Windfall Tax: Oil, Gas and Energy Companies

Baroness McIntosh of Pickering Excerpts

Tuesday 22nd February 2022 Lords Chamber

[Baroness Penn (Con)]

My Lords, I believe I have already answered a question about the level of the green levy on bills. However, I have also given the reassurance that the Government are committed to their net-zero targets. That involves a transition from fossil fuels to greener forms of energy, which is why we have a plan in place to do so.

[Baroness McIntosh of Pickering (Con)]

My Lords, does my noble friend agree that it is only in this sector that the industry is not paying for future infrastructure? Will she ensure that, rather than funding renewable energy through green levies, companies will be able to go to the market and fund them in the usual way?