Abtisam Mohamed
Main Page: Abtisam Mohamed (Labour - Sheffield Central)Department Debates - View all Abtisam Mohamed's debates with the Department for Energy Security & Net Zero
(1 day, 3 hours ago)
Commons ChamberI could not disagree more with the hon. Lady. Honestly, this is a really important point: either we engage in international action on the global stage or we do not. We are 1% of global emissions, and unless we engage with the countries that produce the other 99% of global emissions, we will never keep our country safe. Do not look into the crystal ball; look at the record. Thirty years of COPs have reduced global warming forecasts from 4°—indeed 5°—to something like 2.3° to 2.5°. It is about multilateralism and working with others; that is so important. This is about our view of Britain. Are we a small, shrivelled country that cannot have any sway, or are we a country that can engage and stand tall on the global stage? That is what I believe.
Abtisam Mohamed (Sheffield Central) (Lab)
I thank the Secretary of State for his update and commend his continued leadership on this issue. I welcome the conference’s focus on strengthening multilateralism, including creating the Belém mechanism for a just global transition. But beyond the walls of the conference, here in the UK we need to be moving much faster away from oil and gas. The UK’s four biggest banks continue to finance polluters, and the drilling licence for Rosebank still has not been rejected. Does the Secretary of State agree that it should be the big polluters subsidising the taxpayer in our climate response and not the other way round?
I will be brief. My hon. Friend raises the issue of the banks. I encourage her to contribute to our consultation on transition plans for financial institutions and large companies, because that is an important part of making sure that the investments being made are aligned with net zero and the wider argument on tackling the climate crisis. She makes an important point.