STATEMENT: Ed Miliband ‘Right’ to Double Down on Ending UK’s Fossil Fuel Reliance

Commenting on Secretary of State Ed Miliband’s speech at The Good Growth Foundation, UK Sustainable Investment and Finance Association (UKSIF) CEO James Alexander said today (April 21, 2026):

“Secretary of State Ed Miliband is right that the lasting lesson of the recent energy crisis is the need to end the UK’s long-term reliance on oil and gas.

“This damaging new supply shock must be the turning point that puts the transition to a secure, clean economy well beyond doubt.

“We welcome fresh policy proposals tackling planning constraints and grid connectivity delays – issues that have undermined financing for critical renewable infrastructure projects over decades. Decoupling gas from the price of electricity is also vital for decarbonising the power system.

“These steps need to be put into action rapidly so both UK and global investors have the confidence to deploy billions of pounds of capital at scale.”