Finance Bill

Debate between Harriet Cross and Yuan Yang

Committee of the whole House
Tuesday 10th December 2024 Commons Chamber

[Harriet Cross]

I thank the hon. Member for giving way. She says it is clear who is on the side of working people versus the companies. My constituents are the people working in the oil and gas sector. They are the ones most at risk of losing their jobs if the changes brought in through the EPL go wrong. I am on the side of working people, and I am on the side of my constituents. No matter what MPs across the House say, I will always fight for my working people in Gordon and Buchan who just happen to be working people in the oil and gas sector.

[Yuan Yang]

I thank the hon. Lady for her intervention, and, at this point, refer to my entry in the Register of Members’ Financial Interests and my support from the unionised voices of those who work in the sector to which she referred. I commend the Government’s green prosperity plan to initiate a skills transition, and provide funding for it, so that those workers can profit from the industries of the future rather than the industries of the present and the past.

As the Minister said, the energy profits levy will raise £2.3 billion over the current Parliament, which will go towards the funding of, for instance, Great British Energy. GB Energy, whose headquarters are in Aberdeen, will bring innovation in green technologies not only to Scotland but to the whole of the UK. I will forgive, for a moment, the hon. Member for Angus and Perthshire Glens (Dave Doogan) for perhaps not recognising my hon. Friend the Member for Hamilton and Clyde Valley (Imogen Walker)—I know that an awful lot of new Scottish Members were elected in the last general election, and it must be difficult to learn all their faces. I ask the hon. Member to reflect on the possible reasons for the election of a record number of Scottish Labour Members while he sets about learning their names and faces.

The Government’s auction of 130 wind, solar and tidal energy projects in the latest round of the contracts for difference scheme points the way to the future. It points the way to the generation of 95% of the UK’s energy through green and decarbonised energy by 2030; to a transition that everyone in this Committee, and certainly everyone on the Government Benches, is looking forward to seeing in the next 10 years; and to the delivery of the local power plan, which will support local energy projects in communities such as mine. I welcome the funding of local projects such as Reading Hydro, which takes hydroelectric energy from the Thames, and the work of Reading Community Energy Society, which generates solar energy on the rooftops of the University of Reading and rooftops across my constituency. I look forward to all those projects and to the projects of the future, which is why I commend the measures that we are discussing today.