Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the adequacy of the financial history of Macquarie Asset Management; and what weight is given to past financial performance in the assessment process for major energy infrastructure applications.

The Government does not comment on individual applications. Any applicant seeking development consent for an energy-related nationally significant infrastructure project must submit a Funding Statement as part of the application process. The Funding Statement is reviewed by the Planning Inspectorate and the Secretary of State for adequacy of funding to cover the applicant’s liabilities for the project. Past financial performance does not hold any weight when the Secretary of State considers the overall planning balance.