Energy Policy

Charles Hendry Excerpts

Thursday 29th November 2012 Commons Chamber

[Mr Davey]

Right hon. and hon. Members will know there has been a competition to secure the support that the Government offer for carbon capture and storage. We had eight applications, and we had some rigorous criteria which differed from those of the European Union—ours were more suitable for this country and our energy needs—and which were applied rigorously, robustly and fairly. We have now moved on to the second round. Of course, there will always be some losers—not all eight applicants can win—but we are applying the criteria fairly and robustly.

[Charles Hendry (Wealden) (Con)]

I congratulate my right hon. Friend on both his statement and the Bill, and I urge him to do all he can to take energy policy out of politics, because investors need to know that there is cross-party support and support across Government for the measures he is introducing for the longer term. In that respect, given the absence of a decarbonisation target in the Bill, how does he intend to reassure investors who need to make investment decisions during this Parliament that there will be a long-term market for the products we want them to build here?

[Mr Davey]

I start by paying tribute to my hon. Friend: I believe Members of all parties know what a critical role he played in shaping the Energy Bill that is published today. Along with my right hon. Friend the Member for Eastleigh (Chris Huhne), he worked across the parties to bring these proposals forward, and he deserves a huge amount of credit today. I am determined, having made this agreement in the coalition, that we send out a signal—not just to the UK or Europe, but to the whole world—that the UK is open for energy investment. We have built a consensus in the UK Government, and in view of the remarks of the right hon. Member for Don Valley (Caroline Flint), I believe we may well secure cross-party consensus, which would be valuable to this country and its people. My hon. Friend asked how we will continue the consensus. Let us see how we make progress during proceedings on the Bill, in Committee and so forth. I know that my hon. Friend will play his role in making that happen.