State of Climate and Nature

Barry Gardiner Excerpts

Monday 14th July 2025 Commons Chamber

[Ed Miliband]

The hon. Gentleman speaks with great expertise on these matters, partly because of his constituency. He is right about the threat to farmers’ livelihoods from the climate crisis, which I talked about in my statement, and the need for food security, which my right hon. Friend the Environment Secretary takes incredibly seriously. Indeed, the land use framework is partly about making sure that we have the land we need for our food security.

[Barry Gardiner (Brent West) (Lab)]

I thank my right hon. Friend for this statement; I have waited 14 years for it, and I look forward to such a statement being given to the House in each of the next 14 years. One of the key drivers of climate change is deforestation. One of the key drivers of deforestation is cattle ranching and soy production. One of the key drivers of cattle ranching and soy production is City of London finance, which is used to bankroll what is happening. What restrictions can he place on the financial giants of the City to make sure that we stop this at source?

[Ed Miliband]

My hon. Friend raises an important issue about the role of the City of London. There is also its potentially positive role. We are consulting on a mandatory transition plan for large companies and financial institutions, including in the City of London, precisely so that we can make sure that investment goes to the right places.