Oil and Gas: UK Continental Shelf
Debate between Lord Goddard of Stockport and Lord Henley(6 years, 6 months ago)
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Lord Henley
The noble Lord makes a very important point, which I will certainly pass on to my colleagues in other departments.
Lord Goddard of Stockport (LD)
My Lords, I draw attention to my interests in the register; I am a vice-chairman of the All-Party Parliamentary Group on the British Offshore Oil and Gas Industry. Does the Minister agree that one way to enhance the recovery of oil and gas from the United Kingdom continental shelf, increase tax revenues and create valuable jobs in the industry—which has lost 150,000 jobs since 2014—would be to focus simply on extended production of late-life fields and promote early development of known proven resources?
Lord Henley
The noble Lord is correct: we should do that. As his noble friend said, we should also continue with explorations. There is much that we can do, that the Government are doing and that the industry is doing.
European Structural and Investment Funds
Debate between Lord Goddard of Stockport and Lord Henley(7 years ago)
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Lord Henley
My Lords, I did not say there would necessarily be different criteria. I said—and I am sure my noble friend would agree with this—that the decisions would be made by us and not by the EU.
Lord Goddard of Stockport (LD)
My Lords, perhaps a fifth time might get the right answer. Will the Minister confirm whether the £21 million investment in the Greater Manchester low carbon and innovation fund will be funded if we leave Europe, following a hard Conservative Brexit? There are 2.8 million people relying on the answer, so for brevity, perhaps “yes” would suffice.
Lord Henley
My Lords, again I ask the noble Lord to listen to what I have to say. I gave a categorical guarantee about the financial settlement and structural funds that have been agreed as part of the 2014-20 funding. I do not know about the specific project to which the noble Lord referred, but if it is included, it will be guaranteed. We have also made a guarantee about a no-deal scenario that all projects that were signed up to before the Autumn Statement 2016 will be guaranteed by the Government after the United Kingdom leaves the EU.