Duncan Hames
Main Page: Duncan Hames (Liberal Democrat - Chippenham)The hon. Gentleman is quite right that it is absolutely essential that any private sector investment, which we aim to unlock, should have certainty and clarity. On the renewable heat incentive, the statement is clear about our commitment to renewable heat, which is absolutely essential if we are to meet our target. The hon. Gentleman has to appreciate that the country is facing an exceptionally severe fiscal crisis and that it is inevitable that we deal with these matters in the context of the spending review. However, people in the sector can take considerable comfort from my words today about renewable heat.
My right hon. Friend assures us that there will be no subsidy to the nuclear industry. Today, BP has announced that it expects to spend £20 billion on the clean-up following the Gulf of Mexico oil disaster. Will he raise the limit on the exposure of nuclear operators to catastrophes to an equally demanding level?
I am grateful to my hon. Friend for that question. One of the things that we are looking at in the context of making sure that there is no public subsidy for nuclear is the contingent liability regime and ensuring that there are no holes in it. In due course, we will be able to make a statement on that.