Tommy Sheppard

MP for Edinburgh East

Green Investment Bank

The Green Investment Bank is vital because it funds innovative but high-risk low-carbon projects. This is crucial in Scotland where we have a huge amount of green energy potential. But in order for low carbon energy to become a low cost energy option we need investment in research and development.

I am extremely concerned about the privatisation of this important institution. Even more so since the reports that the privatisation may result in an asset stripping exercise. This goes against previous commitments made to the Scottish Government.

At the very least we have asked for guarantees that the Bank will remain headquartered in Edinburgh, that the highly skilled jobs within the Bank will be retained and the Bank’s green purpose – which enables it to invest in innovative new renewable technologies – will be protected.

In Scotland almost 50% of our electricity consumption is now coming from renewable sources. The GIB plays a key role in driving the green economy and we must keep investing so that this can continue to increase.

If the GIB is allowed to be asset stripped it will just become another investment bank. And quite frankly we have enough of those already.

Both the Scottish Government and SNP MPs at Westminster will continue to press the UK Government for further commitments to protect the GIB so that we can drive forward the green agenda, promote future growth and create more jobs both within the organisation and the wider sector.

 

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Friday, 27 April 2018

Tommy's Blog Articles

Tommy Sheppard
26 April 2018
Tommy's Blog
Media
Since the 30th March Palestinians in Gaza have been peacefully protesting. They will continue until the 15th May - the 70th anniversary of the Nakba, the name Palestinians have for the events that displaced them from their homes when Israel was created.The protests are billed as the “Great Return March” to make the point that it’s time to leave Gaza and go back to where they came from. But try tha...
Tommy Sheppard
29 March 2018
Tommy's Blog
Policy
We need to change the law on drugs. In fairness, that’s always been my view. But until now I’ve done little about it as an MP. Why? Partly because there’s always been something I’ve felt was a greater priority – and partly because I know well how views can be distorted and used against people in public life.But that changes now. Three different events over the past few weeks have made me realise t...
Tommy Sheppard
28 March 2018
Tommy's Blog
My work for you in Westminster
Contributions

I asked the Minister if the government would require the Electoral Commission to disclose donations for parties in Northern Ireland from before 2015. This follows allegations of dark money from the Constitutional Research Council, which is linked to the Scottish Tories, to the DUP. As usual, no straight answer.

 

Tommy Sheppard
23 March 2018
My work for you in Edinburgh East
Tommy's Blog
Recently I visited the Royal Infirmary of Edinburgh where I met the inspiring Resuscitation Research Group who are developing innovative approaches to improving the outcomes for out-of-hospital cardiac arrests.The group told me that every year in Scotland more than three and a half thousand people suffer a cardiac arrest, and unfortunately survival rates are very low at just one in twenty....
Tommy Sheppard
21 March 2018
Tommy's Blog
My work for you in Westminster
Contributions

The Secretary of State for Northern Ireland is unable to answer my question on the Irish Border. Legitimate questions deserve proper answers not the same old Tory rhetoric.