We spoke to Energy Secretary Ed Miliband about the plans for Great British Energy.
We’ve had a terrible cost of living crisis in Britain over the last couple of years, and that comes from our dependence on fossil fuels. Both fossil fuels that we produce at home and those we import, because they’re sold and priced on the world market. So dictators and petro-states can control those prices. So our mission on which we were elected, our mandate, was to become a clean energy superpower.
So one of the other things it’s going to be doing is investing around the country in clean energy projects, and we want to see local people near those clean energy projects get a benefit from that. So there’s lots of things we can do with this income, but it’s income for the country.The King won’t make money out of the GB Energy investments. His Majesty gets a share of the Crown Estate investments, and will continue to do so. That’s negotiated with the treasury.
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