Energy Profits Levy: North-east Scotland

Torcuil Crichton Excerpts

Tuesday 14th October 2025 Commons Chamber

[Harriet Cross]

The Chancellor also extended the levy until March 2030. Just to ensure that the industry was hit from all angles, she abolished the investment allowance, removing the very mechanism that keeps companies investing.

[Torcuil Crichton (Na h-Eileanan an Iar) (Lab)]

I pay tribute to the hon. Lady for securing the debate. I share her passion for her constituents and their work in the North sea, because my constituents, over three generations, have done the same work, and I want to see people working in the North sea for another three generations. Does she accept that some 77,000 jobs in the North sea went on the watch of the last Government, and that the move from fossil fuels to renewables is inevitable and must be managed by things like passporting people into jobs?

We must be honest about the fact that offshore jobs are dangerous. I pay tribute to the people who have gone out there for the past 50 years to earn our energy security. The danger that they put themselves in is simply not the same in the renewables sector. Does she accept that we must balance the move from gas and oil in the North sea to renewables in the wild Atlantic, probably, with a managed transition that looks after our communities? However, that does not make it an either/or question of having either carbon from oil and gas in the North sea or onshore and offshore renewables. We can and will do both, and this Government should be committed to both for another 40 years.

[Harriet Cross]

I completely agree with the hon. Gentleman. At no point have I ever said that we should be persisting with oil and gas at the expense of renewables. We 100% need both, but both means both sides: we do not need to tax the oil and gas industry out of existence in the North sea in order to scale up renewables, because that will do the exact opposite, as he knows. I appreciate his point that jobs have been lost in the past—I know that because I live in the north-east of Scotland—but what happened to oil and gas prices during that time? Were they at a peak or in a trough? They were in a trough but they are now not, yet we are still seeing jobs cut and production decreasing faster than it needs to because of decisions made by this Government.