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Bank of England and big businesses questioned on Greening the post-COVID recovery

22 September 2020

The Environmental Audit Committee hears from the Bank of England, and big businesses that have received public money, as MPs consider whether conditions can be attached to COVID bailouts.


Thursday 24 September 2020, virtual meeting

At 9.30am

  • Maria-Krystyna Duval, Head of Climate, ClientEarth
  • Fran Boait, Executive Director, Positive Money

At 10.00am

  • Sarah Breeden, Executive Director for UK Deposit Takers Supervision, Bank of England

At 10.45am

  • Chris Hagg, Head of External Affairs, CELSA Steel UK
  • David Morgan, Director of Flight Operations, EasyJet
  • Richard Ward, Vice President Marketing, Strategy and Fullstream, Baker Hughes

In this session the Committee will explore what scope there is for sustainability conditions to be attached to bailouts provided by the Bank of England.

On the first panel the Committee will hear from environmental lawyers Client Earth and campaigners Positive Money who have been critical of the Bank of England for not attaching conditions to its Covid Corporate Financing Facility (CCFF) loans.

The Committee will then hear from the Bank itself.

The third panel will feature three of the big businesses that have received public money, both from the CCFF and the Government’s Project Birch scheme.

Further information

Image: PA