Lindsay Hoyle
Main Page: Lindsay Hoyle (Speaker - Chorley)
Several hon. Members rose—
Mr Deputy Speaker (Mr Lindsay Hoyle)
Order. I am going to have to drop the time limit to seven minutes, but hopefully I will not have to drop it again.
Matt Warman
Indeed. Bearing in mind the scars on the landscape, I would advise you to take a different route on holiday to Skegness, Mr Deputy Speaker.
Matt Warman
I trust you refer only to the route, rather than the destination, which I know is a fixture.
My hon. Friend the Member for Louth and Horncastle (Victoria Atkins) makes a fair point: these developments emphasise why it is only right we give local communities a greater say over onshore wind farms.
On a subject even more serious than your holiday, Mr Deputy Speaker, I wish to make one major point about the Bill. The establishment of a regulator providing genuine certainty over the coming years will be the single greatest thing the Government can do to try, I hope, to put the oil and gas industry on a more sustainable footing. We know that, in the past 10 days alone, the oil crisis has been one of the many issues that have wiped £113 billion off the FTSE market. We know that the number of people employed in the oil and gas industry has fallen from 440,000 to 375,000. We know that, in the last financial year, the Treasury has received the lowest level of taxation from oil and gas in 20 years. More than ever, we now know that a stable regulator will provide the stable footing that the industry desperately needs.
The right hon. Member for Doncaster North (Edward Miliband) said that
“certainty is the friend of business”,
and the shadow Secretary of State said that we need to provide a stable environment if we are to encourage growth in an industry that employs many people now, and will, I hope, employ many more in future. As has been said, there is therefore cross-party support for much of the Bill. I hope that that will continue, and that some of the uncertainties introduced to the regulator’s role by amendments in the other place will be removed so that the regulator has a set of clear and very stable objectives to allow it to improve the position of an industry that this country needs to be stable. As hon. Members have said, as we rely more and more on interconnectors, we must make sure, when Europe does not have the energy reserves that we are lucky to enjoy in this country, that we are not in the unfortunate position of exporting some of that energy, rather than ensuring our own stable supply.
Apart from referring to your newly sorted holiday, Mr Deputy Speaker, I conclude simply by saying that I hope the Bill will provide the certainty that the oil industry needs to grow for the future, rather than continuing to suffer from the terrible situation that threatens it and which indicates that even the strictures in the Wood review may yet need further revision to safeguard the industry better for the future.
Glyn Davies (Montgomeryshire) (Con)
May I draw my hon. Friend’s attention to my constituency, which is one of the most beautiful in the country—perhaps those who do not wish to go to Skegness should go there? My constituency has the prospect for perhaps 500 turbines, and 40 miles of cable, and the scale of what is happening is outrageous—
Mr Deputy Speaker (Mr Lindsay Hoyle)
Mr Davies, you know you cannot make speeches. We want short interventions.
Luke Hall
It sounds like the second half of my holiday plans have been made, so I thank my hon. Friend.
The formal establishment of the Oil and Gas Authority as an independent regulator is a welcome step forward. I see it in the context of the Government’s target of combating climate change in a cost-effective manner. That approach can be taken alongside action in local communities. Volunteers in Thornberry run an effective community composting site, encouraging local composting, which takes wagons off the road and helps to reduce carbon emissions. Just today I have called on South Gloucestershire Council to continue to support that scheme.
The Government support renewable technology standing on its own two feet rather than encouraging it to rely on subsidies. I wholly endorse the further devolution of power to local communities. I will support the Bill this evening.