Oral Answers to Questions Debate

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Department: Cabinet Office

Oral Answers to Questions

Philip Dunne Excerpts
Wednesday 20th April 2022

(2 years, 8 months ago)

Commons Chamber
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Lord Sharma Portrait Alok Sharma
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Since March 2021 and through the 2021 Budget and spending review, the Government have committed a total of £30 billion of domestic investment for the green industrial revolution. Not only that, but we are ensuring that many tens of billions of pounds of private investment flows into green transition.

Philip Dunne Portrait Philip Dunne (Ludlow) (Con)
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Is extraction of fossil fuels from new oil and gas fields consistent with meeting our climate change commitments during the transition?

Lord Sharma Portrait Alok Sharma
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As I have said, we want to see a managed transition. That is not going to happen overnight. My right hon. Friend will also know that we have set out in our domestic energy security strategy that future licensing rounds will have to be compatible with the climate compatibility checkpoint, which will be set out shortly.