Clean Growth Fund - Question

Part of the debate – in the House of Lords at 12:07 pm on 28th October 2020.

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Photo of Lord Lilley Lord Lilley Conservative 12:07 pm, 28th October 2020

My Lords, I draw attention to my interests in the register. I sincerely hope that the fund will succeed in investing in companies that grow without subsidy, but does my noble friend recall that, in the Government’s Cost of Energy Review, Professor Dieter Helm concluded that the best part of £100 billion spent so far on renewables has been wasted because, as he warned, Governments are not very good at picking winners, but

“losers are very good at picking governments”?