Section 3 | Objects

(1)Great British Energy must secure that its articles of association contain a statement of its objects.

(2)The statement must provide that Great British Energy’s objects are restricted to facilitating, encouraging and participating in—

(a)the production, distribution, storage and supply of clean energy,

(b)the reduction of greenhouse gas emissions from energy produced from fossil fuels,

(c)improvements in energy efficiency,

(d)measures for ensuring the security of the supply of energy, and

(e)measures for ensuring that slavery and human trafficking is not taking place in its business or supply chains,

(including through projects involving or benefiting local communities).

(3)In this section—

“clean energy” means energy produced from sources other than fossil fuels;

“distribution”, in relation to clean energy, includes its conveyance and transmission;

“fossil fuel” has the meaning given by section 32M of the Electricity Act 1989;

“greenhouse gas” has the same meaning as in the Climate Change Act 2008 (see section 92 of that Act).