Steel Sector Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Lord Razzall
Main Page: Lord Razzall (Liberal Democrat - Life peer)Department Debates - View all Lord Razzall's debates with the Department for Business, Energy and Industrial Strategy
Steel Sector
Lord Razzall Excerpts(3 years, 4 months ago)
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Lord Callanan (Con)
I know that the noble Baroness feels passionately about these matters, and we share her enthusiasm for decarbonising the industrial sectors as quickly as possible. She will know that decarbonising UK industry is a core part of the Government’s plan for a green industrial revolution, which I am sure she will support. The industrial decarbonisation strategy commits the Government to work with the steel council on the implications of the Climate Change Committee’s recommendation for UK-based steel makers to be carbon neutral by 2035.
Lord Razzall (LD)
My Lords, the Minister will obviously be aware of the significant role of GFG in our steel industry. Have the Government permanently ruled out the provision of finance to GFG and its plants? If this is only temporary, are the Government investigating GFG and, if so, which departments are doing so and is the Minister confident that a conclusion will be reached shortly?
Lord Callanan (Con)
Ultimately, it is of course for the company to manage its commercial decisions for the future and to find a successful buyer, but we hope this company succeeds with its plans to refinance. With regard to investigations, the noble Lord will know that I cannot comment.