Labour U-turn on £28 billion green investments pledge

Tonight they've announced a new plan which would see the windfall tax increased and extended

Labour say they’ll increase the windfall tax on oil and gas firms as they U-turn on a pledge to spend £28 billion every year in green investment.

The new plan would see more than 23 billion pounds (£23.7bn) of investment over the course of the next parliamen.

Nearly 2 billion pounds to make ports so-called ‘renewable-ready’. including the Tay, Forth and in the North East.

And creating a new publicly-owned energy company GB Energy to be based in Scotland.

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