Green Investment Bank sold

News stories related to Energy Efficiency, Climate Change and Fuel Poverty. We'd very much like to here you're views on any of the stories we post here. (Please note that only Admin members can post new topics in this forum)
Post Reply
[phpBB Debug] PHP Warning: in file [ROOT]/vendor/twig/twig/lib/Twig/Extension/Core.php on line 1266: count(): Parameter must be an array or an object that implements Countable
ALEO Admin
Site Admin
Posts: 708
Joined: Wed Mar 09, 2011 2:39 pm
[phpBB Debug] PHP Warning: in file [ROOT]/vendor/twig/twig/lib/Twig/Extension/Core.php on line 1266: count(): Parameter must be an array or an object that implements Countable

Green Investment Bank sold

Post by ALEO Admin » Tue Apr 25, 2017 4:47 pm

On 20 April, the Government completed the sale of the Green Investment Bank (GIB) in a £2.3 billion privatisation deal.

Australian investment bank Macquarie will pay £1.7 billion, with the remaining £600 million supplied by UK-based pension fund Universities Superannuation Scheme. The Government will retain a £130 million stake.

The sale has been controversial, with a judicial review, initiated by a rival bidder, recently rejected by the courts.

Edie.net reports that "The GIB's privatisation has faced a wave of opposition from green campaigners and senior officials in Westminster. Green Party co-leader Caroline Lucas has today criticised the 'reckless decision' to sell off the bank as 'undermining the low-carbon economy', while former Energy Minister Greg Barker has said control over the bank should be retained by ministers at BEIS who have the 'right vision' and 'understand its value'."

To read more, visit:
https://www.edie.net/news/11/UK-Green-I ... Macquarie/
Top
Post Reply
[phpBB Debug] PHP Warning: in file [ROOT]/vendor/twig/twig/lib/Twig/Extension/Core.php on line 1266: count(): Parameter must be an array or an object that implements Countable
[phpBB Debug] PHP Warning: in file [ROOT]/vendor/twig/twig/lib/Twig/Extension/Core.php on line 1266: count(): Parameter must be an array or an object that implements Countable
[phpBB Debug] PHP Warning: in file [ROOT]/vendor/twig/twig/lib/Twig/Extension/Core.php on line 1266: count(): Parameter must be an array or an object that implements Countable

Return to “UK National News and Announcements”

Who is online

Users browsing this forum: Google [Bot] and 12 guests