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The prime minister has encouraged companies to start spending money on global climate change as he heads to the COP summit in Baku, Azerbaijan.

On the trip to the Caspian coast, Sir Keir spoke to journalists travelling with him.

He was asked if the UK – which the government says is struggling financially – would commit to spending new money on helping developing countries with climate change.

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There have been calls for a $1tn (Ā£777bn) financing agreement to help less wealthy nations reduce emissions and meet other targets.

Sir Keir told journalists his government would honour the monetary promises made at a previous COP summit under the Conservative government.

This current meeting – COP29 – will then “want to look at a future [climate finance] sum taking us through to 2035, but we’re not making UK commitments in relation to that”, he said.

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Sir Keir added: “I will be making an argument powerfully that now is the time for the private sector to start paying their fair share in relation to these commitments.”

As part of this, a new “capital market mechanism” will be launched on the London Stock Exchange, with Downing Street hoping it will raise Ā£75bn for green investment over the next decade.

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COP29 negotiator ‘optimistic’

Read more on COP:
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Sir Keir and the government want to take advantage of the surge in green investment as part of their economic growth strategy.

He told reporters he has been clear the “climate challenge” is a “huge opportunity for the UK if we get it right”.

“That is why we have made it one of our missions to have clean power by 2030, and if you look at the inward investment that we have triggered in the last four months, a huge amount of that is on renewables – that is where global investors want to put their investment.

“So I see climate change as an important obligation on which we’ve got to show leadership, but it’s also an incredible opportunity for the UK to get ahead on the world stage, and I am determined we are going to do that.”

Downing Street believes the UK can act as a green financial hub, and use that to bring investment, jobs and growth.

One report suggested the “green economy” grew by 9% last year, while the rest of the UK stagnated, and business urged a pro-green industrial strategy.

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The new government has started approving more projects like onshore windfarms and solar farms.

Increasing growth is key to the plan of Sir Keir and Chancellor Rachel Reeves – but their plans may be difficult to achieve if the economy does not expand at the rate they hope.

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Conservatives call for Labour’s Lucy Powell to resign over grooming gang remarks

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Conservatives call for Labour's Lucy Powell to resign over grooming gang remarks

The Conservatives are calling for Lucy Powell to resign after the Labour MP’s exchange with a commentator about grooming gangs.

The comment was made by Ms Powell, the leader of the House of Commons, after Conservative political commentator Tim Montgomerie started to ask a question on BBC Radio 4’s Any Questions.

“I don’t know if you saw the documentary on Channel 4 about rape gangs,” he started, in relation to the recent programme Groomed: A National Scandal, which centred around five girls who were sexually abused by rape gangs.

Ms Powell, who is MP for Manchester Central, responded: “Oh, we want to blow that little trumpet now, do we? Yeah, OK, let’s get that dog whistle out.”

Sir Keir Starmer and the government have been under sustained pressure from political opponents over the handling of historical sex abuse cases in the UK.

ConservativeHome founder Mr Montgomerie, who will be appearing on Sunday Morning With Trevor Phillips, continued: “There is a real issue where… There were so many people in local government, in the authorities, who, for good reason, were worried about upsetting community tensions, that those girls went undefended.”

The conversation moved on, but politicians criticised Ms Powell’s comment, with some calling for her to resign.

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Shadow home secretary Chris Philp said in a statement: “This shocking outburst from a Labour cabinet minister belittles the thousands of girls and women who were raped by grooming gangs over decades.

“We have consistently called for a national enquiry in parliament, which has been blocked by Labour ministers who don’t seem to know or care about the disgusting crimes which have been perpetrated.

“Anyone who has seen the shocking Channel 4 documentary will know that it is clearer than ever that this is not a ‘dog whistle’.

“To dismiss thousands of victims who were raped and the cover up that followed is sickening. She should resign.”

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Shadow justice secretary Robert Jenrick said: “Labour’s Lucy Powell thinks it’s a ‘dog whistle’ to demand arrests and accountability for the rape gangs. What a disgusting betrayal of the victims. They are part of the cover-up.”

Ousted Reform MP Rupert Lowe, now an independent, shared a letter he wrote to Ms Powell demanding she apologise, calling her comments “deeply, deeply offensive”.

On X on Saturday night, Ms Powell said: “In the heat of a discussion on AQ, I would like to clarify that I regard issues of child exploitation and grooming with the utmost seriousness. I’m sorry if this was unclear.

“I was challenging the political point scoring around it, not the issue itself. As a constituency MP I’ve dealt with horrendous cases. This Gvt is acting to get to the truth, and deliver justice.”

Read more:
Grooming gangs scandal timeline
PM says government will fund further local grooming gangs inquiries if ‘needed’

Sky News has contacted the office for the Leader of the House of Commons for comment.

The long-running row over grooming cases has continued after Labour promised five local inquiries into grooming gangs in January.

