Here's one piece of legislation you won't have heard of - but could set the future direction of finance in this country for a generation

Ahead of tonight's #MansionHouse speech & launch of Financial Services Bill, will @nadhimzahawi wake up to the #climateemergency?

🧵

1/7
As it stands, the Financial Services Bill will make "competitiveness & growth" a strategic objective, i.e forcing the Govt to take steps to 'act' on something

Meanwhile, climate & net zero is a "regulatory principle", i.e the Govt merely has to 'think' about it

2/7
This epitomises the problem with the Govt's attitude to the #ClimateEmergency

That it's something to think about at some point in the future, a tick box exercise, while we prioritise endless growth above all else

This mentality has to change

3/7
The climate is changing: fact

An economic transformation is unavoidable

So let’s choose the future now and make a virtue out of necessity

Not leave it until the last minute, when the choices will be so much harder, so much more costly

4/7
You can't be "competitive" if your financial system fails to address climate

You can't create "growth" on a dead planet

We need more growth of the right things – thriving communities – and less growth of the wrong things – climate-wrecking fossil fuels

5/7
So will the Govt put a liveable planet above competitiveness and growth?

Will they acknowledge that the fastest growing finance sector right now is green finance?

Will they demonstrate @COP26 commitment to make the UK a net zero-aligned financial centre?

6/7
This is a once-in-a-lifetime opportunity to make the UK financial system work for the good of climate and nature - for our people and for our planet

@wwf_uk @ShareAction @TheFinanceLab

7/7

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More from @CarolineLucas

Jul 18
A quick🧵

Sorry/annoyed to miss the important #ProtectStudentChoice debate today - as @borisjohnson is so desperate to cling on he's tabled a motion of confidence in his own Govt at the same time…

@sfca_info @varndean @BHASVIC @ucu

1/8
... But want to highlight campaign standing up for young people & BTECs - colleges in #Brighton & #Hove point to the success of BTECs & worry that removing funding for the majority of BTEC qualifications would be a serious and harmful mistake not least because disadvantaged

2/8
Young people are amongst those with the most to lose – as the Government’s own equalities impact assessment makes clear, stating:

“those from SEND backgrounds, Asian ethnic groups, disadvantaged backgrounds, and males [are] disproportionately likely to be affected”

3/8
Read 8 tweets
Jan 10
Slightly technical thread on why I’m opposing #Nuclear Energy Financing bill - a comparison with US shows why it’s a costly disaster for all of us 👇

🧵1/12
In US, as in UK, high cost of building nuclear plants & introduction of competition into the provision of electric generation brought an end to any possibility that new nuclear could be built without government intervention
🧵2/12
One of the most significant of these interventions was the introduction of a US version of the Regulated Asset Base (RAB) methodology called Early Cost Recovery (ECR)
🧵3/12
Read 12 tweets
May 10, 2021
Tomorrow, we hear the first #QueensSpeech this decade & the last before #COP26 climate summit

New legislation announced could be make or break for climate, nature and communities across the UK
 
Here are my #FiveToThrive Bills for a fairer, greener future 🧵👇
A #GreenNewDeal with the scale and ambition of @POTUS plan to upgrade America would: 
✅Create millions of good green jobs across the UK
🏡 Improve everyday life
🌍Set us on a path to a greener, fairer future
@labourlewis and I have a #GreenNewDeal bill that's ready to go
The #CEEBill is the framework we need to tackle the climate & ecological crises together. It would commit the UK to:
🌡️ Doing its fair share to limit temperatures to 1.5 ºC
🌳 Protecting and restoring nature
🙋 Creating a Citizens’ Assembly to put decision in the hands of people
Read 7 tweets
Dec 19, 2018
The Government has today released long-awaited draft of new Environment Bill. 💚🌍📜 This is welcome 👏 - but I see a number of alarming sections. 🤔🚨 A thread. 1/6
1⃣ The environmental principles currently guaranteed under 🇪🇺 law *must* carry the same legal weight as they do now. Draft clauses says Gov't should "have regard to" but we know that leaves too much wiggle room. This must change. 2/6
2⃣ Those key principles won't apply to any public spending decision or 'any other matter' specified by Government - a truly absurd caveat to vital rules protecting our oceans, wildlife and animals. This Get Out of Jail Free card must go. 3/6
Read 6 tweets
Dec 5, 2018
There seem to me to be three key paragraphs in the Attorney General's legal advice to the Prime Minister on the Protocol on Ireland/Northern Ireland - the 'backstop - in the Withdrawal Agreement.

Here they are. 1/4

Para 16: The Protocol will "endure indefinitely".
Para 30: The review mechanism does not provide a unilateral route out of the backstop. 2/4
Para 33 (conclusion): There is a legal risk that UK could become stuck in "protracted and repeating rounds of negotiations". 3/4 #Brexit #Art50
Read 4 tweets
Oct 29, 2018
Sometimes on days like this when everyone's scrapping around to get heard on the budget it's worth remembering some simple facts.

This is a bit of a thread. #Budget2018
We live in one of the richest nations on earth yet we fail to provide everyone with a roof over their head.

Parents need food banks to put dinner on the table. Most of those parents have a job. #Budget2018
We've gone from being a country of free higher education to one which passes on mountains of debt to the next generation.

A million more kids are set to be in poverty in the coming years. A million. #Budget2018
Read 4 tweets

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