Russian Oil Import Ban

Margaret Ferrier Excerpts

Wednesday 9th March 2022 Commons Chamber

[Kwasi Kwarteng]

My hon. Friend is absolutely right. The issues of critical minerals and of security of supply could not be more important, and that is why I have commissioned a critical minerals strategy. On the help his constituents have offered and their full support, there are lots of ways in which we can contribute financially and materially. I helped organise such an effort in my constituency only last week, led by my excellent party chairman, Mike Brennan, but there are lots of ways we can help. On security of supply, that is absolutely, as the Prime Minister has said, our most important consideration right now.

[Margaret Ferrier (Rutherglen and Hamilton West) (Ind)]

Banning Russian oil will come at a cost every day for people across the UK, and it is a price I am sure they accept the necessity of due to this war by Putin on Ukraine. However, with an already growing cost of living crisis and soaring energy bills, what discussions has the Secretary of State had with the Chancellor about financially supporting green, clean and low-cost energy provision, so that it can be accessed faster and more broadly?

[Kwasi Kwarteng]

My right hon. Friend the Chancellor and I, and our Departments, speak all the time about these issues. The hon. Member will appreciate that there is a spring statement, but at the beginning of February my right hon. Friend announced an extensive £9 billion of projects. We will be looking across the year at how this market develops, but fiscal interventions, as she will appreciate, are a matter for my right hon. Friend.