Green Investment Bank sale is 'deeply troubling', say Scottish ministers
by Adam Vaughan from Environment | The Guardian on (#27R3K)
Climate minister Nick Hurd told bank's portfolio will be broken up and asset-stripped by Australia's Macquarie
The prospect of the UK Green Investment Bank being stripped of its assets in a sale to Australian investment bank Macquarie is "deeply troubling", Scottish ministers have told Westminster.
The sale of the Edinburgh-based bank, which supports offshore windfarms and other green projects, is expected to be agreed in January. But the Labour party, Liberal Democrats, Greens and former Conservative ministers have all raised concerns in recent weeks that privatisation may see the bank lose its environmental purpose.
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