Lord Davies of Oldham
Main Page: Lord Davies of Oldham (Labour - Life peer)Department Debates - View all Lord Davies of Oldham's debates with the Department for Transport
(12 years, 7 months ago)
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Earl Attlee
My Lords, my noble friend is absolutely right. RTFCs were traded at a nil value but that was because of an error in the drafting of the original RTFO by the previous Government. That problem has been rectified and will not recur.
Lord Davies of Oldham
My Lords, the Minister is reading his brief excellently today to the great advantage of the House. I appreciate the fact that this Question probably should be directed rather more at Her Majesty’s Treasury than the Department for Transport. But the noble Earl failed to answer the crucial point made by the noble Lord, Lord Palmer. What is the Government’s response to the clear signal that many companies which are benefiting from this position at present and are pursuing the policies, which we would all endorse with regard to this sustainable fuel, are indicating that they will drop out from this position and return to fossil fuels unless the Government take a different view?
Earl Attlee
My Lords, I answer for Her Majesty's Government and not for any particular department. This policy is following the perfectly sensible trajectory set by the previous Government.