Energy HQ will bring huge number of Scottish jobs – Starmer

Labour would fund the company through a windfall tax on oil and gas firms, which they said would raise £8.3bn over the next five years.

Great British Energy would invest in wind and solar projects, and well as new technologies including floating offshore wind, hydrogen and carbon capture and storage.

Sir Keir said he “rejects the analysis” that the project would bring North Sea job loses and said: “I’m convinced transition will bring more jobs to Scotland”

He added: “We’re not going to turn the pipes off instantaneously, we’re not going to revoke any licences in place.

“The question is what we do about the transition, with oil and gas for decades to come as part of the mix.”

But the SNP said the scheme would use “Scotland’s energy wealth” to fund nuclear projects in England and could cost 100,000 Scottish jobs.

SNP Westminster leader Stephen Flynn called it a “con trick” that would “deter billions of pounds of investment”.

Conservative Energy Secretary Claire Coutinho said Labour’s plans were unfunded.

She attacked the party’s moves to stop new oil and gas licences in the North Sea, claiming jobs would be at risk.

The Green Party said Labour’s plans do not go far enough.