Energy Infrastructure: Chinese Companies
Debate between Kerry McCarthy and Andrew Snowden(1 week, 3 days ago)
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Kerry McCarthy
That is exactly our approach, and it is the right approach. Perhaps the Opposition Front Benchers would advocate not co-operating with China, but it is an incredibly important player on the world stage, and we gain nothing from completely turning our back on it and not engaging in dialogue.
Mr Andrew Snowden (Fylde) (Con)
Following its illegal invasion of Ukraine, we saw how Russia responded in the global tarrifs sanctions market: it tried to use its dominance in the nuclear fuel market to put pressure on Ukraine’s allies. We see the vulnerability in our energy supply chain when our enemies, and allies of those enemies, want to use it against us. Former head of MI6 Sir Richard Dearlove says that the Government’s target of decarbonising the grid hands power to Beijing. We have enough oil and gas in the UK not to have to rely on dictator states, so why do we not just get drilling and get our own oil and gas out of the ground? I suspect that, in their mad dash to decarbonise the grid, the Government will not do that, but have they undertaken a risk assessment of the strategic vulnerability of our national security in our increasing reliance on Chinese rare earth minerals and battery production?
Kerry McCarthy
I think I have made it clear that there are ongoing conversations about that, and that we take national security incredibly seriously when we consider investment decisions. On what the hon. Member said about producing more oil and gas here for our own use, I think he needs a lesson in how the energy markets work—there is no guarantee that it would be used here.