McDonnell to ‘stop lenders financing end of the world’
LABOUR’S John McDonnell will tomorrow pledge to use the might of the Treasury to meet climate emergency targets if he becomes Chancellor.
In a keynote speech to the City, he will tell banks he will expose unregulated lending to full scrutiny to drive a progressive agenda.
And he will vow to find ways to divert investment into measures that combat global warming – and away from those causing it.
Mr McDonnell will tell financiers: “I am preparing policy to harness the full might of the Treasury to make tackling climate change a key priority.
“We are marshalling the resources and levers of power to fund and drive the climate change emergency programme.”
In the wake of Thursday’s Greenpeace protest at Chancellor Philip Hammond’s Mansion House speech, he will ask climate change activists to advise on key measures.
Foreign Office minister Mark Field has been suspended over a video of him shoving one protester against a pillar and grabbing her by the neck.
SCRUTINY John McDonnell