(1 day, 16 hours ago)
Lords ChamberThe noble Earl is absolutely right to point to the complexity of the situation at the moment, not just in terms of particular kinds of fuel supply but the knock-on effects of, for example, a lack of supply in the Middle East as a result of some refineries being bombed and long-term supply questions across the world about certain other fuels. The national emergency plan for fuel, however, is a plan for shortages of fuels, of which there are none at the moment in the UK.
The wider question is: what will happen as far as prices are concerned as this crisis develops, since we have no means of determining exactly when it will finish? That is not an issue for the national emergency plan for fuel, but it is one for the question of stabilising prices for consumers and ensuring that businesses are not at risk from those prices getting out of control. Indeed, as the noble Earl knows, the Government have already started taking initiatives in this respect. For example, £53 million has been distributed to cushion the effects of price rises in home heating fuel, which are particularly suffered by people who are off grid.
My Lords, can the Minister confirm that sufficient consideration is being given to the maintenance of adequate stocks of petrol and jet fuel for the military, for their ongoing military operations and their essential training, and that consideration is also being given to alleviating any pressures from the price rises on the already hard-pressed defence budget?
I cannot speak in any detail for the Ministry of Defence, but the noble and gallant Lord can be assured that the question of bunkering and keeping supplies, particularly of jet fuel, is very much directed in conjunction with both civil aviation and military requirements. The question, as he implies, is a further one of prices. It is a matter of looking at how best a particularly targeted intervention can be undertaken in future to ensure that prices do not undermine various activities in this country. The Government are keeping a close watch on that at the moment.
(3 years, 1 month ago)
Lords ChamberMy noble friend is dogged in his determination to get tidal on the agenda. I agree with him that we need more renewable energy, and we have allocated a number of CfD contracts to different forms of tidal energy.
My Lords, on a slightly different tack, has the Minister’s department made any assessment yet, or will it do so, of the claims we have recently seen in the press about new technology for carbon capture and storage at sea? Is that likely to be a game-changer or has it been overhyped?
The noble and gallant Lord deserves a longer answer than I have time for. CCUS is emerging technology. We have a huge programme of support and will be making announcements shortly about the track 1 cluster, to use the jargon, of some of the schemes that will be supported. There are a number of innovative schemes around the UK that deserve our backing.