Sheryll Murray
I thank the hon. Member for Bristol East (Kerry McCarthy), who, along with her colleagues the hon. Members for Brent North (Barry Gardiner), for Stoke-on-Trent North (Joan Walley), for Scunthorpe (Nic Dakin), for North Ayrshire and Arran (Katy Clark), for Inverclyde (Mr McKenzie) and for Edinburgh North and Leith (Mark Lazarowicz), and the hon. Member for Brighton, Pavilion (Caroline Lucas), tabled the amendment. I know that they all feel strongly about the need to protect the environment.
Coming, as I do, from what I consider to be the beautiful county in Cornwall, I of course sympathise strongly with those hon. Members. [Interruption.] The Minister indicates that I might come from the second most beautiful county, so perhaps I should have referred to the wider south-west. Furthermore, I come from a fishing background, so I know well the impact that pollution can have on fishermen and their livelihoods. I also know that in some of the areas that the Bill relates to it would be very difficult to fish for species such as orange roughy, as the hon. Member for Bristol East indicated.
Since I have been in charge of the Bill, I have learned a lot about deep sea mining. In particular, I have become very conscious of the importance of environmental conditions, which will have to be taken into account once deep sea mining becomes a reality. Of course, we are looking only at exploration. I understand that the UK has issued one licence for exploration, and another one is going through, but exploitation, as the hon. Lady mentioned, is a long way off. I know that the Government are very aware of environmental issues and am sure that they will keep to their commitment to ensure the application of the highest environmental standards. I can assure Members on both sides of the Chamber that I, too, will be very astute to ensure that happens.
Section 5 of the 1981 Act will not be amended by the Bill, except for technical changes to include references to Scottish Ministers. I believe that that is a real benefit to Scotland and the United Kingdom. Section 5 already includes provisions to ensure that protection of the marine environment is taken into account, and indeed is at the forefront of the Secretary of State’s mind, when licences are issued. While I sympathise with the hon. Lady’s concerns, I do not think the amendment is necessary. I understand also that the Minister will raise some technical objections to it and that the Government will not support it. In those circumstances, I hope that she will not press the amendment, so that the Bill can make progress.
The Minister of State, Foreign and Commonwealth Office (Mr Hugo Swire)
I was interested to hear some of the suggestions made this morning, as I have attended some, although not all, of the consideration of the Bill as it has made progress. The Government completely understand the sentiments that have led the hon. Member for Bristol East (Kerry McCarthy) and the hon. Member for Brent North (Barry Gardiner) to table the amendment —the hon. Gentleman is not in his place today, but he has been an assiduous attendee previously. The Government are committed to ensuring that the highest environmental standards are followed when exploration and exploitation of the deep sea bed take place. As the hon. Lady said, we are often—pardon the pun—in uncharted waters: this is new and exploratory, so environmental considerations need to be at the forefront of our proposals.
As hon. Members will know, the Government were approached 18 months ago by a major commercial company, Lockheed Martin, to sponsor its application to explore for minerals on the deep sea bed. When we received that approach, we took great pains to ensure that the environmental standards were the best that could be devised. The Department for Environment, Food and Rural Affairs was closely involved, as were two eminent scientists from outside the Government. When the application reached the council of the International Seabed Authority, the environmental aspects were generally praised by delegations. At the meeting of the council last year, when the first discussion of the possible shape of future regulations took place, the Government made it clear that they would expect those regulations to incorporate environmental provisions of the highest standards.
The British Government have already spoken and acted in a manner that will ensure that the highest environmental standards are adhered to, and I know that the need to protect the natural environment has universal support across the House. However, the Government cannot support the amendment, and I shall try to explain why.
Section 5 of the 1981 Act, to which the hon. Member for Bristol East and my hon. Friend the Member for South East Cornwall (Sheryll Murray) referred, already includes clear provisions on the need to protect the marine environment. I know that on Second Reading the hon. Member for Brent North suggested that section 5 might not be sufficiently up to date, but we do not believe that to be the case. Section 5 is worded in a general manner and can accommodate changes to environmental perspectives.
Kerry McCarthy
The point that my hon. Friend the Member for Brent North and I have been making is that post 1981 it has been clearly established that the precautionary principle, agreed at Rio, should apply, and it is missing here. It is the reversal of the burden of proof that will be missing if we stick to the 1981 Act. It is important to reflect in the Bill the extent to which the precautionary principle has been accepted.
