North Sea Energy
Steve Yemm Excerpts(3 days, 22 hours ago)
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Sarah Jones
As I hope I made clear, we are not revoking existing licences and we will manage the existing fields for the entirety of their lifespan. As I also made clear, this is a declining basin and we need to manage the transition. The hon. Lady is absolutely right to point to the challenges, and I have great respect for her family history and for all those who work in oil and gas. She is right that we will need oil and gas for decades to come. We are trying to have a sensible plan to manage that process and I hope she will take part in the consultation, too.
Steve Yemm (Mansfield) (Lab)
The Minister has already alluded to last week�s CBI report, which set out some of the huge opportunities that net zero offers for job creation, investment and growth. Will she outline to the House what steps her Department is taking to ensure we benefit from all that opportunity through Great British Energy and the National Wealth Fund?