(14 years, 6 months ago)
Commons ChamberI fully agree with my right hon. Friend, who makes an extremely good point. I was very struck when talking to some of the companies involved by the fact that the expertise and technology that had been developed in very hostile environments in the North sea for the offshore oil and gas industry can now be pressed into service to provide platforms for renewable wind.
The coalition agreement also clearly envisages a role for new nuclear, provided that there is no public subsidy. I hope there will be cross-party support for that, as I believe it was also the position in the Opposition’s manifesto. We also have to reduce our overall demand for energy.
I would be grateful for a reassurance to the House, and the people of Sheffield, that the personal opposition of the right hon. Gentleman and his right hon. Friend the Business Secretary to nuclear will not get in the way of confirming the substantial beneficial loan to Forgemasters, and therefore its ability to create jobs and to produce and export to the world the tremendous forging capacity for nuclear that was agreed by the previous Government.
I am grateful to the right hon. Gentleman for his question. That is obviously an important interest for the city of Sheffield and for his constituents. As he knows, the Government have announced that they are re-examining all the contracts that have been signed off since the beginning of this year. That process is under way and will be completed in due course, and further announcements will be made.