Green Investment Bank could be killed off by sale, warns Caroline Lucas


The UK's Green Investment Bank could be killed off if the Government goes ahead with plans to sell it, Green Party co-leader Caroline Lucas has said.

She warned the preferred bidder, Australian investment bank Macquerie, has a "very worrying and dubious track record" and is likely to asset strip the company and discard its green ideals.

Ms Lucas urged ministers to halt the planned sale of the bank, which supports offshore wind farms and other green projects.

Asking an urgent question in the Commons, she said: "Will the minister admit that this selling off could lead to the bank being fatally undermined as an enduring institution?

"Will he stop the killing off of the Green Investment Bank? Will he halt the sale process with immediate effect?"