Oil Prices: Rural Consumers Debate

Full Debate: Read Full Debate

Lord Kinnock

Main Page: Lord Kinnock (Labour - Life peer)

Oil Prices: Rural Consumers

Lord Kinnock Excerpts
Thursday 29th January 2015

(9 years, 3 months ago)

Lords Chamber
Read Full debate Read Hansard Text
Baroness Verma Portrait Baroness Verma
- Hansard - - - Excerpts

Yes, and that is why this Government have undertaken a massive infrastructure programme to ensure that, where we can, and where companies are trying to ensure that all consumers benefit from on-grid electricity and gas, we can reach them. However, these are commercial decisions for companies and they need to be able to operate commercially to their own advantage, just as the Government have to create the environment in which those companies can operate. This Government have very much taken on board that 20% of our energy source is coming off by 2020 and we have done an awful lot to meet the gap that the previous Government failed to fill.

Lord Kinnock Portrait Lord Kinnock (Lab)
- Hansard - -

My Lords, on a related question, in view of the fall in oil prices that is taking place, is it not clear that since the revenues from North Sea oil are anticipated to be half of what was assumed as recently as last year, the economic policies of the Scottish National Party are completely devoid of any credibility whatsoever?