Mr Swire
The hon. Lady is right, but we also want companies to come here, and therefore we want to ensure that our environmental protections are the best and are in place. We are convinced they are and that section 5 of the 1981 Act is worded in a general manner that can accommodate changes to environmental perspectives. We do not believe that the amendment would add anything to the legislation.
On Second Reading, the hon. Member for Brent North referred to the precautionary approach in principle 15 of the Rio declaration. But the International Tribunal for the Law of the Sea made it clear in its 2011 advisory opinion that sponsoring states should comply with the terms of principle 15, as well as best environmental practices. In exercising his functions to issue licences under the Act, the Secretary of State would have to comply with those provisions.
In addition, by replacing the whole of the current section 5, the amendment would lose two key elements. The requirement at the end of subsection (1) for the Secretary of State to consider any representations would be lost, as would the power in subsection (2) for the Secretary of State to include in licences provisions about protection of the marine environment. On those two technical grounds alone, the amendment cannot be supported.
More substantively, the amendment would require a full environmental impact assessment, even before exploration is carried out. However, as the hon. Member for Bristol East conceded, exploration of the deep sea bed involves minimal disturbance of the marine environment and no commercial company would be expected to undertake a full environmental assessment in those circumstances. The Bill should not be about preventing responsible companies from undertaking responsible exploration. On the contrary, the Government believe that we should actively encourage exploration of the deep sea bed. That is because the scientific information obtained through exploration will be an essential element in considering the environmental aspects of mining when it does take place. As the hon. Lady acknowledged in Committee, mining on the deep sea bed will eventually take place.
The amendment refers to a number of other international instruments. The Government are entirely conscious of the current developments in international environmental law, and have for example been at the forefront of international action on climate change—as is well recognised. It is clear therefore that international developments will be, and will have to be, taken into account when decisions on whether to issue licences are eventually made. But we should not limit ourselves in this way. There may be national developments, or developments in the European Union, that should also be taken into account. The current text of section 5 of the 1981 Act already allows for this and indeed, in this respect, is wider in its ambit than the amendment. For that reason, the Government do not support the amendment.
Kerry McCarthy
I remind the Minister that the amendment says
“including but not limited to”.
We were conscious when drafting the amendment that we did not want to limit it to just those treaties cited, so that other laws and treaties agreed over time would be included.
Mr Swire
I am grateful to the hon. Lady for clarifying that point.
Of course the Government will continue to expect that the International Seabed Authority, in its decision-making process, should work towards meeting agreed international standards with respect to protection of the environment, and should utilise the latest information about the importance of marine areas. The Government recognise that the work being carried out under the convention on biological diversity to identify ecologically and biologically significant areas, along with the identification of vulnerable marine ecosystems, provide authoritative information that needs to be taken into account within the processes of the International Seabed Authority. Furthermore, let me assure hon. Members that the secretariat of the ISA is highly expert and, in particular, well aware of international developments in the environmental field. I think, therefore, that the House can have confidence that these developments will not be overlooked.
In conclusion, the Government sympathise with the reasons that have led the hon. Members for Bristol East and for Brent North to table the amendment. We have had an interesting debate, but as I have said, the Government cannot support it and are satisfied that section 5 of the 1981 Act is sufficient. In the light of this, I hope that the hon. Lady will feel able to withdraw her amendment.
Kerry McCarthy
I thank the Minister for his response, although he has not entirely set my mind at rest. I would have liked the Bill to build on the environmental protections set out in the 1981 Act, given that we have moved on considerably since then, and I would have liked the precautionary principle firmly established in the Bill, because that is where we are at now with environmental protection internationally, but I do not intend to press the amendment. With respect to the Minister, however, he is the third Minister to deal with the Bill—there was one Minister on Second Reading, one in Committee and now another on Report and Third Reading—and there will be yet another Minister in the Lords. Furthermore, I am the second Labour spokesperson to deal with it. I hope in the Lords, therefore, there will be an opportunity for detailed scrutiny to ensure that we tie things together and take the Bill forward properly.
Kerry McCarthy
Certainly, we have moved on from the stage when probably not a single Member knew what was meant when we referred to hydrothermal vents, polymetallic nodules, a cobalt-rich crust or any of the other things we have been discussing, so we have been significantly enlightened. Nevertheless, I hope that the Lords will further scrutinise the environmental provisions and perhaps pull some of this together and table some amendments. As I have said, however, I do not intend to press the amendment to a vote. I beg to ask leave to withdraw the amendment.
