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.

 

Occupied Palestinian Territories: Israeli Settleme...
Westminster Hour
 

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Sunday, 25 February 2018

Tommy's Blog Articles

Tommy Sheppard
21 February 2018
Tommy's Blog
My work for you in Westminster
Contributions

The Scottish Government is already giving EU citizens the right to vote in Scottish Parliament elections. At today's Cabinet Office questions I asked the UK Government to extend the right to vote to all those legally living here.

 

Tommy Sheppard
04 February 2018
My work for you in Edinburgh East
Tommy's Blog
Policy
My work for you in Westminster
You may be aware that last week the Scottish Government implemented an effective ban on electronic shock collars for dogs. These are barbaric devices that have no place in the training of dogs. I congratulate Ben Macpherson MSP on his campaign to get this action. However, the Scottish Government have one hand tied behind their back as powers over the sale of such devices is reserved to Westminster...
Tommy Sheppard
29 January 2018
Tommy's Blog
My work for you in Westminster
Contributions

Given the numerous, and pretty serious, incidents in Edinburgh East on Bonfire Night I was very happy to take part in the Westminster Hall debate on an e-petition relating to fireworks. Here's a few clips from the speech.

Fireworks Debate - 29th Jan 18

 

Roz Currie
26 January 2018
Tommy's Blog
Press Release - Friday 26th JanuarySNP politicians are calling on the Tory government at Westminster to use its reserved powers to ban the sale of electronic shock collars across the UK.   Leading animal welfare groups united this week to praise the SNP Scottish Government’s decision to use its devolved powers to introduce a “prompt and effective” ban on the use of shock collars and other forms of...
Tommy Sheppard
26 January 2018
Tommy's Blog
Contributions

Here's my speech at the Council of Europe urgent debate on Palestine. Trump's recent actions have made America's role as a mediator untenable. It now falls to Europe to step up to find a solution for Israel and Palestine.