Economic Crime and Corporate Transparency Bill

Debate between Baroness Altmann and Lord Goldsmith of Richmond Park

Committee stage
Tuesday 9th May 2023 Grand Committee

[Lord Goldsmith of Richmond Park (Con)]

I thank the noble Lord, but I do not know what the legislative mechanism would look like to make that possible. I am afraid that it is something that I am going to have to—

[Baroness Altmann (Con)]

I thank my noble friend for giving way. I realise that he is in a somewhat difficult position, but I add my encouragement to him to discuss with colleagues the possible amendments that we have laid—

[Baroness Altmann (Con)]

Yes, Amendment 85 would allow seizure of assets with a view, one hopes, eventually to being able to use them to reconstruct Ukraine in this case, but for other purposes as well. It would be an ideal way to pave the way for this to happen.

[Lord Goldsmith of Richmond Park (Con)]

The noble Baroness makes a similar point. It is not for me to determine the legislative or other route for achieving the possibility of using those frozen assets. It is something that I know that the Government are looking at and are sympathetic to, but I cannot go into any further details, because it is not an area where I have any particular expertise or authority. But I know that the Government are looking closely at the possibilities of doing so and recognise that there is a huge value in doing so, if we can.

Rivers and Coastal Waters: Sewage

Debate between Baroness Altmann and Lord Goldsmith of Richmond Park

Monday 29th November 2021 Lords Chamber

[Lord Goldsmith of Richmond Park (Con)]

My Lords, we have made it clear to the water industry, including Southern Water, that it needs to reduce the adverse impacts of all sewage discharge discharges, whether treated or untreated, as a matter of urgency. In addition, the sector will need to demonstrate year-on-year progress in meeting those targets. Where the targets are not met, the Government will have no hesitation whatever in stepping in and using all the tools at our disposal.

[Baroness Altmann (Con)]

My Lords, I thank my noble friend, his department and his officials for all the support that they have given on this issue during the passage of the then Environment Bill and the amendment from the noble Duke, the Duke of Wellington, that was finally accepted. I welcome the investigation into the sewage discharges. Does my noble friend agree that a ban on wet wipes would significantly improve the ability of water companies to manage sewage treatment more effectively and, if he does, when any such measures could be anticipated?

[Lord Goldsmith of Richmond Park (Con)]

The noble Baroness makes a really important point. There is no doubt that wet wipes can be a serious contributing factor to overflows at treatment works. Defra has already announced a call for evidence, which will explore among other things a possible ban on single-use wet wipes—or at least those that contain plastics. I assure the noble Baroness that, whatever the outcomes of that call for evidence, we are absolutely determined and willing to do whatever is necessary.

Environment Bill

Debate between Baroness Altmann and Lord Goldsmith of Richmond Park

Committee stage
Wednesday 7th July 2021 Lords Chamber

[Baroness Altmann (Con) [V]]

My Lords, I apologise for not being able to participate in the earlier discussion. I thank my noble friend for his clear response and for the meeting that he held. Will he clarify the Government’s thinking? Clause 78 requires a plan and an annual review, but who takes responsibility for the urgent action needed to control not just storm overflows but other discharges that are polluting our rivers? What will plans entailing long-term action mean for the Government’s expectation of how this will work? I know that my noble friend passionately agrees that we must deal with this issue. Will he commit to having further discussions with all interested noble Lords?

I thank my noble friend, as I will call him, the Duke of Wellington for all the work he has done to address the issue of who should take responsibility for the urgent action and financing needed to improve this situation and to invest the necessary resources to avoid or reduce polluting our rivers year by year. This could be done together with Ofwat, possibly by passing the costs of sewage waste on to household and commercial water bills. At the moment, it seems that people do not really focus on the costs of the waste they generate: it is waste, it is gone and therefore it does not feature, as it would if there were a perceived or actual cost. Perhaps the Minister would agree to meet to discuss this possibility.

[Lord Goldsmith of Richmond Park (Con)]

My Lords, I thank my noble friend for her useful intervention. She is right: the cost of pollution rarely features on the balance sheet. Her suggestion that, in order to move forward, we need to find a way of internalising those costs is spot on. It is also the main thesis of the Dasgupta review. She asked who will be responsible: ultimately, the water companies will need to improve their act in order to prevent pollution of our waterways, but it is for the Government to set the framework and the rules. It is not the Government who will deliver the solution on the ground: that will be for the water companies and they will be required to do so. She also asked if I would be willing to meet. Yes, of course, I would be happy to meet her, my noble friend the Duke of Wellington and anyone else who has a particular interest in this issue. I am very keen to get this right.

Environmental Programme: COP 26

Debate between Baroness Altmann and Lord Goldsmith of Richmond Park

Monday 9th March 2020 Lords Chamber

[Lord Goldsmith of Richmond Park]

The noble Lord is right that it does not matter where an airport or a new runway is built, in terms of carbon emissions. The Government are probably enormously relieved to know that I am not the Minister in charge of airport policy. I afforded myself a quiet cheer when the court made its ruling a few weeks ago.

[Baroness Altmann (Con)]

My Lords, I congratulate the Government on introducing environmental measures in the Pension Schemes Bill. I wonder if my noble friend agrees that the potential for using pension assets to improve mitigation against climate change and measures to adapt to climate change is really important? In the context of International Women’s Day, does he agree that closing the gender pensions gap, which is more than twice as big as the gender pay gap, would be of assistance in that regard?

[Lord Goldsmith of Richmond Park]

As I rose to answer my noble friend’s question, I was told that her second point is being considered by the Government as we speak. On her first point, she is right that investment in energy efficiency and so on lends itself absolutely to pension funds, not least because it offers the kind of long-term, low-risk, medium-return investment that is exactly what they tend to favour. I do not believe that the mechanism for deploying huge amounts of private finance of the sort that we will need if we are to solve these problems exists to channel enough money into environmental solutions, but there are enough examples of what that mechanism might look like so that, by the end of this year, we as a country will be able to demonstrate real leadership in deploying the levels of private finance that we will need.