Amendment, by leave, withdrawn.
Third Reading
Mr Swire
I wish to put on record my thanks to my hon. Friend the Member for South East Cornwall (Sheryll Murray)—and not, as she was erroneously called, the hon. Member for North East Cornwall. I think North Cornwall currently belongs to our coalition partners, but I am sure that at the next general election she, like all of us in the south-west, will be doing everything to ensure that if she does not actually personally occupy that part of Cornwall, there will be a member of the same party who does. It is worth putting on the record that it is the only seat in Cornwall—[Interruption.] There is of course St Ives, which is extremely vulnerable to the Conservative surge.
Sheryll Murray
My right hon. Friend will wish to know that, currently, our coalition partners hold St Ives, St Austell and Newquay, and North Cornwall. The Conservatives currently hold—
Madam Deputy Speaker (Dawn Primarolo)
Order. The hon. Lady will resume her seat. Before the Minister continues, let me say that that has nothing to do with the Third Reading of this Bill. I know that it is Friday and that the right hon. Gentleman and the hon. Lady are looking forward to getting back to Cornwall, so if we could concentrate just on the Bill I would be a very happy Deputy Speaker.
Mr Swire
Madam Deputy Speaker, I apologise. I share your agitation and excitement. Mine was only the excitement about May 2015 and what might happen thereafter. I will certainly not be tempted further down that exciting route.
I also thank other right hon. and hon. Members who have served their time on this Bill. The hon. Member for Bristol East (Kerry McCarthy) referred to the fact that it has been handled by a number of different Ministers throughout its passage. That is a factor of life here sometimes, but, as I said to her, it does mean that there will be a wide understanding of the legislation. As it is new and quite complicated, the more people who understand what it is about—the new technology and the new exploration way below the sea—the better.
It is of course entirely appropriate, as hon. Members have said, that it should be a Back Bencher from a constituency in Cornwall, which is the second most beautiful part of England after Devon, who has brought the Bill to the House. Cornwall not only has been involved in mining for generations—indeed, from before Roman times—but is of course a great maritime county. My hon. Friend has always been a strong advocate of her native county. Certainly, the fishing industry and her constituents are represented extremely well by her. I do not know anyone here who has a greater understanding of the marine environment, from which she has derived both pleasure and tragedy.
I am pleased that my hon. Friend has taken the Bill forward with such aplomb. She has the distinction, as we have heard, of having been in charge of private Member’s Bills in two consecutive Sessions, which is certainly an unusual achievement. As to her revealing the secret of how she was balloted for two Bills, she gave the figure “336”, but said that she did not want people to know that it was her secret number. I remind her gently that recordings of this place are, as we speak, being broadcast to the four corners of the world. Who knows, one day they might be broadcast to the sea bed as well, so Captain Nemo can watch them. Quite a lot of people will remember 336 now and, with her indulgence, I shall be tempted to use some of those numbers when I next fill in my national lottery form as they have brought her such luck in the past.
Why is deep sea mining such a prominent issue just now? One or two comments have been made to the effect that the Bill is in some way premature and that the industry is in its infancy, and some have asked why we are doing this now. It is worth recalling that in the 1980s there was a great deal of interest in deep sea mining, although I must confess that I was not aware of that myself. There were expectations then of a major boom in deep sea mining and pessimism in many quarters that an internationally agreed regime could not be achieved. It was against that background that the Deep Sea Mining (Temporary Provisions) Act 1981 was passed.
The addition of the words “Temporary Provisions” to that Act now seems ironic, as here we are 33 years later and the Act is still in force. That, presumably, gives a new definition to the word “temporary”. Let us hope that the same use of the word does not apply when we talk about other parties “temporarily” holding on to seats that should be ours in the south-west—we do not envisage that going on for 33 years, Madam Deputy Speaker. In recognition of the fact that deep sea mining is here to stay, we will remove those words from the short title. I imagine that that is probably the most uncontentious thing I could say.
Going back to the 1980s—and many of us would like to—
Madam Deputy Speaker (Dawn Primarolo)
Order. With respect, we do not need to go back to the 1980s. We are on the Third Reading of a Bill that apparently has support in the House and the debate is about the provisions of the Bill. We have moved beyond needing context from the 1980s. There are a lot of Bills still to come this morning, so I would be grateful if the Minister referred to this Bill and its provisions.
