Oral Answers to Questions

Dan Carden Excerpts

Wednesday 2nd November 2022 Commons Chamber

[Anne-Marie Trevelyan]

Loss and damage has been, and continues to be, a priority for the UK COP26 presidency. The Glasgow climate pact dealt explicitly with that issue, recognising the urgency of the challenge, and the Santiago Network will enable technical support for countries to understand climate impact, and to plan and carry out actions on account of that.

[Dan Carden (Liverpool, Walton) (Lab)]

T1. If he will make a statement on his departmental responsibilities.

[The Minister of State, Foreign, Commonwealth and Development Office (Anne-Marie Trevelyan)]

Let me take this opportunity to put on record my thanks, and I know that of the whole House, to my right hon. Friend the Member for Reading West (Alok Sharma) for his absolute and unwavering commitment as COP26 President on behalf of the United Kingdom. His team, led by Peter Hill, have worked tirelessly alongside him and deserve great praise. My right hon. Friend has brought the world together, not only raising ambition across the board for net zero strategies, nation by nation, but building trust and confidence that that can be achieved by driving the global change in the private sector’s view of money. In turning investment green, he has been able to drive the commitments of Governments and business to make decisions with net zero at their heart. If Paris set the mitigation goal, Glasgow—under his leadership—turned that into real commitments. He has now challenged the world to put adaptation for resilience at the heart of all we do, and the Egyptians will continue that work.

[Dan Carden]

I welcome the Minister to her new role. As we all know, Shell is making windfall profits—more than double those last year. Despite that, it is not paying a penny of the UK’s windfall tax, because of a get-out clause that obscenely incentivises new oil and gas extraction in the UK. Given that we know that drilling for more fossil fuels is incompatible with the target of 1.5°C to avert climate catastrophe, will the Government now remove that loophole?

[Anne-Marie Trevelyan]

All matters of tax are for His Majesty’s Treasury, but it is clear that all our formerly fossil fuel companies are indeed energy companies, and they are investing incredibly heavily across the piece in renewables as well. We will continue to work with them to ensure that they invest their profits wisely.