Skip to main content

Banking Supervision

Volume 482: debated on Wednesday 5 November 2008

To ask the Chancellor of the Exchequer if he will instruct the non-executive appointees to the boards of banks in receipt of funding from the public purse to enforce a carbon audit of the investments made by their banks; and if he will make it a condition of recapitalisation of banks that they minimise their investments in and loans to projects involved with high levels of greenhouse gas emissions. (227925)

As part of its investment, the Government have agreed a range of commitments with banks accessing the capitalisation scheme. The conditions attached to the Government’s recapitalisation scheme were set out in detail in the Chancellor’s statements of 8 and 13 October.