Oral Answers to Questions
Debate between Matt Hancock and Mike Weir(9 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text
Mr Mike Weir (Angus) (SNP)
8. How many licences for onshore oil and gas exploration in Scotland have been granted by his Department in the last five years.
The Minister for Business and Enterprise (Matthew Hancock)
In the past five years, the number of onshore licences for oil and gas exploration that have been granted in Scotland is zero.
Matthew Hancock
Absolutely. My first act in this job was to strengthen the planning guidance and rules on the extraction of onshore oil and gas in national parks, AONBs and other places. That is an important reassurance to those who live in the most beautiful parts of our country that planning considerations for onshore oil and gas will be extremely tight.
Mr Mike Weir (Angus) (SNP)
Many offshore wind developers have expressed concern that owing to the structure of the current contracts for difference allocation round, only one development will be given a CfD, imperilling many of the others. Can the Secretary of State give them any reassurance that there will be greater consideration of offshore wind in future CfD allocations?
Oral Answers to Questions
Debate between Matt Hancock and Mike Weir(9 years, 12 months ago)
Commons ChamberRead Full debate Read Hansard Text
Mr Mike Weir (Angus) (SNP)
Notwithstanding the changes that have been made in clauses 32 and 33 of the Infrastructure Bill, which is in the other place, will the Minister confirm that anyone wishing to explore or take part in fracking will still have to obtain planning permission from the relevant local authority and that the Government have no plans to change that?
Enterprise and Regulatory Reform Bill
Debate between Matt Hancock and Mike Weir(12 years ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Matthew Hancock
The Government have already made a clear commitment that the bank will be able to borrow from April 2015, subject to public sector net debt falling as a percentage of GDP, and the borrowing could take several forms, including from the capital markets. I reiterate that commitment today. Nothing in the Bill prevents that from taking place.
As the Bill stands, the bank is allowed to invest only in activities it considers likely to contribute to the achievement of one or more of the green purposes in the UK. Government amendments 1 and 3 would allow the bank to invest in activities it considers likely to contribute to one or more of the green purposes, whether in the UK or elsewhere. The point about global supply chains has already been made powerfully. The amendments will provide important flexibility in the bank’s future activities. We believe that, for the foreseeable future, the bank’s activities should continue to be in the UK, and the Government and the Secretary of State, as shareholders in the bank, will be able to ensure that that is the case.
Mr Mike Weir (Angus) (SNP)
As I understand it, under the Bill in its current form, the bank would not be able to invest in a project that crossed borders—for example, a cable from the Republic of Ireland to the UK or a North sea supergrid. Am I correct, or will the amendment allow investment in such projects?
Matthew Hancock
The amendment will allow the bank in future to invest in the UK or elsewhere, but we have amended the bank’s statement of objects in its articles of association so that the bank’s activities are limited to those the board considers will, or are reasonably likely to, contribute in the UK to one of the green purposes. I hope that that answers both questions and addresses the reasonable point made by the Opposition that UK public spending should have a UK focus. We think this is the way to deliver the best of both worlds. The bank’s directors will be required to act in accordance with the company’s constitution to ensure that the bank contributes to the United Kingdom, and there will be flexibility for the future without the need for future primary legislation.