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Speech in Public Bill Committees - Thu 18 Nov 2021
Nuclear Energy (Financing) Bill (Third sitting)

"I beg to move amendment 1, in clause 1, page 1, line 15, at end insert—

“(6) ‘Owned by a foreign power’ means owned by a company controlled by a foreign state and operating for investment purposes.”

This amendment is a definition of “foreign power” set out in amendment 2...."

Matthew Pennycook - View Speech

View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill (Third sitting)

Speech in Public Bill Committees - Thu 18 Nov 2021
Nuclear Energy (Financing) Bill (Third sitting)

"It is a pleasure to serve with you in the Chair, Ms Fovargue. The amendments you have grouped stand in my name and that of my hon. Friend the Member for Southampton, Test.

Taken together, the purpose of amendments 1 and 2 is to ensure that in enabling nuclear companies …..."

Matthew Pennycook - View Speech

View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill (Third sitting)

Speech in Public Bill Committees - Thu 18 Nov 2021
Nuclear Energy (Financing) Bill (Third sitting)

"The hon. Gentleman pre-empts what I will come on to say. We are keenly aware of the need to differentiate different types of companies, which is why, thankfully, the Chair has allowed me to group this amendment with amendment 1, which clearly defines what we mean by “owned by a …..."
Matthew Pennycook - View Speech

View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill (Third sitting)

Speech in Public Bill Committees - Thu 18 Nov 2021
Nuclear Energy (Financing) Bill (Third sitting)

"I take the point about the National Security and Investment Act. The Minister will know that that was given Royal Assent only in 2021. The strategic investment agreement that applies to Sizewell C was signed off—agreed—in October 2016. I think that I am right in saying that the National Security …..."
Matthew Pennycook - View Speech

View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill (Third sitting)

Speech in Public Bill Committees - Thu 18 Nov 2021
Nuclear Energy (Financing) Bill (Third sitting)

"I would like to pick up and press the Minister on the thrust of amendments 2 and 1, which is a consequential amendment. I take what he is saying about the purpose of the Bill being to attract, potentially, more UK investment—we do not know how much, but potentially—and about …..."
Matthew Pennycook - View Speech

View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill (Third sitting)

Speech in Public Bill Committees - Thu 18 Nov 2021
Nuclear Energy (Financing) Bill (Third sitting)

"If the Minister is unhappy with our language, will he undertake to introduce Government language on Report that satisfies that differentiation?..."
Matthew Pennycook - View Speech

View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill (Third sitting)

Speech in Public Bill Committees - Thu 18 Nov 2021
Nuclear Energy (Financing) Bill (Third sitting)

"The Minister is being incredibly generous in giving way, which I appreciate. On the basis of what he just said, could CGN continue to be involved in a future project as long as those two criteria were met for that project, whatever it might be?..."
Matthew Pennycook - View Speech

View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill (Third sitting)

Speech in Public Bill Committees - Thu 18 Nov 2021
Nuclear Energy (Financing) Bill (Third sitting)

"I thank the Minister for his response. I also very much welcome his opining on the sanctity of the UK-EU trade and co-operation agreement—a refreshing change.

I agree with the Minister entirely that we are aligned on the importance of national security in our critical national infrastructure, but I am …..."

Matthew Pennycook - View Speech

View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill (Third sitting)

Speech in Commons Chamber - Tue 16 Nov 2021
Oral Answers to Questions

"In a speech last month to the Energy UK conference, the Secretary of State made the case for a decisive shift towards clean energy and away from what he termed “volatile fossil fuels”, on which he said

“we are still very dependent, perhaps too dependent”.

Will he therefore explain how …..."

Matthew Pennycook - View Speech

View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Oral Answers to Questions

Speech in Commons Chamber - Wed 03 Nov 2021
Nuclear Energy (Financing) Bill

"My apologies, Mr Deputy Speaker; I thought that another contributor was waiting to speak before me.

It is a pleasure to wind up the Second Reading debate for the Opposition. Notwithstanding the somewhat overly partisan opening from the Minister of State, who came along, as he often does, with a …..."

Matthew Pennycook - View Speech

View all Matthew Pennycook (Lab - Greenwich and Woolwich) contributions to the debate on: Nuclear Energy (Financing) Bill