Treasury ministers have hired Bank of America Merrill Lynch to advise on the sell-off of the Scottish-headquartered bank.
Patrick Harvie MSP said:
"The sell-off of the Green Investment Bank proves that David Cameron's comment about wanting to 'cut the green crap' has now become a full-blown mantra for a right-wing Government determined to wreck our renewable energy opportunities. The bank was a half-hearted effort by the Tory-Libdem Coalition, with limited powers and funding. Rather than taking another backward step we need governments to go further and faster on developing new energy sources and cleaner industries as the need to leave fossil fuels in the ground becomes ever more urgent."