Gulf of Mexico Oil Spill

Michael Meacher Excerpts

Monday 14th June 2010 Commons Chamber

[Chris Huhne]

I thank the hon. Gentleman for his question. When I was studying politics, philosophy and economics at Oxford somewhat before the hon. Gentleman, I was told that socialism involved the language of priorities. On the basis of the public expenditure commitments undertaken by the Government in the past six months, including in respect of Sheffield Forgemasters, I do not recognise a Government who were making choices about hard-earned taxpayers’ cash. As we have just heard from the Chancellor of the Exchequer, the Treasury had pencilled in £44 billion worth of cuts without finding a single one. It is inevitable that, having inherited the legacy that we have and the scale of the Budget deficit, this Government have to review our priorities and identify crucial projects to go ahead with and those that are less important. That is a process that we continue to undertake.

[Mr Michael Meacher (Oldham West and Royton) (Lab)]

Given that we are at or very near peak oil annual capacity, that conventional oil will increasingly be available only from very deep sites that are extremely risky such as the gulf of Mexico, and that unconventional oil such as Canadian tar sands involves unacceptable economic and climate change costs, what plans does the Secretary of State have to move the process forward, as I am sure he wants to do, to diminish oil consumption drastically before there is another horrendous catastrophe or the price of oil spikes uncontrollably?

[Chris Huhne]

I thank the right hon. Gentleman, who has a long and honourable record of interest in these issues. We share many instincts in our approach to them. We will present a series of proposals over the next year, which will attempt to accelerate the process of moving to a low-carbon economy. For my Department, the centrepiece of the Queen’s Speech is the energy saving Bill, which will attempt to put forward a comprehensive solution for retro-fitting in our existing housing stock. As the right hon. Gentleman knows, saving energy is by far the most low-cost means of closing the gap as regards our energy use and energy production. We also intend to accelerate the production of low-carbon sources of energy, including renewables, on which we will introduce measures. This is a time of transition, and nothing can be done overnight. We are talking about enormous investments that cannot suddenly be switched off; others cannot be suddenly switched on. We need a clear route map to a low-carbon economy which reduces our carbon emissions by the amount called for by the Climate Change Act 2008—80%—and we intend to make sure that we have a credible route for getting there.