Labour cuts £28bn green investment pledge by half
by Kiran Stacey and Fiona Harvey from Environment | The Guardian on (#6JFVW)
Keir Starmer announces party will now spend less than 15bn on green projects a year if it wins election
Labour has cut its green investment plans by half, ending weeks of speculation and confirming the biggest and most controversial U-turn of Keir Starmer's leadership.
In a move that prompted an angry response from environmental groups, unions and some in the energy sector, Starmer and Rachel Reeves, the shadow chancellor, jointly announced they would slash the green prosperity plan from 28bn a year to under 15bn - only a third of which would be new money.
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