Oral Answers to Questions

Felicity Buchan Excerpts

Wednesday 20th April 2022 Commons Chamber

[Alok Sharma]

My hon. Friend raises an important point. We need to make sure that we honour the $100 billion pledge, but, as I said earlier, we are also working with countries to ensure that they have funding for clean energy transition, and I am off to the World Bank meetings shortly to take that work forward.

[Felicity Buchan (Kensington) (Con)]

T8. Does my right hon. Friend agree that, in order to achieve net zero by 2050, we need to transition from North sea oil and gas, but very importantly, this is a transition and not an extinction, as many parties opposite are calling for?

[Greg Hands]

My hon. Friend is absolutely right. It is vital that we have a North sea transition; that is the purpose of the Government’s North sea transition deal and that is what we are delivering on with the sector. Some Opposition parties want to see an extinction. That would not be in the nation’s interest and would only lead to a rise in imported hydrocarbons, which is also not in our interests at this time.