Rennie: FM must set out standards for judging ethical investment from China


Scottish Liberal Democrat leader Willie Rennie MSP has today demanded that the Scottish Government lay out the essential standards for ethical investing in Scotland.

The call comes after the revelation at her press conference that the First Minister still intends to explore investment options with controversial Chinese firm CR3, despite not having held any meetings or discussions with them for almost six months.

It was revealed this weekend that a controversial Memorandum of Understanding had collapsed in August, less than five months after it was signed.

Mr Rennie said:

“Throughout this whole process groups such as Amnesty International and Transparency International expressed concerns about the deal but the SNP covered their ears and ploughed on regardless. They showed a casual disregard for human rights.

“At the weekend we were told the deal was cancelled. News that the First Minister wants to resurrect it raises the danger of her making the same mistakes all over again.

“The First Minister needs to set out how she will judge if CR3 meets the standard for ethical investment in Scotland.

“It is essential that the First Minister clearly lays out the standards of scrutiny and due diligence that will be applied to any such investment deal and come clean as to whether CR3 meet these standards. If any investment doesn’t meet the standards we need, we shouldn’t do business with them.

"Scotland has enormous potential as a hub for international business but we cannot allow human rights to be trampled over in the process.”


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