Archived press release
Press & Media
Welcoming the launch of the Green Investment Bank today (Wednesday 28 November), Friends of the Earth Economics campaigner David Powell, said:
"It’s great news that the long awaited Green Investment Bank finally opens its doors for business today, after years of campaigning by Friends of the Earth and despite notable resistance from the Treasury.
"But if the economy is going to get the green kick-start it needs, the Bank must be released from George Osborne's miserly grip and be allowed to borrow from the markets so it can actually invest.
"Legislation for the Bank is still going through Parliament – we hope the Lords will throw out Osborne's ludicrous restrictions and give us a much more powerful Bank that can drive green growth and help create thousands of jobs."