missing out on a major opportunity to tackle climate change by supporting community energy and climate initiatives, writes Ethex CEO Lisa Ashford

Lisa Ashford, Ethex
clock 25 October 2021 • 4 min read
Juliet Davenport stepped down as Good Energy's CEO in May

What Juliet did next: Good Energy founder launches on-site renewable energy investment trust

Atrato Onsite Energy is aiming to become the first London-listed company with an all female board after it floats next month

Cecilia Keating
clock 25 October 2021 • 2 min read