(2 years, 7 months ago)
Lords ChamberThe financing of development activity is, of course, a commercial decision and the Government do not intervene in those investments. But, in March 2021, in a co-ordinated effort with the European Union, the US and Canada, the UK imposed sanctions, including travel bans and asset freezes, on several Chinese officials in response to the human rights abuses against the Uighur community. I assure the noble Lord that we continue to monitor the situation. The UK has introduced global human rights sanctions regimes, complementing our anti-money laundering measures, including those implicated in human rights abuses, ensuring that they cannot utilise funds that have been obtained illicitly in the UK.
My Lords, that concludes Oral Questions for today.
(2 years, 8 months ago)
Lords ChamberAs I said, we have not taken any decision on the current takeover yet, but the UK will always enthusiastically champion free trade, recognising that the vast majority of inward investment into this country is highly beneficial and creates jobs and prosperity for the country. An open approach to international investment, as many other countries have, has to include the appropriate safeguards. We have powers under the Enterprise Act 2002 to intervene in mergers or takeovers that raise particular public interest concerns. As I have intimated in other answers, we have recently strengthened our powers through the National Security and Investment Act, which will commence on 4 January.
My Lords, all supplementary questions have been asked and we now move to the next Question.
(2 years, 8 months ago)
Lords ChamberWe are attempting to provide as much clarity as possible. It is difficult because, of course, the regimes are different in every member state. They have different immigration regimes and different enforcement regimes, but we are endeavouring to provide as much clarity as possible and we are publishing that information on GOV.UK.
Lord Mann? He is not here. I call Baroness Altmann.
My Lords, given that these impacts were known and understood during the Brexit negotiations, has the pandemic had any particular effect on this problem? What measures did the Government intend to introduce alongside the trade and co-operation agreement to protect and support these citizens?
(2 years, 8 months ago)
Lords ChamberThe noble Baroness raises a valid point, because the effects of climate change include rising sea levels, but they are consolidated, considered and adapted throughout the lifetime of nuclear power stations. As the noble Baroness is of course aware, we have a robust regulatory framework. Planning permissions and environmental permit requirements mean that no site can be built or developed unless all these factors are taken fully into account.
My Lords, all supplementary questions have been asked, and we now move to the next Question.
(2 years, 9 months ago)
Lords ChamberWell, as I told the noble Baroness in my Answer, we have really strong governance around climate change. There are two Cabinet committees, one established and chaired by the Prime Minister and the second chaired by the COP 26 president designate. Of course, we look at all policies and their impact on climate change.
I call the noble Lord, Lord McColl of Dulwich. No? I think we will go on to the next supplementary question. I call the noble Lord, Lord Curry of Kirkharle.
Can the Minister confirm that, as stated in their response to the Climate Change Committee recommendations, government policy that flows from the Agriculture Act and the Environment Bill that impacts on agriculture will take a holistic approach and take into account the significant benefits that agriculture does and will deliver, such as carbon sequestration in soils, crops and plants?
The independent Committee on Climate Change recognises that there is an ongoing role for oil and gas, and we are working hard to drive down demand and emissions. The updated Oil and Gas Authority strategy includes a requirement for industry to “take appropriate steps” to support the delivery of the net-zero target—and, of course, we have put forward the ambitious decarbonisation plan for the North Sea. With regard to the Cambo field, Shell and Siccar Point have put forward a development proposal seeking consent, with an intention to commence production in 2025. This is not a new project; it was licensed in 2001 and 2004 and is going through the normal regulatory approval process.
My Lords, the time allowed for this Question has elapsed.
(2 years, 9 months ago)
Lords ChamberWe are considering the issue of enforcement in the audit reform consultation that I mentioned in my previous answer. We are extending the powers of the FRC, creating a new audit reform regulator in ARGA and we will be issuing our response to the audit reform consultation later in the year.
My Lords, all supplementary questions have been asked and we now move to the third Oral Question.
(2 years, 9 months ago)
Lords ChamberWe believe that nuclear will have a role in low-carbon hydrogen production in future. The details of the hydrogen business model will be set out in the forthcoming strategy. At this stage, our aim is to remain technology-neutral. As the noble Lord indicated, under the existing RTFO, the hydrogen must be produced from renewable energy to be eligible. Changing that would require primary legislation.
My Lords, all supplementary questions have been asked. We now come to the fourth Oral Question.
(2 years, 10 months ago)
Lords ChamberI can certainly give the noble Lord the assurances that he is looking for: we will work with all partners, domestic and international, in order to ensure that the UK steel sector has a viable future. Of course, we all know the challenges that it faces, but we are committed to doing what we can to help it. I mentioned the steel council, which was reformed, with government, the industry and the trade unions working together to produce a viable future for the industry. It has met twice already and will meet again further this month, chaired by my right honourable friend the Secretary of State.
My Lords, all supplementary questions have now been asked, and we now come to the fourth Oral Question.
(2 years, 10 months ago)
Lords ChamberMy noble friend is very keen on innovation. I am delighted to tell him that, as part of BEIS’s £505 million energy innovation portfolio and our £10 million Industrial Energy Efficiency Accelerator programme, we have provided grant funding for technology developers—industrial sites to install, test and prove innovative equipment that could help to reduce energy consumption and greenhouse gas emissions. We have also boosted access for SMEs to energy efficiency innovation competition and provided £6 million to fund the development of innovative market solutions that can provide businesses with tailored energy efficiency advice.
My Lords, all supplementary questions have been asked and we move to the next Question.
(2 years, 10 months ago)
Lords ChamberThe noble Lord of course makes an important point about worldwide emissions and our overall carbon footprint. We have been at the forefront of measuring the emissions associated with our global carbon footprint every year. Defra publishes statistics to account for emissions generated overseas in the production of goods and services consumed here in the UK. The latest statistics show that our overall carbon footprint decreased by around 26% between 1997 and 2018, while our territorial emissions fell by 38% over the same period.
My Lords, all supplementary questions have been asked.