The Labour Party revealed its green energy strategy on Monday, including the news that it will offer £500 million a year for the low-carbon sector but allow North Sea oil and gas production to continue “for decades”.
Speaking on Monday (June 19), Labour leader Sir Keir Starmer said his party would allocate the huge sum to clean energy companies for each of the first five years of government as part of the Green Prosperity Plan. The money would provide capital gains to companies in low-carbon industries such as wind and solar energy, and carbon capture.
