Labour

Carbon reporting announcement a fig leaf in Rio to draw attention from Government’s failure - Creagh

Mary Creagh MP, Labour Shadow’s Environment Secretary, responding to today’s announcement on carbon reporting by large businesses, said:
 
"Today’s announcement is a fig leaf in Rio to draw attention away from the Government’s failure to back low carbon growth and jobs, create marine reserves and the continued uncertainty surrounding the forest sell-off. Labour in government created the legal framework for carbon reporting, as we understand the global competitive advantage and cost savings it will bring to UK plc. It is disappointing that this out of touch Government has delayed implementing it for so long and are limiting carbon reporting to just 1800 quoted companies, all of whom already have a duty to report their environmental performance.
 
"In the last two years, the UK has fallen from third in the world for investment in green technologies to seventh, as the Chancellor has created uncertainty for companies looking to invest in the UK’s world-leading green technologies. We urgently need a new impetus to create the green jobs and growth to lift us out of this double-dip recession."