Head of Business organisation criticises Citigroup for “alarmist” renewables report


The Director General of the Institute of Directors (IOD) has attacked what he described as an “alarmist” report that called for companies to withhold investment in the Scottish renewables industry.
In a statement issued today, Simon Walker, who is also the former Chief Executive of the BVCA, the organisation that represents British private equity and venture capital, insisted that the green-energy sector offered investment opportunities regardless of whether a nation was engaged in a constitutional debate or not.

Mr Walker’s intervention is sure to ignite controversy in what many believe to be a politically motivated attack on the Scottish government’s renewable ambitions. 

The attacks come at a time when Scotland’s First Minister is visiting the oil rich Gulf region in an attempt at promoting the Scottish renewable sector and attracting inward investment.

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