Russian Oil Import Ban

Baroness Laing of Elderslie Excerpts

Wednesday 9th March 2022 Commons Chamber

[Kwasi Kwarteng]

We are absolutely engaged with that. As someone who is very interested in the 1970s, my hon. Friend will remember that the oil price quadrupled in three months. We are facing a difficult time. The Department is fully aware of the urgency of the problem, but he will appreciate that a lot of the investment that we needed to make simply was not made. We did not make enough commitment to nuclear—that was a historical mistake of previous Governments—but we are focusing on dealing with the problem in the here and now, and that is why my right hon. Friend the Prime Minister and I are coming up with a plan in the next few days to track—[Interruption.] I find it extraordinary that the right hon. Member for Doncaster North (Edward Miliband), who was responsible for energy policy in the last Labour Government, is smirking from a sedentary position, when he comprehensively failed the nuclear sector, completely failed on energy supply and completely failed on energy resilience. We are still trying to clean up his mess. I say to my hon. Friend that we are working on these plans.

[Madam Deputy Speaker (Dame Eleanor Laing)]

We will have no more interventions from a so-called sedentary position.

[Darren Jones (Bristol North West) (Lab)]

I thank the Secretary of State for advance sight of his statement. He will know that many local authorities, NHS trusts and other public bodies are locked into gas supply contracts with Gazprom. To get out of them, the Government need to bring forward legislation to amend the public procurement rules. Will he do so?

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[Caroline Lucas]

“No new licences” is what I said.

[Madam Deputy Speaker (Dame Eleanor Laing)]

Order. I think I said quite clearly no more shouting from people who are sitting down.

[Alun Cairns (Vale of Glamorgan) (Con)]

I commend my right hon. Friend’s statement and pay tribute to him and his predecessors for the diversification they have made to the supply, security and sources of the energy mix over recent years, despite the lack of investment in nuclear during the 2000s leading up to 2010. Does he agree that oil will remain a key source of energy for some time to come as we are transitioning? What consideration has he therefore given to bringing about influence on OPEC nations to produce more oil so that the global supply can be better managed?

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[Kwasi Kwarteng]

I recognise the hon. Lady’s commitment to tidal stream, and she will be good enough to notice that this is the first time that any British Government have committed to supporting any marine energy renewable project. There is always the clamour for more. We should do more, and we could do things more quickly, and I am happy to work with her and other Members across the House to see how best we can do that.

[Madam Deputy Speaker (Dame Eleanor Laing)]

I thank the Secretary of State for his thorough answers to a great many questions on this important subject.