Britain's Labour Party is watering down a green investment pledge. Environmentalists are unimpressed

Source: Associated Press

Britain’s Labour Party is watering down a green investment pledge. Environmentalists are unimpressed

BY JILL LAWLESS
Updated 1:09 PM EST, February 8, 2024

LONDON (AP) — Environmental groups on Thursday criticized Britain’s opposition Labour Party for ditching a pledge to invest 28 billion pounds ($35 billion) a year in green projects if it wins an upcoming general election.

Labour leader Keir Starmer said the party could no longer commit to the figure because the Conservative government had left the economy in dire condition.

“Interest rates have gone though the roof; we have to adjust,” he said.

The left-of-center party has been out of power since 2010, but leads Prime Minister Rishi Sunak ’s Conservative Party in opinion polls, with a national election due to be held this year.

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Read more: https://apnews.com/article/uk-labour-green-investment-backtracking-d4e7a7ec8d9355ef2bd3108b8e0327bf