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Labor promises to invest 3 billion in ‘green steel’ revolution for UK manufacturers

 


Labor will ensure that its climate strategy does not exacerbate economic injustice and inequality, Ed Miliband said, promising a 10-year investment in green steel.

The Shadow Business Minister will say at a party meeting that the Labor Party will come up with a plan to support the decarbonization of manufacturing companies.

Miliband said on Sunday that Labor will invest up to $3 billion to green the steel industry and work with British steelmakers to do so.

He will accuse the government of not investing in green steel production and trying to weaken safeguards to protect manufacturers.

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Angela Rayner strikes another rule for them and us.

And he will promise that Labor will become a party of climate justice and economic justice so that green policies do not contribute to increasing inequality.

No worker will be excluded from the green transition, he says.

As we respond to the climate crisis with all the changes it entails, we must make fateful choices. We can paint an unfair, unequal and unjust Britain green. Or else you have other options, Miliband is expected to say at the conference.

On Labor, he said, a green Britain would provide workers with secure jobs, clean air and affordable housing, as well as an irreversible transfer of income, power and wealth.

The former Labor leader said pushing the Green New Deal was the reason I came back to fight.

The party’s promises include providing a long-term plan to achieve near-zero production by 2035, along with the Labor government’s match-funding project to develop clean steel.

It can also help the industry start a capital investment in new steel processing equipment, covering up to half the cost.

Labor for the Green New Deal will hold a meeting on Sunday calling for a socialist-based climate agenda.

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Polls show that more than half of the public will support nationalizing energy companies.

A spokesperson for the group said it would be fantastic to hear a vision for a Green New Deal, but it should be backed up with policy and words.

The group is campaigning for more public ownership of the industry.

If they want to bring climate and economic justice together, Labor leaders say they can go further and build plans based on public ownership throughout the economy.

As a new poll today shows, the majority of the public is in favor of nationalizing energy companies.

This is the perfect opportunity to support and deliver an integrated and ambitious program for climate justice.

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