Tech billionaire Elon Musk had accused Sir Keir of being “complicit” in the failure of authorities to protect victims and prosecute abusers while the PM was director of public prosecutions from 2008-2013.

The prime minister has repeatedly defended his record, saying it shows he tackled the issue head-on.

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Reform’s mission to ‘remoralise’ young people, says party chairman

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Reform's mission to 'remoralise' young people, says party chairman

Reform UK chairman Zia Yusuf says his party’s mission is to “remoralise” young people.

Speaking off the back of his party’s massive gains in the local elections, Mr Yusuf said young people were being taught to “hate their country” and that Reform’s mission was to change their morals.

“There has been an industrial-scale demoralisation, particularly of young people in this country, who are basically being taught quite deliberately that they should hate their country; they should be deeply ashamed of their country’s history; that the United Kingdom had a brutal empire,” he told The Times.

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“Look, of course, you know, the British Empire was not perfect, but I actually think overall the British Empire did much more good for the world than it did bad.”

He said the party’s mission was to “remoralise” the youth and that within a couple of months of gaining power, Reform would erect statues of great British figures and end “all this woke nonsense”.

He continued: “How many young people know who Isambard Kingdom Brunel is? Look at the character assassination that has occurred on the legacy of Sir Winston Churchill.

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“The fact that they have to cover up his statue because they don’t want to provoke protesters. I mean that’s the sort of utterly indefensible so-called leadership that we’ve had and young people feel that in their bones.”

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Inside Reform’s election success

Read more:
Tory leader apologises to councillors as Reform makes big gains
‘I get it’: Starmer responds after losing Runcorn by-election to Reform UK

He said he believes Reform leader Nigel Farage’s message is “resonating” with young people and added: “I think that a lot of young people we speak to feel very smothered by a finger-wagging sort of teaching class.

“They feel very restricted, they feel a huge lack of opportunity … You’re going to hear from us over the next couple of years more and more of a policy platform for young people, for Gen Z and for millennials.”

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Voters turn to Reform UK

Mr Farage has been more focused on what his party’s trajectory is doing to the Conservatives, saying in his column for The Telegraph that Kemi Badenoch’s party had been “hollowed out” and is experiencing a “strange death” due to the rising popularity of Reform.

He said the UK had reached a “new political age”, reiterating earlier claims that two-party politics “is finished”.

Reform chairman Zia Yusuf will be appearing on Sky News’ Sunday Morning With Trevor Phillips from 8.30am this morning.

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OKX fires back at Tron’s Justin Sun over mysterious ‘freeze notice’

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<div>OKX fires back at Tron's Justin Sun over mysterious 'freeze notice'</div>

<div>OKX fires back at Tron's Justin Sun over mysterious 'freeze notice'</div>

OKX founder and CEO Star Xu has publicly defended the crypto exchange after Tron founder Justin Sun accused it of failing to act on a law enforcement request to freeze stolen funds following a recent hack of Tron’s official X account.

ā€œOKX also has consumers protection policy according to law, we can’t freeze a customer’s funds according to your personal X post or an oral communication. I think you should understand it as the CEO of HTX,ā€ Xu said in an X post.

OKX says there is no communication in the spam box, either

Xu said that the crypto exchange had not received any related correspondence through OKX’s official channels. ā€œOur LE cooperation team just checked the email, including the spam box; we haven’t received any request related with this case,ā€ Xu said.

Cryptocurrencies, Tron, OKX
Source: Star Xu

In what is now an unavailable X post, but was screenshotted by Xu, Sun had earlier claimed that OKX has not responded to a ā€œfreeze noticeā€ sent to its official email address from a ā€œrelevant law enforcement agency.ā€ Sun said that he had no other way to contact OKX’s compliance department.

ā€œThese stolen funds do not belong to me; I’m acting to protect the community,ā€ Sun said. On May 3, Tron DAO told its 1.7 million X followers that its account had been compromised. Tron explained that during the breach, an unauthorized party posted a malicious contract address, sent direct messages, and followed unfamiliar accounts.

ā€œIf you received a DM from our account on May 2, please delete it and consider it the work of the attacker.ā€

In response to Sun’s claims of inaction, Xu publicly called on him to provide a screenshot showing when and where the law enforcement request was made.

The Tron incident is one of several recent security breaches involving high-profile crypto accounts on X.

Related: Over 14,500 Tron addresses at risk of silent hijacking

Kaito AI, an artificial intelligence-powered platform that aggregates crypto data to provide market analysis for users, and its founder, Yu Hu, were the victims of an X social media hack on March 15. The hackers opened up a short position on KAITO tokens before posting that the Kaito wallets were compromised and advised users that their funds were not safe.

The Pump.fun X account was compromised on Feb. 26 to promote a fake governance token called ā€œPUMPā€ and other fraudulent coins.

Meanwhile, the X account of UK member of Parliament and Leader of the House of Commons, Lucy Powell, was hacked to promote a scam crypto token.

Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight

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