Oral Answers to Questions

Debate between Katie White and Sarah Coombes

Tuesday 2nd June 2026 Commons Chamber

[Sarah Coombes (West Bromwich) (Lab)]

5. What steps he is taking to ensure the effective implementation of his Department's climate-related transition plan.

[The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Katie White)]

I thank my hon. Friend for her leadership in West Bromwich, in this place, and internationally. This Government have consulted on our manifesto commitment to introduce transition plan requirements for UK regulated financial institutions and large companies, and my Department will publish our response to that consultation shortly.

[Sarah Coombes]

Britain has been overly reliant on oil and gas for decades, and fossil fuel companies have profited hugely from that. I was glad to see the CBI report today, which said that the net-zero economy is now worth more than £100 billion to the UK. Given that electrification is essential to the UK’s energy future, what role will different types of energy company, who will eventually reap the profits of electricity use, have in investing in infrastructure for that transition?

[Katie White]

Electrification is key—that is something we can agree on across the House and outside. As my hon. Friend rightly says, since July 2024 we have secured £90 billion of investment in the UK within the clean energy sector, and it is fabulous to see the CBI report today that says that that sector is now supporting nearly 1 million jobs in the UK. Those are real jobs and lives across the country.