(2 years, 6 months ago)
Lords ChamberMy Lords, supply is a key factor when it comes to price, so, given the conflict in Ukraine, can my noble friend outline what the Government are doing to ensure that we have security of energy supply?
My noble friend makes an important point. The best thing we can do to ensure security of supply is to generate more of our supply here in the UK. For that, we need to keep producing as much oil and gas as we can from the North Sea during the transition period, and to ramp up the amount of homegrown renewables and nuclear, which we are also doing.
(2 years, 9 months ago)
Lords ChamberThat was indeed the point I made in response to the Question. We have banned Russian vessels but, at the moment, cargo can still be imported, in relatively small quantities, from other vessels. We are in urgent consultation with our allies on whether we can go further.
My Lords, I have listened carefully to this debate. While I accept that it is no silver bullet, is the real question in the short term not if the Government will start fracking but when?
I understand the attraction of this option but I am afraid that, having looked closely at this, there are some severe environmental problems—we cannot hide this fact—with original fracking operations. Lancashire is not Texas; it is much more heavily populated. Fracking is a relatively unproven technology in the UK. The reality is that it would be many years, if not decades, before we got meaningful quantities of gas out of the ground, even if we could resolve all the environmental problems—and none of that would affect the current price. We would not be producing anywhere near enough gas to affect the high prices in an international market so I am afraid, much as I would love it to be the case, it really is not the silver bullet that people think it is.
(2 years, 10 months ago)
Lords ChamberMy Lords, I am afraid that there is no evidence at all that an IP rights waiver of the kind that the noble Lord suggests would help us to meet his objectives. The reality is that a proposal for a TRIPS waiver would break up the very framework that helped to produce Covid-19 vaccines at an unprecedented pace. That is the key point.
Actually, I give way to the noble Lord, Lord Browne, who has been trying to speak for some time.
I am very much obliged to the noble Lord. What assessment have the Government made of the establishment in Cape Town by Afrigen Biologics and Vaccines of the first Covid mRNA vaccine technology transfer hub for vaccine production in Africa? It benefits from the fact that Moderna has effectively suspended its patent rights during the pandemic. The European Union, the World Health Organization and numerous countries, prominently France, have funded this project in a Commonwealth country. Have the Government thought about a similar initiative with AstraZeneca, given that 97% of the investment in the AstraZeneca vaccine was from the Government or from philanthropy, not from other investors?
(3 years, 9 months ago)
Lords ChamberThat is the third time that this question has been asked. Government investment in OneWeb was for cutting-edge telecommunications capability based on market analysis. We have always been clear that PNT services were not the rationale for this particular investment.
My Lords, this is an ambitious project, but I cannot help but feel that, on a cost basis alone, it is one that is best pursued with our allies, perhaps the Five Eyes community. There is no doubt that we have an enormous amount to offer, not just the skills that we hold here in the United Kingdom, but does my noble friend agree that the strategic location of some of our overseas territories in the southern hemisphere will make us very attractive partners?
Indeed. I know that my noble friend has great experience in these matters. Collaboration with partners and industry will be vital for success in this field. A new UK capability could offer opportunities to deliver more on global Britain through strengthening our international relationships. We would most likely seek to use our overseas territories for ground-based stations.
(4 years ago)
Lords ChamberMy Lords, as we have just heard, and if press reports are to be believed, Royal Air Force planes are on standby to transport the Covid vaccine in the event of no deal—a perfectly reasonable thing to do under the military aid to the civil authorities rules. However, the rules are very clear that military assets can be used only if all commercial alternatives have been exhausted, so I seek reassurance from my noble friend that those commercial alternatives will be used first.
I welcome my noble friend to these Benches. He has acknowledged expertise in this area and, of course, he is quite right: commercial options will be used first, second and third, and the military only as a very last resort.