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The removal of diesel trains from operation in the UK could be accelerated as part of the UK government’s plans to reduce carbon emissions.

In a speech in February 2018, the UK’s then-Minister of State for rail, Jo Johnson (brother of UK Prime Minister Boris Johnson), stated that he “would like to see us take all diesel-only trains off the track by 2040”. However, less than two years later in October 2019 (and during a week when attention was focussed on whether Prime Minister Johnson would reach agreement with the European Union on Brexit), Secretary of State for Transport Grant Shapps told the Parliamentary Transport Select Committee that “when I look at my comments on cars where, at the moment, the policy is 2040 to end the sale of petrol and diesel [cars], I recently said that I am going to investigate 2035. I am of course very interested in the earlier extinction of diesel trains”.

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Photo of Graeme McLellan Graeme McLellan

Graeme McLellan is an asset finance professional with particular focus on the aircraft and rail rolling stock sectors, regularly advising major sophisticated international clients on business-critical matters.

His experience includes secured loans, bond financings, tax leasings, Islamic financings, and portfolio acquisitions / disposals.

Graeme McLellan is an asset finance professional with particular focus on the aircraft and rail rolling stock sectors, regularly advising major sophisticated international clients on business-critical matters.

His experience includes secured loans, bond financings, tax leasings, Islamic financings, and portfolio acquisitions / disposals. He enjoys cutting through complex and difficult issues, applying experience of structured, cross-border transactions to develop innovative strategies.

Graeme frequently advises new market entrants on their initial market studies, product development and structuring, bids for opportunities, and implementation of winning bids.

In the rail sector, Graeme advises on transactions internationally and has been involved in the UK rail sector since privatisation. He has advised on many major rolling stock transactions, often applying his broader knowledge to the development of innovative strategies.

Graeme is renowned for his aircraft finance experience in the commercial aircraft and corporate / private jet sectors. He advises on a broad range of transaction structures, including lessor financings and Islamic financings.

Photo of Aonghus Heatley Aonghus Heatley

Aonghus Heatley acts for GT’s UK and international clients across various industry sectors in relation to virtually all aspects of English and European Union environmental law.

Aonghus advises clients on regulatory matters, environmental claims, sustainability, climate change, and health and safety issues in…

Aonghus Heatley acts for GT’s UK and international clients across various industry sectors in relation to virtually all aspects of English and European Union environmental law.

Aonghus advises clients on regulatory matters, environmental claims, sustainability, climate change, and health and safety issues in addition to advising on general corporate and commercial matters as part of GT’s wider London Corporate group.

In 2017/2018, Aonghus undertook a part-time secondment to Volvo Truck Corporation (part of the Volvo Group) in Gothenburg, Sweden.