Press release
Govt must heed MPs' warning over 'carbon bubble' threat to economy

Commenting on the Environmental Audit Committee’s report today (Thursday 6 March 2014) on Green Finance, Friends of the Earth’s Economic Campaigner David Powell said:
 
"This is yet another powerful report from expert MPs that damns the Government's failure to transform our broken, polluting finance system.
 
"But the Government’s head is firmly wedged in the sand over its flagging sustainability performance – and vital recommendations on how to improve it are generally batted away or simply ignored.
 
"Unless the Government learns to accept constructive criticism it will continue to squander billions of pounds of investment that are critically needed to build the low-carbon future we so urgently need."

ENDS

Notes to editors:

1. 'Carbon bubble' risk to financial stability, MPs warn | Environmental Audit Committee: http://www.parliament.uk/business/committees/committees-a-z/commons-select/environmental-audit-committee/news/green-finance-por-substantive/

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Published by Friends of the Earth Trust