Anne-Marie Trevelyan
Main Page: Anne-Marie Trevelyan (Conservative - Berwick-upon-Tweed)Department Debates - View all Anne-Marie Trevelyan's debates with the Cabinet Office
(1 year, 9 months ago)
Commons ChamberThroughout the UK’s presidency, my right hon. Friend the Member for Reading West (Alok Sharma) has engaged with all parties, including co-operating closely with the upcoming Egyptian presidency on the issue of loss and damage. Addressing loss and damage will continue to be a priority for the UK presidency in the run-up to, and at, COP27.
The Egyptian presidency of COP27 has hailed Scotland as leading the world in taking steps in the right direction regarding loss and damage. Scotland’s First Minister has called it a moral responsibility finally to acknowledge the damage done by developed nations through emissions, and to contribute towards loss and damage funding. What more can this Government do to follow the lead of the Scottish Government in tackling that important issue?
Loss and damage has been, and continues to be, a priority for the UK COP26 presidency. The Glasgow climate pact dealt explicitly with that issue, recognising the urgency of the challenge, and the Santiago Network will enable technical support for countries to understand climate impact, and to plan and carry out actions on account of that.
Let me take this opportunity to put on record my thanks, and I know that of the whole House, to my right hon. Friend the Member for Reading West (Alok Sharma) for his absolute and unwavering commitment as COP26 President on behalf of the United Kingdom. His team, led by Peter Hill, have worked tirelessly alongside him and deserve great praise. My right hon. Friend has brought the world together, not only raising ambition across the board for net zero strategies, nation by nation, but building trust and confidence that that can be achieved by driving the global change in the private sector’s view of money. In turning investment green, he has been able to drive the commitments of Governments and business to make decisions with net zero at their heart. If Paris set the mitigation goal, Glasgow—under his leadership—turned that into real commitments. He has now challenged the world to put adaptation for resilience at the heart of all we do, and the Egyptians will continue that work.
I welcome the Minister to her new role. As we all know, Shell is making windfall profits—more than double those last year. Despite that, it is not paying a penny of the UK’s windfall tax, because of a get-out clause that obscenely incentivises new oil and gas extraction in the UK. Given that we know that drilling for more fossil fuels is incompatible with the target of 1.5°C to avert climate catastrophe, will the Government now remove that loophole?
All matters of tax are for His Majesty’s Treasury, but it is clear that all our formerly fossil fuel companies are indeed energy companies, and they are investing incredibly heavily across the piece in renewables as well. We will continue to work with them to ensure that they invest their profits wisely.
After the COP presidency is handed over to Egypt, we will ensure that we continue to work with all our international partners to find solutions that move to renewables and clean energy.
If I may, I will write to the hon. Lady with more detailed information, but the work that Lord Goldsmith in the other place has been doing as part of the COP26 team over the last two years, as was set out, has driven work on deforestation and commodities. We continue to do that. I will ensure that she gets a fuller answer.