Mr Swire
I am making as much haste as I possibly can, Madam Deputy Speaker, given the complexities of some parts of the Bill. I was alluding back to the ’80s because of the commercial side of the issue. The commercial companies that showed an interest in deep sea mining at that time ceased to do so and although the idea lived on, it did not seem likely to become a reality any time soon.
Mr Nuttall
Does the Minister know why, over the intervening three decades, cross-party agreement has arisen on these matters? If we look back to the debates on the 1981 Act, we can see that it was pretty contentious, with Divisions on Second and Third Readings.
Mr Swire
I think that is for two reasons. First, such ideas are becoming a reality, whereas in the 1980s they were a distant prospect, and, secondly, our understanding of the management of the environment, not least the marine environment, has improved in leaps and bounds. Marine conservation zones and ecological balancing mean that we are way ahead of where we were then. No doubt you would rightly stop me going down memory lane to the 1980s, Madam Deputy Speaker, so I shall not continue along that line, but I hope that I have answered my hon. Friend’s questions as best I can.
The other part of the prediction also turned out to be incorrect. We were able to achieve an internationally agreed regime for deep sea mining. However, the road to achieving that was not straightforward. When the United Nations convention on the law of the sea was first adopted, the United Kingdom, in common with other industrialised countries, could not accept the provisions on deep sea mining. Those were included in part XI of the convention and were not attractive to commercial companies. The industrialised countries stood aloof from the convention, even though—apart from part XI—the provisions were satisfactory. Indeed, they were of great advantage to industrialised countries.
As the date for the convention’s coming into force grew closer, the developing countries appreciated that a convention with no participation from industrialised countries would not be to their advantage. Negotiations began to revise part XI or, in the diplomatic speak of the time, to set out how it would be implemented. I am pleased to note that United Kingdom representatives played a prominent role in those negotiations. The result was the so-called part XI agreement, which met the concerns of the industrialised countries and paved the way for the United Kingdom and other industrialised countries to ratify the convention.
Let me say now that the British Government consider that the convention, read with the part XI agreement, represents an excellent platform for the future development of deep sea mining. There is a need to ensure that the commercial terms encourage commercial companies, which are rightly hard-headed about the process, to invest the large sums necessary to make deep sea mining a reality. My hon. Friend the Member for Bury North (Mr Nuttall) elegantly made the point, in a well-balanced argument, that there is a balance to be struck. We want to encourage deep sea mining and ensure that companies come here to register for the licences, but we do not want to give them false expectations; they can spend huge amounts of money before they mine anything. That is one reason why we were unable to accept the amendment.
Ultimately, the deep sea is, as the convention says and as the hon. Member for Bristol East said, the common heritage of mankind; that is the phrase that has been universally used. It is a ringing phrase, which means a great deal to many people around the world, particularly those who are nervous about the concept of touching the sea bed. Ultimately, the benefits of deep sea mining should be shared with all members of the international community. That is recognised by the convention, and we are happy to endorse it.
The hon. Lady and my hon. Friend talked about profits and which country should benefit from any money made, which is perhaps slightly putting the cart before the horse. Apart from the licence fees, the issue of what direct benefits will accrue to sponsoring states is one of the many that will need to be considered during the development of the exploitation regulations. However, the indirect benefits are likely to be substantial. Deep sea mining is a significant opportunity for UK industry, especially in the light of the technological advances made during the development of the oil and gas industry in the North sea. We look forward to UK industry making full use of that opportunity.
As for the International Seabed Authority, its council will have to produce in due course rules about the
“equitable sharing of financial and other economic benefits deriving from activities in the Area”,
taking into particular consideration the interests and needs of the developing states. In other words, the ultimate intention, although we are probably a long way away from this, is that the economic benefits of deep sea mining should, rightly, be shared with developing countries. Talk of the precise nature of how the money will be held and disbursed, and of where sovereign wealth funds should be located and who should be involved with them, is somewhat premature.
Nevertheless, a balance is needed between the requirements of the commercial companies and those of the beneficiaries in the international community as a whole. It would be counter-productive to fix payments to the international community at a level that would deter the commercial companies. In other words, we must ensure that the international community secures a reasonable rate of return without putting off the commercial companies without which there would be no mining at all—ergo no revenue, no sovereign wealth fund and no ability to share any profits with developing countries because, by definition, there would be no profits to share.
