My Lords, I must confess that I am rather puzzled by this amendment, as indeed I was by the Prime Minister’s announcement more than a year ago that he and Mr Hollande would both sign up to EITI. EITI was, of course, an initiative by the previous Government with the very commendable aim of ensuring, as the noble Baroness said, that oil industry companies are obliged to disclose their financial transactions and treasuries are obliged to disclose the revenue. It was very commendable because it was initiated for countries where the oil industry was extremely corrupt and made clandestine payments to the Government in exchange for concessions and where taxpayers—if indeed they paid much tax at all as they were too poor—had absolutely no sight of these financial transactions. Now, even the most extreme critic of British capitalism would not, I think, say that anything like that regime obtains here so I am curious as to why we need to sign up to this system, which was entirely meant for developing countries where their resources have proved inimical rather than helpful to their development. It is also my understanding that the revenue obtained from oil companies is easily available from the Treasury in any case, so why this amendment?
My Lords, I put one small question to the Minister. We discussed in the previous amendment a new levy that will be introduced as a consequence of the Bill. Is it envisaged that that levy would be includable in EITI reports and, if so, is it a tax for the purposes of the proposed new Section 8A of the Commissioners for Revenue and Customs Act 2005?
(13 years, 5 months ago)
Lords ChamberMy Lords, before speaking to Amendment 170CD, perhaps I may express my extreme disappointment with the usual channels at their arrangements, which effectively prevented me from carrying out the job of scrutinising legislation here and speaking to Amendments 170B, 170C and 182, to which I added my name, because I was moving an amendment tabled in my name alone in the Education Bill Committee in the Moses Room. I hope that there will be no repetition of such a ridiculous arrangement in September so that noble Lords can carry out the work for which they were appointed.
I turn to Amendment 170CD. The noble Lord, Lord Best, explained clearly what it is about. I will add that the Housing Minister Greg Clark's awareness of the importance of good design is well known and appreciated. This new proposal is almost a tautologous requirement. One might say that there would not be much point in sending off an application to an independent panel and then paying no attention to its recommendations. This is the lightest of light touches. It is a gentle nudge in the direction of trying to make sure that, in the words of Greg Clark,
“the built environment is better than it otherwise would be, and that it is beautiful and functional for people to live in”.—[Official Report, Commons, Localism Bill Committee, 1/3/11; col.718.]
I hope the Minister will understand that. I am sure she will and that she will agree to accept the amendment.
We had a canter round this yesterday—at least it seems like it was yesterday. We are very supportive of these amendments.