Labour Bill to Expand Wind Farms Along 6,500 Miles of Crown-Owned Coastline

Labour’s green bill aims to significantly boost wind farm expansion by leveraging 6,500 miles of Crown-owned coastline seabed rights. The proposed legislation the Crown Estate Bill announced in the King’s Speech on Wednesday, will remove “outdated restrictions” on the activities of The Crown Estate activities, a significant national landowner, which owns virtually all the seabed around the UK out to 12 nautical miles. Labour also want to widen its investment powers, and give it the ability to borrow in order to invest at a faster pace for its net zero plans. The Crown Estate’s £16 billion portfolio is not owned by the government or the monarch personally. Rather is held by the Crown as an institution, with no direct control or management by the reigning monarch King Charles III. All of its net revenue profit goes to the Treasury, some of which also goes to the Royal family....