Chancellor’s City of London Plan is half-hearted Treasury spin

Responding to the Government’s plans to ask large UK firms and financial institutions to show how they intend to hit climate change targets, Liberal Democrat Leader and former Secretary for Energy and Climate Change Ed Davey MP said: “If we do not force fossil fuel money out of the City of London, we will never stop climate change in the UK or the wider world.

Liberal Democrat Leader Ed Davey

“The Chancellor’s plan, that net zero is not to be mandatory for the world’s largest polluters financed in London, is a serious mistake.

“Billions of pounds of the world’s fossil fuel money flood through the City of London: half-hearted plans and Treasury spin are simply not going to change that.”

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