Jeremy Corbyn promises to nationalise Britain’s energy companies in order to avoid ‘climate catastrophe’

Jeremy Corbyn promises to nationalise Britain’s energy companies in order to avoid ‘climate catastrophe’, by Adam Bienkov.

Jeremy Corbyn will nationalise all of Britain’s energy companies in order to avoid the “climate catastrophe” threatened by global warming, the Labour leader said today.

Corbyn used his appearance at his party’s “alternative models of ownership” conference in central London, to promise that he will buy up Britain’s entire energy network.

“The challenge of climate change requires us to radically shift the way we organise our economy,” he said.

“In 1945, elected to govern a country ravaged by six years of war, the great Attlee Labour Government knew that the only way to rebuild our economy was through a decisive turn to collective action. Necessary action to help avert climate catastrophe requires us to be at least as radical.”

The Labour leader said his government would be part of a “wave of change” in favour of nationalising public utilities across the world. …

Recent polling has found high support for Labour’s agenda. A Populus poll, commissioned by the Legatum Institute last October, found that 83% of the public supported nationalising water providers, while 77% supported nationalising the electricity and gas networks and 76% supported nationalising the railway network.

Different problem, same solution. Maybe it’s just being in charge of the economy that they like? So a mistake-ridden 1960s theory about climate is being put to use.

hat-tip Charles