Green Investment Bank

(asked on 19th December 2016) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will undertake an environmental impact assessment of current and previous activities of the Government's preferred bidder for the UK Green Investment Bank; and if he will publish any such assessment before the sale of the Government's shares is agreed.


Answered by
Nick Hurd Portrait
Nick Hurd
This question was answered on 9th January 2017

As part of the sale process, the Government has asked potential investors to confirm their commitment to the Green Investment Bank’s (GIB) green values and investment principles and how they propose to protect them. Government does not intend to undertake an environmental impact assessment on any potential bidders for GIB.

The Government has committed to lay a report before Parliament on the sale of the Green Investment Bank, as soon as reasonably practicable after a disposal of shares has taken place, and this is also a requirement in the Enterprise Act 2016.

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