Company Transparency (Carbon in Supply Chains) Bill

Kwasi Kwarteng Excerpts

2nd reading & 2nd reading: House of Commons
Friday 16th October 2020 Commons Chamber

[The Minister for Business, Energy and Clean Growth (Kwasi Kwarteng)]

I thank my right hon. Friend the Member for Staffordshire Moorlands (Karen Bradley) for giving the House an opportunity to debate this extremely important issue. I am extremely happy to respond on behalf of the Government.

I wholeheartedly agree with my right hon. Friend on the importance of transparency in supply chains. I know the great work she did when she was an Under-Secretary in the Home Office, under the guidance of my right hon. Friend the Member for Maidenhead (Mrs May) who was, at the time, the Home Secretary. That work was signal legislation. It had a huge impact and I think it is having a huge impact. It was a remarkable piece of legislation and I commend them for that.

The importance of highlighting the transparency of carbon emissions in supply chains is also extremely important. My right hon. Friend the Member for Staffordshire Moorlands will know that I always had an open-door policy. She saw me a number of times before the lockdown—before the new normal, as she put it—and, as far as I was concerned, we had a very constructive discussion on this issue. I will just say to her that whatever happens in the next five minutes she should continue to engage with the Department and me on this extremely important issue. There may be a number of differences between her policies and ours, but I think there is a strong common strategic objective which we should pursue together. I am therefore very open to having more conversations with her.

More broadly, the House will recognise that the UK has long been a leader in the fight against climate change. We have managed to do that while achieving impressive rates of economic growth. Between 1990 and 2018, the UK managed to reduce carbon emissions by 43% while growing the economy by 75%. As that has happened, the UK has decarbonised its economy at the fastest rate of all G20 countries since 2000. Our carbon emissions today are at their lowest level since the 19th century. Once again, I pay tribute to my right hon. Friend the Member for Maidenhead. It was under her Administration that we passed the net zero carbon legislation last year which essentially made us world leaders, as my right hon. Friend the Member for Staffordshire Moorlands suggested.

[James Cartlidge]

I pay tribute to the work the Government are doing. Does the Minister not agree that the key is the development of offshore wind, particularly, of course, in East Anglia? Does he agree that a key issue is the ability to grow that sustainably by having a more joined-up infrastructure in wind farms?

[Kwasi Kwarteng]

After a number of years in the House, my hon. Friend shows himself very adept at crowbarring somewhat irrelevant issues, which are extremely pertinent to his constituency, into this narrow debate.

[Karen Bradley]

I join my hon. Friend in supporting offshore wind and perhaps less emphasis on onshore wind in places such as Staffordshire Moorlands.

[Kwasi Kwarteng]

Mr Deputy Speaker, you will know, with your experience, that some of these remarks are not necessarily in scope. [Laughter.] So I will continue by addressing the actual issue.

My right hon. Friend the Member for Staffordshire Moorlands mentioned COP26 in Glasgow next year, where we will be taking centre stage and a leadership position not only in driving our climate ambitions but in encouraging others on a global platform, our friends and allies across the world, to take up the fight against climate change and, we hope, pursue highly ambitious nationally determined contributions. During these difficult times, our commitment to COP26 and urgent climate action has not wavered. Businesses and people are at the heart of our strategy for tackling climate change. We know we can only get there with a strong green recovery.

On corporate transparency, my right hon. Friend’s aims are absolutely central to the strategy we should pursue. There are minor differences of detail. She will know that we introduced legislation last year and that we were one of the first countries to endorse recommendations of the Task Force on Climate-Related Financial Disclosures. We feel as a Government that some of this action should be more embedded before we go down the route that my right hon. Friend has suggested.

[Karen Bradley]

I would just say to the Minister that sometimes we have to lead, and this is an opportunity to lead and to be the first to do something really important.

[Kwasi Kwarteng]

Dare I say, we are leading—maybe not exactly along the lines that my right hon. Friend has prescribed, but we are taking leadership? As I have said to you, Mr Deputy Speaker—