The Government spent seven times more on paying off bankers and 20 times more money bailing out the car industry than on environmental initiatives, campaigners have claimed Full Story »
Posted by Dwight Rousu
The British report shows the money is going to perpetuate the banking system of the wealthy rather than into sustainable economy measures such as renewable energy.
The report compared the £120 million spent on the green economy to the £775 million bonuses paid to staff at the Royal Bank of Scotland and £2.3 billion paid out to the car industry. It said the Government could be missing a “huge opportunity” to boost the economy, ensure energy security and tackle climate change through investing in renewables and green jobs. In a separate report, the Government’s sustainable development adviser argued that the pursuit of economic growth is one of the root causes of the current financial crisis, as well contributing to climate change.
