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Greenpeace slams GIB sale

UK government poised to confirm Macquarie as buyer

Greenpeace slams GIB sale image

Greenpeace has said the UK government’s imminent sale of the Green Investment Bank (GIB) to Australian outfit Macquarie is a “disaster”.

Climate minister Nick Hurd is expected to formally announce the sale of GIB today. 

Greenpeace UK policy director Doug Parr said the sale, understood to be for £2.3bn, would slow the country’s transition to a clean energy system by giving away one of its “key tools for advancing green technologies".

"If the government picks up its pace, the UK could be a world leader in renewable and green technology. But selling a great British success story, which levered private money into eco-projects, to a controversial Australian bank known for asset-stripping, is a disaster," he added.

Image: Green Investment Bank chief executive Shaun Kingsbury (GIB)

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