Oral Answers to Questions Debate
Full Debate: Read Full DebateEsther McVey
Main Page: Esther McVey (Conservative - Tatton)Department Debates - View all Esther McVey's debates with the Department for Energy Security & Net Zero
(1 day, 9 hours ago)
Commons ChamberThe North sea will continue to play an important role in our energy mix for decades to come, which is why we said in our manifesto that we will keep existing oil and gas fields open for their lifetime, including, as we announced last autumn, the use of so-called tiebacks. My hon. Friend is absolutely right in the wider point he makes. That is why we have the largest nuclear building programme in half a century, it is why we have had two record-breaking renewables auctions, and it is why we recently announced that we will bring forward our next renewables auction to July, because we need to get away from our dependence on fossil fuel markets as soon as possible.
Given the recent jump in the price of oil, would it not be good for the UK economy, jobs and the Government’s tax receipts to maximise drilling for North sea oil, as Norway does, rather than phasing it out and closing those sites down because of this Government’s, and in particular the Secretary of State’s, left-wing dogma?
I disagree with the right hon. Lady on that one. As I said in answer to my hon. Friend the Member for Edinburgh East and Musselburgh (Chris Murray), we are going to use existing North sea oil and gas fields for their lifetime. I think the right hon. Lady is referring to the question of exploration licences. What everybody says is that exploration licences make no material difference to production levels. On the tax question, I hope she will carry on supporting the windfall tax and will tell her Front Benchers that this would be the wrong time to abolish it.