Neale Hanvey
Main Page: Neale Hanvey (Alba Party - Kirkcaldy and Cowdenbeath)Department Debates - View all Neale Hanvey's debates with the Scotland Office
(1 year, 1 month ago)
Commons ChamberI welcome the hon. Gentleman to his new position. The UK Government are committed to protecting the most vulnerable in our society and we have taken decisive steps to do that, including UK-wide additional spending of £137.5 billion in benefits for pensioners, £67.9 billion in benefits to support disabled people and people with health conditions and £114.3 billion in working-age benefits and child welfare. We have also uprated benefits and pension credit in line with inflation and have raised the national living wage to help to protect the most vulnerable. We will continue to keep the situation under review, but this Government have continually demonstrated our commitment to the most vulnerable across Scotland.
Carbon capture, utilisation and storage will be essential to meeting the UK’s 2050 net zero target, playing a vital role in levelling up the economy, supporting the low-carbon economic transformation of our industrial regions and creating new high-value jobs across the United Kingdom. In Scotland, the Acorn cluster has been allocated more than £40 million in development funding by the Government and has been selected, subject to final due diligence, for track 2 CCUS cluster sequencing.
According to Office for Budget Responsibility and UK Government projections, the UK will see between £50 billion and £80 billion in revenue from North sea oil and gas over the next five years. While it is welcome that the Acorn project can now bid for funding, it is important to know that not a penny has been committed. Can the Minister tell me what discussions the Secretary of State has had with Government colleagues to secure at minimum a share of those revenues—say £1 billion over five years—to rapidly accelerate Scotland’s carbon capture industry? If not, does that mean he is content to see Scotland’s people stripped of their vast natural resources without a single penny of that £80 billion being invested in Scotland’s carbon capture ambitions?
I am not sure whether the hon. Gentleman actually listened to my first answer, but more than £40 million has been allocated by the United Kingdom Government to the development of this technology. The Government will commence engagement and assessment of delivery plans and due diligence on the Acorn and Viking transportation and storage systems and will engage with them directly in respect of the next steps to develop those. We will set out the process by which capture products in track 2 will be selected to meet the stated ambitions in due course.