(3 years, 10 months ago)
Lords ChamberMy Lords, I assure the noble Lord that we will continue to engage with the US and with the P5 process. As he will be aware, we led on that last year. We will work very constructively with the French, who lead on the P5 this year.
My Lords, for the purposes of investment, this treaty puts nuclear weapons clearly in the category of controversial weapons. Does the Minister agree that investment in such weapons by responsible and ethical pension funds and other investors will quickly become completely unacceptable?
My Lords, the nuclear industry and its wider energy benefits are also part of the debate. We remain very committed to a minimum but credible independent nuclear deterrent.