When the government reacted to the coronavirus pandemic in 2020 with unprecedented rescue funds, ministers were urged to attach strings before the money disappeared out the door. The strings would have forced employers to adopt policies they had resisted for years, most obviously cutting carbon emissions and promoting a healthier environment. An obvious target of a Treasury financial rescue mission that also sought to achieve such goals would have been the oil, coal and gas industries. However, the UK’s finance ministry was clear from the moment it began dishing out grants and cheap loans that there was not time to draw up schemes that could successfully direct firms to do the right thing.
Guardian 2nd June 2021 read more »