The Conservatives have sought to draw dividing lines with Labour over the economy although they insist they are still committed to net zero carbon emissions
Britain risks missing out on billions of pounds of investment and 1.7 million green jobs if the GovernmentA group of leading asset managers and banks has written to the Prime MinisterThe firms, which include some of Britain’s biggest pension fund managers, claimed Mr Sunak had caused “uncertainty” by casting doubt on the phase-out of non-electric cars and gas boilers, as well as by unveiling plans to increase oil and gas drilling in the North Sea.
In the letter to Mr Sunak co-ordinated by the UK Sustainable Investment and Finance Association, finance firms said: “We are writing to express concern at Government’s recent public statements and policy signals, which risk undermining the UK’s leadership in the clarity, certainty, and confidence of policymaking toward meeting the UK’s commitment to net zero.”
The group, which includes firms such as Aegon, Scottish Widows, Royal London and Jupiter Asset Management, claimed that 1.7 million “green collar” jobs could be created in the UK if the Government commits to “long-term policy” on the shift to renewable energy.
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