Business: Coronavirus

(asked on 6th November 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if his Department will take steps to ensure that businesses sign contractual commitments to help deliver the Government's target of net zero emissions by 2050 when disbursing loans to support businesses during the covid-19 outbreak.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
President of the Board of Trade
This question was answered on 16th November 2020

The Government’s unprecedented package of support in response to Covid-19 has been targeted at the businesses and individuals who most need assistance, while ensuring that the measures are simple, certain and introduced in a timely manner to protect livelihoods.

Alongside the focus on supporting the economy, the Government continues to take its environmental responsibilities very seriously. Companies receiving support as a Last Resort Business Intervention will need to agree to appropriate conditions, including those on climate where we expect companies to commit to ambitious conditions on Net Zero targets. The first company to receive any such support committed to ambitious conditions around climate change and Net Zero targets.

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