I am perhaps getting a little ahead of myself because, at present, there is no mining on the deep sea bed—that is a statement of fact. There have been only applications to explore for minerals. So far the International Seabed Authority has approved 19 such applications. Four more were held over from its 2013 session, and at least three new applications will be considered during the coming year.
The pace of applications has increased markedly in the last few years, as we might expect. There may well be many reasons why, but there is no doubt that there are two in particular: first, the development of technology, much of it by British companies that have been working in the North sea for many years, as their unrivalled expertise in deep sea drilling has a knock-on effect for their understanding of deep sea mining; and, secondly, the exponential economic growth in certain countries, which I need not name, that has fuelled a significant increase in their demand for metals and precious minerals. It follows that deep sea mining for mineral deposits on the sea bed is close to becoming technically and economically viable. It is also a truism that, with an increasing world population and finite resources, we will need to look to the oceans to provide additional sources of support for our growing needs and demands. We need to be acutely aware of changes in our ability to produce energy and extract minerals. I refer the House to the need for a serious look, from an environmental perspective, at the exploitation of shale gas, which has had hugely beneficial effects, especially regarding the cost of energy, in countries such as the United States that are well ahead of us on that practice.
Perhaps I should explain to the House how the system set out in the United Nations convention on the law of the sea works. Any application to explore for mineral resources on the deep sea bed requires sponsorship by a state party, which must be able to exercise sufficient jurisdiction over the company it is sponsoring. It is worth saying that an advisory opinion in 2011 by the International Tribunal for the Law of the Sea helpfully elucidated the duties cast on a sponsoring state by the convention, which include a requirement to adopt a precautionary approach to environmental issues.
Once a company has secured the sponsorship of a state, its application goes to the International Seabed Authority. I am pleased to note that the authority’s headquarters are in Kingston in Jamaica, a fellow Commonwealth country. I am the Minister for the Commonwealth, so I have a further excuse to go and inspect the headquarters personally—if the cold weather continues, I shall be going sooner rather than later.
The application will then be considered by the legal and technical commission of the International Seabed Authority, which is composed of experts from across the world and gives technical advice to the ISA’s council. Once approved by the commission, the application is forwarded to the council, which is composed of a number of member states that have a particular interest in deep sea mining. It is then for the council to approve the application.
The final step is that the contractor and the International Seabed Authority enter into a contract that has a number of standard provisions, including on the reports that the contractor must make to the authority. Effective regulation of the contractor will be secured through a combination of those provisions and the domestic law of the state sponsoring the application. The authority is at present concerned only with the exploration of the deep sea bed.
Mr Nuttall
The Minister may be aware that the original convention on the law of the sea established a body called the Enterprise, the purpose of which was to serve as the authority’s mining operator. As far as I am aware, no steps are being taken to bring the Enterprise into operation. Is he aware of any moves in that direction? Will the ISA take control of this itself?
Mr Swire
I am not aware of any such rules, but I commit to writing to my hon. Friend once I have clarified that point. I am pleased that the ISA’s secretariat is thinking about the regulations that will be necessary once exploitation begins. The United Kingdom delegation at the authority’s most recent session made clear the importance that we attach to the development of those regulations, which will be an important step for the authority and one in which the United Kingdom is determined to play its full part. There are important environmental issues to be resolved, but there is also a financial issue relating to the amount of any payment to the ISA, to which I have already alluded.
What of British involvement in deep sea mining, which is really what the Bill is about? I am pleased to say that the United Kingdom has now sponsored two applications. The first was approved by the ISA’s council in 2012, and consequently a British company will cover an area of sea bed twice the size of Wales and 4,000 metres deep. Disappointingly, the legal and technical commission did not have time to consider the second application at its sessions last year, but we hope it will approve the application at its session beginning in February, and that the council will approve the application when it meets in July.
Deep sea mining is a very exciting and pioneering industry, and the Government are pleased that the United Kingdom is at the forefront of its development. Last year, my right hon. Friend the Prime Minister spoke at an event in London to celebrate the signing of the contract between the United Kingdom’s sponsored contractor, UK Seabed Resources Ltd, and the ISA. Our colleagues in the Department for Business, Innovation and Skills organised an industry day at which more than 80 British companies participated. British companies have developed expertise and technology through their activities in the North sea, much of which is transferable to deep sea mining. We hope that significant benefits to the British economy will be forthcoming over the next 30 years. We have heard figures of anything up to £40 billion bandied around this morning. In the Government’s view, it is essential that the United Kingdom does not ignore these potential benefits. As I have said—it is also the assessment of the International Seabed Authority—we are at the threshold of a new era of deep sea mining. This new frontier presents a valuable opportunity to contribute to the prosperity of the British people, of British companies, and of the United Kingdom as a whole.
