Jackdaw Gasfield Debate
Full Debate: Read Full DebateAndrew Bowie
Main Page: Andrew Bowie (Conservative - West Aberdeenshire and Kincardine)Department Debates - View all Andrew Bowie's debates with the Department for Energy Security & Net Zero
(1 day, 22 hours ago)
Commons ChamberFinally, Mr Speaker—at last, after two and a half years, this Government have found it within themselves to do the right thing, after exhausting all the alternatives. We have arrived at this destination far later than we should have.
Jackdaw was first approved by us in 2022. When in government, we approved it in line with the law as we saw it at the time, and we were confident that we would win the appeal in the Court of Session and ensure that we could get British gas into British homes as soon as possible.
But then entered the former Secretary of State for Energy Security and Net Zero, the right hon. Member for Doncaster North (Ed Miliband), who, in one of his first acts as Secretary of State, pulled lawyers from the appeal, ensuring and guaranteeing that it would fail. There was absolutely no reason to do that. Approving Jackdaw is about security, jobs and our economy. At every moment up to today, this Government have chosen to prioritise their own self-interest—and winning a by-election in Holborn and St Pancras—over the interests of the British people.
Jackdaw alone will provide enough resources to heat 1.4 million British homes—homes that will no longer need to rely on expensive and high-carbon emitting liquefied natural gas imports. Today we have heard the Secretary of State and the Minister talking about the pragmatism of the national interest. More gallingly, we have heard them talking about supporting British workers.
If the Government are serious about a new, pragmatic approach and serious about British jobs and British businesses, that surely means the forthcoming energy independence Bill will not contain measures to ban any new licences in the North sea—a purely ideological but unfathomable decision. If they really believe that a new pragmatism is needed in the North sea, that presumably means that the Chancellor will be announcing next week that he will be removing the energy profits levy.
This decision is welcome, but it should not have taken this long. Labour’s dither and delay over the past few years—and, indeed, the past few months—has cost us dear, with jobs lost, more businesses relocating and deindustrialisation. There is a reason the leader of the GMB union described this Department as the Department for P45s.
We have had oil downturns before, when global prices fell and jobs were lost in the UK. When it happened under our watch, we stepped up: we maximised recovery, cut taxes and turned the North sea into the most investable basin in the world. Today, there is no global downturn—prices are soaring across the world, and the oil and gas industry is expanding. Only in Britain, we now have a made-by-Labour, made-by-Miliband downturn. We have the only Government in the world who say, “Jobs being lost? Let’s speed that up.” We are the only country not maximising recovery and the only country choosing, in the middle of an energy crisis, to ban licences and exploration. Yet today, the workers in our oil and gas industry are to be thankful that after two and a half years of uncertainty, this Government—kicking and screaming—have finally done the right thing. I have no doubt that there will be more kicking and screaming from some of their Back Benchers today. Perhaps the prospect of more tax revenue will appease them—specifically the over £4 billion of tax receipts. That is revenue that we know the Chancellor desperately needs.
Today is a good day—finally. In the spirit of the Secretary of State’s new-found pragmatism, let us see a serious and pragmatic change of direction. Will the Government now approve Rosebank, lift the ban on exploration and new licences, end the crippling energy profits levy, and get Britain drilling?
In the two and a half years that the hon. Gentleman says that he has had to think about this, he might have come up with something better than that performance. The Conservatives’ lack of contrition for a decision that was quashed by a court is absolutely shameful. I reiterate that the Court was very clear in its judgment that while the decision did not stand, the project could continue to be developed, so there has been no delay in its development; that is why extraction from the Jackdaw field can continue.
The hon. Gentleman talked about dither and delay. That brings me to the truth of this, which is that the Conservative party left Britain with an energy system that was less secure, more exposed to international shocks and slower to invest than it should have been. I watched the Conservative party conference in great detail, and I am delighted that the hon. Gentleman seems to be shifting his party’s position back to what it was before the previous shadow Secretary of State’s time, and is supporting more renewables. I really welcome that, and I look forward to working with him to make that a success, because we agree on that.
This decision is important for our energy security and jobs, but the long-term pathway for Britain is towards not fossil fuels, but building the clean power system that we need, electrifying the economy, and building the nuclear that the hon. Gentleman claims to care so much about, although he did not build any in his two years as Nuclear Minister, due to dither and delay. We fell behind as a country on the energy security that we needed. This decision is part of our response to energy crises. To have a secure long-term future, we must build up the industries that come next. That is important for Britain’s energy security, jobs, and opportunities in his constituency and right across the country. That is what this Government will get on and do.