Lord Lennie
Main Page: Lord Lennie (Labour - Life peer)Department Debates - View all Lord Lennie's debates with the HM Treasury
(9 months, 2 weeks ago)
Lords ChamberMy Lords, I am not the first, and I certainly will not be the last, to say that this Government’s plan for this Session of Parliament is lacklustre. As my noble friend Lord Whitty said, the wide range of contributions that have been made by speakers throughout this debate proves the point of the insignificance of what is in this speech.
The Government have admitted what we have been saying from these Benches for years—that the country needs change. It is baffling that in this King’s Speech they have offered nothing but more of the same. It is the people of Britain who have been failed by this Government—a Government who have given up on governing, with a legacy of stagnant growth, skyrocketing mortgages, crumbling schools and hospitals and a cost of living crisis. This is the case everywhere you look: every family and business has been failed by the Government’s failed energy policy. On their watch, Britain was the worst-hit country in western Europe. It was this Government who were unprepared and slow to react.
While the consequences of that crisis are still being strongly felt, what is the Government’s response? It is in the King’s Speech—their new flagship policy, the Offshore Petroleum Licensing Bill. Astonishingly, the Energy and Net Zero Secretary has admitted that it will not take a penny piece off energy bills. It is a gimmick and a stunt, and one more thing that the Government have given up on. Do they accept the current levels of people’s energy bills? Insulating the 19 million cold and draughty homes in Britain could cut Bills by £2 billion, so why is that not in the King’s Speech? When the importance of energy independence could not be clearer, this Government’s solution is to double down on fossil fuels.
The National Infrastructure Commission recently found that moving away from fossil fuels would enhance energy security by reducing exposure to the impact of geopolitical shocks on prices. Do the Government disagree, or do they just not care? Why are they happy to reduce our energy security in this way? While producing our own energy may bring down energy imports, it is not necessary to do it in this way. Indeed, our oil and gas production has higher than average emissions compared with other producers and is twice as polluting as that of Norway, where most of our imports come from. That is where the Government’s focus should be: to increase energy security, increase energy independence and lower bills while meeting our climate commitments.
It was this Government’s own former net zero tsar, Chris Skidmore MP, who said:
“There is no such thing as a new net zero oilfield”.
Yet oilfields are the Government’s number one priority.