"I completely agree with the hon. Gentleman. I will come on to talk about the drain of investment and other things from north-east Scotland because of the levy. It feels as if it is a particularly punitive tax on north-east Scotland, given that our region is the energy hub of …..." Harriet Cross - View Speech
"Energy companies of any kind, whether oil and gas or renewables, need certainty to plan to invest, whether it is onshore or offshore. The Government’s consultation on the North sea’s energy future closed on 30 April, almost six months ago, and the industry is still awaiting an outcome. The only …..." Harriet Cross - View Speech
"It is absolutely the case—my hon. Friend is completely correct. We are forgoing so many opportunities in the North sea to secure energy for our country and safeguard the skills and jobs that we will need for the transition. There are endless opportunities that, for some reason, we are willing …..." Harriet Cross - View Speech
"What lower revenues from the EPL mean is that oil and gas companies are not investing in the North sea, that production is falling in the North sea, and that, for example, revenues from income tax—which the Scottish Government might quite like—are falling as well. There is nothing welcome about …..." Harriet Cross - View Speech
"Exactly—I thank the hon. Member for that intervention. On that point, I will skip forward a little bit to my first question to the Minister, which is when the Treasury will publish its consultation outcome on the future fiscal regime for the North sea, and whether the Government will wait …..." Harriet Cross - View Speech
"I agree that we want to keep the workers that we have, and the skills and expertise that they have developed, in north-east Scotland because they are of huge value to north-east Scotland. They will not stay in north-east Scotland out of virtue but only if the jobs are there …..." Harriet Cross - View Speech
"I completely agree with the hon. Gentleman. At no point have I ever said that we should be persisting with oil and gas at the expense of renewables. We 100% need both, but both means both sides: we do not need to tax the oil and gas industry out of …..." Harriet Cross - View Speech
"The Chancellor also extended the levy until March 2030. Just to ensure that the industry was hit from all angles, she abolished the investment allowance, removing the very mechanism that keeps companies investing...." Harriet Cross - View Speech
"I secured this debate because what is happening in north-east Scotland simply cannot go on. Hundreds, if not thousands, of jobs are being lost on a regular basis across our region from the world-class energy sector that we are so proud of, not least because of the energy profits levy. …..." Harriet Cross - View Speech
"I am going to keep this quite basic, because I think this is where a lot of the public will come from. The Government should always want to do everything they can, and more, to keep the British public and our institutions safe, so I do not understand why they …..." Harriet Cross - View Speech