Energy Infrastructure: Chinese Companies

Brian Leishman Excerpts
Wednesday 12th February 2025

(1 week ago)

Commons Chamber
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Kerry McCarthy Portrait Kerry McCarthy
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As I have said, we are going through the robust processes to try to make absolutely sure that our national security is not compromised by investment from overseas, and we will continue to do that.

Brian Leishman Portrait Brian Leishman (Alloa and Grangemouth) (Lab)
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The Grangemouth refinery is a vital piece of Scottish infrastructure, and its economic contribution to the Scottish economy is worth more than £400 million every year. The Grangemouth refinery is also a joint venture between PetroChina, owned by the Chinese state, and INEOS, a multinational conglomerate. Together, they are Petroineos. The refinery is due to close, with thousands of jobs being lost, an unjust transition and Scotland having to rely on importing oil, all at a time of great global volatility. Why are this Government allowing a foreign Government and private capital dictate Scotland’s industrial capacity, its ability to produce oil and, overall, our national security?