Oral Answers to Questions

Douglas Chapman Excerpts

Tuesday 11th September 2018 Commons Chamber

[John Glen]

Absolutely. Only two hours ago, the Department for Work and Pensions published its consultation response on pension trustees’ duties, which clearly sets out the Government’s intention to raise the profile of financially material climate change factors in investment decisions.

[Douglas Chapman (Dunfermline and West Fife) (SNP)]

19. The Minister will be more than aware of the Ernst and Young report earlier this year indicating that Scottish GDP, including Scotland’s geographical share of renewable energy, oil and gas, grew at 3.4% as opposed to the UK’s 3.1%, despite lots of inaction from the current Government. Will the Government provide Holyrood with the powers over energy revenues to ensure that Scotland can continue with this lead in economic growth and make sure that the green energies of the future are invested in properly?

[John Glen]

Absolutely. Green energy is very important to the UK economy as a whole; it is just very unfortunate that the rate of growth in the Scottish economy is half as strong as in the rest of the United Kingdom.