'A misjudgement': Official report slams government privatisation of Green Investment Bank

James Murray
clock
'A misjudgement': Official report slams government privatisation of Green Investment Bank

Public Accounts Committee concludes privatisation failed to adequately protect Green Investment Bank's core environmental purpose, as campaigners accuse Treasury of 'economic vandalism'

The Public Accounts Committee (PAC) of MPs has today slammed the government's handling of the Green Investment Bank (GIB), accusing Ministers of failing to adequately assess the bank's performance and...

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
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Investment

Credit: iStock

Energy Charter Treaty: UK claims 'carve-out' reforms will help strengthen net zero ambitions

But campaigners slam concessions, arguing they continue to give fossil fuel investments another 10 years of legal protection

Michael Holder
clock 24 June 2022 • 4 min read
The UK needs an army of 'retrofit technicians' to reach net zero

The UK needs an army of 'retrofit technicians' to reach net zero

Ministers must urgently address a growing green skills chasm in the home retrofit sector that threatens to derail the UK’s decarbonisation agenda, argues the CSE's Ian Preston

Ian Preston, Centre for Sustainable Energy
clock 24 June 2022 • 3 min read
Wind farms in the North Sea will soon power German steelmaking. Credit: RWE

RWE and ArcelorMittal ink major wind farm and green hydrogen deal

Partnership comes as Global Energy Monitor report warns steel industry faces $518bn of stranded assets unless measures to decarbonise are taken now

clock 24 June 2022 • 5 min read