Labour pledges ‘British jobs bonus’ as it sets out green energy strategy

Party to offer £500m a year for low-carbon sector but says North Sea oil and gas production will continue ‘for decades to come’

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Clean energy companies would be offered up to £500m a year to set up manufacturing in the UK, to build the wind turbines, solar panels and other infrastructure needed to reach net zero, under plans set out by Labour.

But Keir Starmer, the Labour leader, on Monday also gave assurances to the oil and gas industry that production would continue in the North Sea “for decades to come”, to the consternation of green campaigners.