Financial Services Bill Debate

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Department: Leader of the House
We very much welcome the inclusion of government Amendments 43, 47 and 49 in this Bill. While this was the right thing to do, I do not doubt that the Minister had to do some persuading with his Treasury colleagues and we thank him for that. These amendments represent another step in creating a cross-departmental approach to tackling climate change and, in due course, meeting our net-zero targets. I look forward to the Minister’s response to our amendments today and to hearing the specific reassurances we seek in order to move forward more fully with a credible package of actions to deliver our climate change obligations.
Baroness Henig Portrait The Deputy Speaker (Baroness Henig) (Lab)
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I understand we now have the noble Lord, Lord Holmes of Richmond, back to finish his speech, so I call him at this point.

Lord Holmes of Richmond Portrait Lord Holmes of Richmond (Con) [V]
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My Lords, I shall not detain the House for long at this stage. I fear I got cut off just as I was extolling the virtues of how new technologies could help in this endeavour. I support the amendments in the name of my noble friend the Minister and look forward to his explanation of them.

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Baroness Henig Portrait The Deputy Speaker (Baroness Henig) (Lab)
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My Lords, there being an equality of votes, in accordance with Standing Order 55, I declare the amendment disagreed to.

Amendment 3 disagreed.
Baroness Henig Portrait The Deputy Speaker (Baroness Henig) (Lab)
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We now come to the group beginning with Amendment 4. Anyone wishing to press this or anything else in this group to a Division must make that clear in debate.

Amendment 4

Moved by