Polymetallic nodules, as I am sure we are all now fully aware, contain a higher concentration of valuable metals—up to 28% more, or 10 times the proportion usually found on land. Many of the metals contained in these sea bed deposits are considered to be valuable “technology metals”, which are increasingly important in high-technology industries that benefit us all, including electronics, clean technologies such as hybrid cars and wind turbines, and the construction and aerospace industries. The strategic importance of this source of minerals and metals should not be underestimated, not least as they contain trace metals such as rare earth elements used in electronics, where it is important that land-based sources should face competition from potential sources on the deep sea bed. Such an amount of previously untapped wealth can create vital jobs for the British economy, not only in deep sea mining but in the supply chain supporting the industry, such as the engineers developing machines to harvest polymetallic nodules in an environmentally sensitive way.
As my right hon. Friend the Minister for Universities and Science has pointed out, this new industry plays to the UK’s strengths as a world leader in maritime engineering and innovation—which, incidentally, is of increasing importance to us in the south-west, as my hon. Friend the Member for South East Cornwall will be well aware. As I mentioned, last year my right hon. Friend the Prime Minister attended and spoke at an event to welcome the award of an exploration licence to British company UK Seabed Resources, secured with the support of the Foreign and Commonwealth Office and the Department for Business, Innovation and Skills. There can be no greater demonstration of the Government’s commitment to this rapidly developing industry.
Turning to the Bill, I would first like to emphasise—
Madam Deputy Speaker (Dawn Primarolo)
Order. The right hon. Gentleman has been speaking for some considerable time now. We have covered everything. We have covered the international authority, prime ministerial speeches and agendas for Government Departments. I would now like him to focus specifically, and briefly, on his comments with regard to the Bill.
Madam Deputy Speaker
Order. With respect, the right hon. Gentleman covered that right at the beginning of his speech when he outlined the originating of the 1981 Act, the fact that it was temporary, the fact that it did not need to be temporary now, and the increased interest in deep sea mining. I think we have covered why it is important; we have covered the money and the jobs. The Minister just needs to finish off on the Bill.
Mr Swire
Indeed, Madam Deputy Speaker. In that case, I will abbreviate my concluding remarks to address a specific point that was raised about Scotland, on which I owe the House an answer.
I am pleased that we were able to reach agreement with the Scottish Government to extend the Bill to Scotland. Amendments to that effect were moved in Committee by my hon. Friend the Member for South East Cornwall, supported by the Committee. This was a very technical change that took some time to sort out, but we got there. As with other British companies, Scottish companies are well placed to take advantage of the opportunities presented by the development of deep sea mining. Many of them have been active in the North sea and can therefore adapt their expertise and the technologies they have developed into the new and exciting world of deep sea mining.
We have enjoyed—at least, I have enjoyed—an informed and productive debate that has demonstrated a real understanding of the economic and strategic importance of this Bill for the United Kingdom, balanced with the need to ensure safeguards for the environment. One of the important issues we have rightly discussed is the environment of the deep sea and the potential impact of mining on the species living on the sea bed. All of us—Governments, parliamentarians and private companies alike—must be conscious of our shared responsibility for the stewardship of the deep sea bed.
I hope I have answered the majority of points raised. My right hon. Friend the Prime Minister has shown how this issue is an example of the UK leading the way—both in legislation for the awarding of licences and in the support we will give—in an exciting new industry. The industry is expected to be worth up to £40 billion to the British economy over the next 30 years. The United Kingdom is open for business, competing in the global race.
This Bill has been improved by amendments and has been met with general approval from Members throughout the House. I am confident that when future generations look back at what we have done, they will see that we have done everything we can to strike the right balance between protecting the environment and exploiting this valuable resource in support of our country’s prosperity.
I thank all those who have taken an interest in and contributed to the excellent discussions as the Bill has progressed. In particular, I reiterate my warmest congratulations to my hon. Friend the Member for South East Cornwall on introducing the Bill. I hope the House will join me in supporting the Bill’s Third Reading and wishing it a speedy and successful passage through the other place.