Breaking News
Investing Pro 0
Cyber Monday Extended SALE: Up to 60% OFF InvestingPro+ CLAIM OFFER

Khan urges green investment, snipes at Truss policies

Economy Oct 03, 2022 07:01AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: Mayor of London Sadiq Khan poses for the media on a Victoria line tube train carriage at Brixton Underground station, during the launch of London's Night Tube August 20, 2016. REUTERS/Yui Mok//File Photo
 
NG
-7.66%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Gloria Dickie

LONDON (Reuters) - The mayor of London urged business leaders on Monday to invest in climate solutions, saying the British capital would need another 75 billion pounds ($84.05 billion) in investment to meet its climate goals.

Noting infrastructure crippled by extreme heat to homes damaged in wildfires, Sadiq Khan warned that "no one will be able to claim with any credibility that we were not given fair warning."

Taking aim at the new conservative government of Prime Minister Liz Truss, the mayor said that "while the doors of Whitehall might be closing to climate action, the doors of City Hall will remain wide open for as long as I'm in office."

Since taking office, Truss has reversed a ban on drilling for natural gas and announced fiscal plans to cut the highest rate of income tax - a policy the government reversed on Monday - as part of a package of financial measures that last month sent sterling and British government bonds into meltdown.

Khan said during his opening address at the Reuters IMPACT climate conference in central London that his city was working to reach net-zero emissions by 2030 to "avoid a catastrophic climate crisis." The city's activities include investing in green jobs and infrastructure, decarbonising buildings, opening more cycling lanes to discourage driving and promoting electric vehicles.

But London would need more help, he said.

"In excess of 75 billion pounds of investment is needed," Khan said. "We simply cannot deliver this without the private sector."

($1 = 0.8923 pounds)

Khan urges green investment, snipes at Truss policies
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
syedarshadullah hussaini
syedarshadullah hussaini Oct 03, 2022 6:22AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
2years of covid has reduced pollution considerably which is very sudden, which led drastic change in rainfall patterns around the globe
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email