I will ask the noble Baroness a quick question. She said that this would be in the interest of the Green Investment Bank. The Green Investment Bank is a commercial institution which you are about to sell, so the terms of its commercial operations are very different—they are not inherently in the public interest because the public interest is defined as the mission which you gave it, and the members of the Green Investment Bank and its management have an obvious alternative economic interest. When you use the terms “public interest” and “the Green Investment Bank’s interest” they are two entirely different things which may conflict in many ways when it comes to a transaction. Could the noble Baroness please be a bit clearer about what she means when she uses those terms?
Enterprise Bill [HL]
Proceeding contribution from
Lord Mendelsohn
(Labour)
in the House of Lords on Wednesday, 4 November 2015.
It occurred during Debate on bills
and
Committee proceeding on Enterprise Bill [HL].
About this proceeding contribution
Reference
765 c327GC Session
2015-16Chamber / Committee
House of Lords Grand CommitteeSubjects
Librarians' tools
Timestamp
2015-11-19 17:09:58 +0000
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