Russian Oil Import Ban

Alun Cairns Excerpts

Wednesday 9th March 2022 Commons Chamber

[Madam Deputy Speaker (Dame Eleanor Laing)]

Order. I think I said quite clearly no more shouting from people who are sitting down.

[Alun Cairns (Vale of Glamorgan) (Con)]

I commend my right hon. Friend’s statement and pay tribute to him and his predecessors for the diversification they have made to the supply, security and sources of the energy mix over recent years, despite the lack of investment in nuclear during the 2000s leading up to 2010. Does he agree that oil will remain a key source of energy for some time to come as we are transitioning? What consideration has he therefore given to bringing about influence on OPEC nations to produce more oil so that the global supply can be better managed?

[Kwasi Kwarteng]

My right hon. Friend raises a particularly important point. We had a discussion at the IEA ministerial only last week where we all agreed as a collective to release our stock. That was an American initiative that we supported. Clearly, we need to work as an international community to ensure we can provide enough supply to dampen the increase in prices that we are seeing.