Oral Answers to Questions

Mark Lazarowicz Excerpts

Wednesday 13th July 2011 Commons Chamber

[Mr Mitchell]

My hon. Friend is right that the conference was an extraordinary success—exceeding the pledge target of $3.7 billion by some $600 million. As a result, the world will be able to vaccinate a quarter of a billion children over the next five years. Britain will vaccinate a child every two seconds and save a child’s life every two minutes as a result of this initiative.

[Mark Lazarowicz (Edinburgh North and Leith) (Lab/Co-op)]

I am sure that all Members will join me in congratulating South Sudan on achieving independence at the weekend. The Government of South Sudan are now planning to review all their international oil contracts. Does the Minister agree that although our aid is important for desperately poor people in South Sudan, it is vital that global oil companies pay their fair share of their profits in tax in that country? Will he ensure that DFID uses its expertise to help South Sudan to get fair tax returns from the oil companies?

[Mr Mitchell]

The hon. Gentleman is right that that country has just been born and has $1.7 billion of revenues, and it is essential that the money is used transparently. Britain is a very strong leader on the extractive industries transparency initiative and my right hon. Friend the Chancellor of the Exchequer has made it clear that he expects the European Union to look at how it can develop its own version of the Dodd-Frank legislation that has been laid in the United States.