The prime minister has confirmed the state-owned energy company is coming to Aberdeen but many questions remain.
The UK government has confirmed that Aberdeen is to be the home of the new state-owned energy company.
Great British Energy was one of Labour’s key election pledges and was always planned to be based in Scotland.that the decision had been taken to base the company in the UK's oil and gas capital. Project investment – investing in energy projects alongside the private sector, helping get them off the ground
Ministers also claim the deal "has the potential to leverage up to £60bn of private investment into the UK’s drive for energy independence."The government has pledged to invest £8.3bn of new money into the company over the course of this parliament.The party had said previously it would not issue new oil and gas licences but also said it would not overturn existing permits.
The SNP and Conservatives have claimed that up to 100,000 jobs could be at threat from Labour policy on oil and gas licences.Tuesday's announcement brought no further details on how many jobs would be created by GB Energy.Responding to the news, Russell Borthwick, chief executive at Aberdeen and Grampian Chamber of Commerce, said it would secure the north-east's status as a "global energy capital" for many decades to come.
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