(8 years, 3 months ago)
Lords ChamberI can certainly write to noble Lords about what advice we have received, if that would be helpful. I return to my point that we have a strong regulatory system right across the board in this area and we should look to this as an opportunity.
My Lords, I declare an interest as a Lancashire resident. Would the Minister be prepared to inform the House, in writing if necessary, how many of the controls, considerations, regulations and judgments will be made by those external to the industry concerned and how many will be made by those involved in gaining profit, however low they choose to set the safety targets? My recollection is that the Government did not want all the regulation to be external, and that they wanted the industry itself to tackle this. Some of us are concerned about that.
I am the new Energy Minister, but I have been struck by the variety of independent outside agencies that are involved in this site-specific process. There can also be benefit to the community, both through the community benefit package, which involves an industry contribution, as the noble Baroness is suggesting, and from the shale wealth fund, on which we are consulting, which will allow some of the tax revenues to be shared with individual members of the community.