(5 years, 7 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
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The hon. Lady is right to raise the issue of pension fund investing. When we had our Green Great Britain Week last year, we said that one of the most effective things that an individual could do was to their move pension fund if they were able to, or to lobby the trustees of their pension fund, like the House of Commons pension fund’s trustees, to move away from fossil fuel or unsustainable investment. The opportunities are there, and I am really proud of the work that the Bank of England has done on the climate risk disclosure, but clearly we need to do more. If the hon. Lady has ideas, we would be extremely keen to discuss them, because we would be much better off if we all put our heads together.
My city of Oxford is the first in the country to create a citizens’ assembly focused on the climate crisis. The Minister said that she wanted a broad-based debate, but we all know what happens far too often: we have a politically expedient knee-jerk reaction to anything that goes against the status quo. So please will she come to Oxford, see what we are doing, and look genuinely at these cases so that we can have a much more broad-based discussion about the climate crisis and do something about it?
Of course, and part of the reason that I am so passionate about this is that I studied climate change, geography and meteorology at Oxford University many years ago. Many of the people associated with the university have been world leaders in understanding the science, and Oxford City Council has done some amazing things in this space. Again, we are really keen to learn. I do not accept that there are knee-jerk political reactions. The clean growth strategy sets out what we will do over the next 25 years to meet our budgets, but if we have good ideas, let us stop hoarding them; let us share them.