Brazil’s state energy sell-off ‘could raise $4bn’

Brazil’s state-controlled utility giant expects share sales in its upcoming privatisation to raise up to $4 billion (£2.8bn). Eletrobras plans to sell off around 57 of its major infrastructure assets, including some or all of its 51% stake in distribution company Centrais Eletricas. The utility controls electricity lines and power plants through the country, accounting […]

Labour vows to nationalise energy and water

The Labour Party has vowed to nationalise the energy and water industries if it wins the next general election. Speaking at the Labour Party Conference in Brighton, Shadow Chancellor John McDonnell said: “Rail, water, energy, Royal Mail – we’re taking them back.” Politicians would decide if full market value is awarded when they are taken […]

Scotland calls for clarity on sale of UK green bank

Scotland is calling on the UK Government to provide clarity on the sale of the Green Investment Bank (GIB). Keith Brown, Cabinet Secretary for Economy, Jobs and Fair Work, has written to Industry and Climate Change Minister Nick Hurd following reports the current deal is under threat. MPs on the Environmental Audit Committee (EAC) recently […]

GIB assets risk being sold off after privatisation

The Green Investment Bank’s (GIB) assets risk being sold off after the state-owned company is privatised. According to reports, Australian bank Macquarie is gearing up to sell some of the bank’s key assets once it secures the £2 billion deal to buy it from the UK government. The majority of these assets are whole ownerships or […]