Commentary on provisions of Act Section 3: Objects
Subsection (1) provides that Great British Energy’s articles of association must contain a statement of its objects.
	Subsection (2) restricts the objects of Great British Energy to: facilitating, encouraging and participating in the production, distribution and storage of clean energy; the reduction of greenhouse gas emissions from energy produced from fossil fuels; improvements in energy efficiency; measures for ensuring the security of the supply of energy; and measures for ensuring that slavery and human trafficking is not taking place in its business or supply chain. And any projects fulfilling the objects set out in this subsection could involve or benefit local communities.
	These subsections change the standard position under section 31(1) of the Companies Act 2006 which provides that, unless specifically restricted, a company’s objects are unlimited.
	Subsection (3) contains definitions of "clean energy", "distribution", "fossil fuel" and "greenhouse gas" which are relevant to the terms used in subsection (2).