Oral Answers to Questions

Kirsten Oswald Excerpts

Tuesday 27th February 2024 Commons Chamber

[Claire Coutinho]

I thank the hon. Lady for that question, but I am surprised that she did not welcome the recent news that the UK was the first country in the G20 to halve its emissions since the 1990s, as I know that subject is dear to her heart. As I have said, in 2023, the UK saw around £60 billion of low-carbon private and public investment. We got that extraordinary success by encouraging private investment. Whether through the contracts for difference scheme, our new policies on capital allowances, or the effect of the green industries growth accelerator on the supply chain, the UK is doing everything it can to attract investment, and that is exactly why we have made those achievements.

[Kirsten Oswald (East Renfrewshire) (SNP)]

Last week, the Scottish Government announced £24.5 million of public investment in a new cable factory, which will attract a further £350 million of inward investment. Does the Secretary of State agree that the best way to increase private investment is for the Government to increase public investment, to signal that the UK is open to green investment? Should not the UK Government therefore invest at least £28 billion a year, so that we can maximise private investment, and so that economic growth from the green transition is also maximised?

[Claire Coutinho]

As I said, our record on net zero investment is incredibly strong. In fact, I believe the CBI had a report out this morning showing that our net zero sectors have been growing by 9% in the last year. We have set out plans for further investment, whether that is in grid connections, supply chain investment through our Gigafund, or reforming capital allowance. All those things, and not public sector investment alone, attract private investment to this country.

Offshore Petroleum Licensing Bill

Kirsten Oswald Excerpts

Committee of the whole House
Tuesday 20th February 2024 Commons Chamber

[Dave Doogan (Angus) (SNP)]

I rise to speak to amendments 7, 8 and 10, which have been tabled by the SNP. I note that no substantive changes have been made to the Bill’s provisions since we discussed it some weeks ago in this place; it is no more responsive to the needs of the climate, the energy sector in Scotland or bill payers who are haemorrhaging money on their energy bills. We know, from the appropriation of Scotland’s energy wealth by Thatcher in the 1980s, Cameron’s “Cut the green crap” at the beginning of this Conservative regime, and the weak-minded and politically naive rolling back of the green transition measures by the current Prime Minister, that time and time again, the Tories will never look after ordinary workers, Scotland or the environment.

[Kirsten Oswald (East Renfrewshire) (SNP)]

My hon. Friend is making an excellent start to his speech. Does he agree that it is outrageous that the Prime Minister has masqueraded this legislation as a way of reducing energy bills for consumers, given that even the Secretary of State could not defend those claims? Does he also agree that this Government’s only intention is to unlock as much tax revenue from the North sea oil and gas sector as possible and that no consideration has been given to reducing domestic energy bills, to energy security or to reaching our climate commitments?