Net-zero Emissions Target: Fossil Fuel Extraction Projects

Debate between Lord Callanan and Lord Faulkner of Worcester

Wednesday 3rd November 2021 Lords Chamber

[Lord Callanan (Con)]

I am of course delighted to hear that the Prime Minister is dear to the noble Baroness. But, as I think she is aware, no decision has yet been taken on the proposed Cumbrian coal mine. The public inquiry began on 7 September. The formal part of the inquiry has now concluded. The planning inspector will write up his report by the end of the year and submit it to the Secretary of State for Levelling Up, Housing and Communities. It is now part of a quasi-judicial process, so the noble Baroness will understand that I cannot commit the Government to any action.

[The Deputy Speaker (Lord Faulkner of Worcester) (Lab)]

My Lords, that concludes Oral Questions for today.

Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill

Debate between Lord Callanan and Lord Faulkner of Worcester

2nd reading
Thursday 21st October 2021 Lords Chamber

[Lord Callanan]

That the Bill be now read a second time.

Debated in Grand Committee on 19 October.

[The Deputy Speaker (Lord Faulkner of Worcester) (Lab)]

I remind the House that the debate before Second Reading on the Bill took place in Grand Committee on 19 October, and call the noble Lord, Lord Callanan, on behalf of the noble Lord, Lord Greenhalgh.

[The Parliamentary Under-Secretary of State, Department for Business, Energy and Industrial Strategy (Lord Callanan) (Con)]

My Lords, I beg to move formally that the Bill now be read a second time.

European Union Touring Visas

Debate between Lord Callanan and Lord Faulkner of Worcester

Tuesday 14th September 2021 Lords Chamber

[Lord Faulkner of Worcester (Lab)]

My Lords, I declare an interest as a patron of the International Guild of Battlefield Guides. The guild’s UK members fall exactly within the description in the second part of the Question asked by the noble Lord, Lord Aberdare. Will the Minister support the restoration of a level playing field so that guild members may continue to provide guiding services in EU and EEA countries on the same basis as that on which guides from those countries are able to operate in the United Kingdom? Will he also support the guild in achieving recognition by EU/EEA nations of UK tour guide qualifications in the way described by the noble Lord, Lord Aberdare?

[Lord Callanan (Con)]

We will certainly support the guild and its professional qualification associations in achieving mutual recognition. If battlefield guides come under the responsibility of tour guides, which we think they do, that is a regulated profession in 14 EU member states.

Retail Sector: Unemployment

Debate between Lord Callanan and Lord Faulkner of Worcester

Wednesday 27th January 2021 Lords Chamber

[Lord Callanan (Con)]

I enjoyed debating the moratorium with my noble friend—an area in which he has considerable expertise. The moratorium that was introduced is designed to help companies that are financially distressed, and I was very grateful for his recognition of and support for it during the passage of the Corporate Insolvency and Governance Bill. I assure him that the rules for the monitor of the moratorium, who must of course be a licensed insolvency practitioner, will not in any way impede the monitor seeking advice from other restructuring professionals and finding an alternative source of rescue.

[The Deputy Speaker (Lord Faulkner of Worcester) (Lab)]

The noble Lord, Lord Field of Birkenhead, is not available, so I call the noble Baroness, Lady Goudie.

[Baroness Goudie (Lab) [V]]

My Lords, high-street retailers, their customers and their staff should not be prejudiced by unfair online competition, which is contrary to the public interest. To an extent, the supply chains of online retailers rely on the victims of human trafficking, modern slavery, appalling working conditions and exploitation through low pay. These issues are notoriously prominent among a number of the bigger names in online shopping. This is a scandal that must be stopped.

--- Later in debate ---

[Lord Callanan (Con)]

My noble friend makes a very good point. I appreciate that these will be concerning times for members of these pension schemes, but there are measures in place for these situations. We will ensure that we do everything we can to provide support for those who potentially will be impacted. The Pensions Regulator is working closely with both the company and the scheme to ensure that all prior commitments entered into are fulfilled.

[The Deputy Speaker (Lord Faulkner of Worcester) (Lab)]

My Lords, all supplementary questions from Members available to ask their questions have been asked.

COP 26

Debate between Lord Callanan and Lord Faulkner of Worcester

Wednesday 18th November 2020 Lords Chamber

[Lord Callanan (Con)]

My noble friend is tempting me on to dangerous ground with this question. I agree with him that it would be great if more people took their holidays using some of the excellent facilities that are provided for in this country. Of course, however, people should also be free to go on foreign holidays if they wish to do so. One of the purposes of the plan is to see how we can spend more on areas such as decarbonising jet fuel so that aeroplanes in the future will not be so polluting. Hopefully, when we get to our ambitious targets, people will be able to take advantage of excellent holidays either in the UK or, if they wish to do so, abroad.

[The Deputy Speaker (Lord Faulkner of Worcester) (Lab)]

My Lords, all supplementary questions have now been asked and we shall now move on to the next Question.

Covid-19: Financial Markets

Debate between Lord Callanan and Lord Faulkner of Worcester

Wednesday 25th March 2020 Lords Chamber

[Lord Callanan]

Perhaps it would be helpful to the House if I set out what powers the FCA has in this area. Under the short selling regulation, the Financial Conduct Authority has a range of powers which require the holders of net short positions in the issued share capital of a company to make notifications once the thresholds have been breached. It also provides the FCA with the power to suspend short selling or limit transactions where there are significant falls in prices. As I have said, this is being monitored constantly and as yet there is no evidence that it has contributed to the fall in market prices. It forms a relatively small proportion of trading activity at the moment and when studies were made after the financial crisis, again there was no evidence that short selling had contributed to the overall fall in the markets. Nevertheless, it is a situation that we are keeping under constant review and I know that the FCA is watching market activity very closely.

[Lord Faulkner of Worcester (Lab)]

The Government obviously have no responsibility for what is happening in the American markets, but are they watching closely the reports of the short-selling activities in the financial sector, which are having an even more devastating effect than in this country? Are there any lessons that we should learn from the experience in America?

[Lord Callanan]

The noble Lord makes a good point. I am sure that the FCA and the regulators are closely watching what is happening in all markets. As I mentioned, when short selling, certainly in European markets, is banned in certain exchanges, we also limit trading in those countries. So, yes, it is something that we monitor closely.