Oil: Changes in Global Markets

Lord Naseby Excerpts
Thursday 21st May 2020

(3 years, 11 months ago)

Lords Chamber
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Lord Naseby Portrait Lord Naseby (Con)
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How will we help the Arab world to adjust, particularly our friends in Saudi Arabia and Qatar? Alongside that, as far as the UK is concerned, does Covid-19, on top of these changes, mean that domestically we will have to reappraise the rate at which we can implement climate change policies?

Lord Callanan Portrait Lord Callanan
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Our 2050 targets are now legally binding. We are committed to them and do not believe that there is any need to review them. We believe that we can continue with those targets and prioritise economic recovery at the same time; we do not believe that they are mutually exclusive.