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Green Investment Bank sell-off plans alarm MPs and peers

2015-12-13 01:04:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Controversial plans to privatise the governments Green Investment Bank (GIB) have run into serious trouble in parliament amid fears among MPs and peers that the sale will strip it of any legal requirement to back exclusively green projects and promote a low-carbon economy. Key figures in government have admitted that the sell-off has become hugely problematic, because ministers have been told the switch to the private sector has to include rule changes that will release the privatised bank from...

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