(2 weeks ago)
Lords ChamberIs the Minister aware that those fields produce oil and gas that is cheaper and of a better quality than the comparable materials that we import? Surely that is a sensible way forward.
The noble Lord perhaps refers to the relative cost of supplies into the UK, which is a fairly complicated matter, and the carbon content of those supplies, which is also a further complicated matter. Those supplies are lower in carbon content than LPG coming in but are nevertheless much higher in carbon content than renewable supplies, which the Government are working on at the moment. The question of price and value is a very complicated issue, but one which is not necessarily germane to the current crisis.