Aquamarine Power chief explains decision to leave CBI over ‘Indy-No’

Acquamarine Power

Aquamarine Power has provided the following statement in response to the request from Scottish Energy News  over its decision to leave the CBI after the confederation announced its formal registration as a Supporter of the No to Scottish Independence campaign.

A company spokesman said it had been mis-quoted by the BBC.

Martin McAdam, Chief Executive of Edinburgh-based wave energy company Aquamarine Power (a member of the CBI)  said:

“Businesses do not vote, people vote. The CBI has registered with the Electoral Commission as a NO campaign backer without consultation with its members.

“As a business Aquamarine Power has been firmly neutral on the matter of independence. We have adopted this view after consultation with our Board and Management Team and as a consequence we can no longer remain members of the CBI.

“Although Aquamarine Power’s staff and Board Members may have personal views on the matter of independence, this has no influence on our agreed company position.” 

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