(2 years, 6 months ago)
Commons ChamberI apologise, Madam Deputy Speaker. I mean “the people the Government are supposed to serve”.
What is clear, and what I do not think has been mentioned by anyone today—although it has been mentioned many times outside this place—is that poverty is a deliberate political choice. Scotland is replete with energy, far more than we could ever possibly need, but our people see no benefit from that. Contracts for difference, along with asymmetric and uncompetitive transmission costs, impede any inward investment in Scotland. We should be in the vanguard of the renewables sector manufacturing industry, but unfortunately there is precious little manufacturing happening in Scotland.
It is not just Westminster that is at fault. This brings me back to the point made by the Minister a moment ago. The Scottish Government shamefully sold off ScotWind licences for relative pennies—£700 million. They set a ceiling on the bids. Bids for a much smaller licence in the United States realised $4.37 billion.
I am sure the hon. Gentleman would not want to inadvertently mislead the House, but the £700 million to which he refers is for options to develop. It completely ignores any future revenue streams, or indeed any royalties that might come. I am sure he would wish to correct the record.