British Labor Party drastically cuts green investment plans. According to Labor, the government has “driven the economy to the wall” The goal of generating electricity in Great Britain from climate-friendly sources by 2030 will still be met.
The heart of the project, known as the “Green Prosperity Plan,” is the establishment of a state-owned company called Great British Energy, with which the energy system can be brought back under the control of the people of Great Britain. Labor wants to finance the plans in part by increasing the excess profits tax for energy companies.