IS IT A BANK? IS IT GREEN?
28 November 2012
Scottish Greens are urging caution in light of today's launch of the Green Investment Bank.
Patrick Harvie, MSP for Glasgow and enterprise spokesperson for the Scottish Greens, said:
"It's hard to see how this bank will live up to the hype. Investing in sustainable, clean forms of energy is obvious but this bank isn't being allowed to borrow from the markets so its full potential is being restricted.
"It was also disappointing to hear Vince Cable on his visit to Scotland today refusing to rule out using the bank to support nuclear projects. And of course we know the Chancellor is openly hostile to a green route out of recession.
"You really have to question whether this bank will help us shift to a low carbon economy, when both the UK and Scottish governments continue to support fossil fuel extraction and aviation growth."