COP27

Jeremy Corbyn Excerpts

Wednesday 9th November 2022 Commons Chamber

[The Prime Minister]

My right hon. Friend is absolutely right. That is not the right approach, and it is worrying to hear Members of the Labour party suggesting that it is. What we are doing is fulfilling our obligations to help those emerging markets transition to a cleaner future, and we are doing that in a way that supports them, but also supports British companies that are able to provide those investments and create jobs at home as well.

[Jeremy Corbyn (Islington North) (Ind)]

I am grateful for my continued rent-free tenancy in the Prime Minister’s head, but if in future he could just let me know when he intends to speak about me, that would be helpful. That is the norm in the House.

Could I ask the Prime Minister if he would take this opportunity to welcome the election of President Lula in Brazil, and his commitment to both social justice and environmental justice, and to confirm what the previous Prime Minister told this House, which is that no British bank, financial institution or company will henceforth be allowed to invest in fossil fuel extraction anywhere in the world as part of our contribution to bringing about net zero globally?

[The Prime Minister]

I thank the right hon. Gentleman for his question. If he could ask the Leader of the Opposition to give me advance sight of his questions, I would be happy to let him know if I need to bring him up on questions of security.

I agree with the right hon. Gentleman on the importance of ending international finance for coal-fired power plants. It was a landmark agreement that the COP President and the UK presidency achieved at COP. Ninety other countries have signed up to it, at a minimum, and I am keen to make sure that we deliver on those commitments and we push them through the international financial system.