Fossil Fuels: Business

Lord Bourne of Aberystwyth Excerpts

Thursday 19th November 2020 Lords Chamber

[Lord Callanan (Con)]

I referred to the North Sea strategy deal in my previous answer. The noble Lord will have to be patient until it comes out, but we are publishing a number of these strategy documents over the next 11 months before the COP in Glasgow next year.

[Lord Bourne of Aberystwyth (Con) [V]]

My Lords, I very much welcome the Government’s 10-point green industrial revolution. What are we doing to lever private finance and what are the timescales for carbon capture and storage projects, specifically regarding Port Talbot, Teesside and Grangemouth?

[Lord Callanan (Con)]

My noble friend makes an extremely good point: we want to be a world leader in carbon capture usage and storage technologies. He will have noted the announcement of an extra £200 million to add to the £800 million already committed in the plan, for a total of £1 billion in this world-leading technology.