Energy Profits Levy: North-east Scotland Debate
Full Debate: Read Full DebateScott Arthur
Main Page: Scott Arthur (Labour - Edinburgh South West)Department Debates - View all Scott Arthur's debates with the HM Treasury
(1 day, 19 hours ago)
Commons ChamberI will first take the intervention from my hon. Friend the Member for Edinburgh South West (Dr Arthur).
I thank the Minister for giving way, but I note that he took my intervention second rather than first—I am not offended!
On the position in Scotland, it is worthing remembering that Scotland’s Deputy First Minister said at the SNP party conference at the weekend that the Scottish Government want to scrap the EPL—sorry, I meant they want to replace it with something else. But, of course, she did not say what that something else was; it is slightly cowardly not to define that detail.
The Minister was talking about the strength of the renewables sector in the UK and how it is growing under this Government, and we all appreciate and welcome that, but that sector also needs continuity and a stable framework to work within. Does he therefore share my concern about the Opposition taking the decision to ditch the Climate Change Act, which has really unsettled the whole industry?
I believe the hon. Member for Moray West, Nairn and Strathspey (Graham Leadbitter) was slightly quicker in standing up than my hon. Friend.
I do understand my hon. Friend’s points. It is very important not to be cowardly in politics, which is why I will make sure that we come forward as fast as we can to set out the approach after the EPL is set to end. This Government, under the leadership of a whole range of Cabinet Ministers, is making sure that we can provide that long-term certainty, not chopping and changing when it comes to our policies on net zero.
The hon. Member for Gordon and Buchan mentioned energy security, which links to the challenge we have with energy bills. It is worth recognising the truth that, even if we extracted every single drop of oil and gas in the North sea, that would not make any material difference to people’s energy bills or the prices that people pay at the pump. Oil and gas are traded on international markets, and given the declining basin on the UK continental shelf, domestically produced oil and gas do not do anything to reduce prices. In fact, it is our reliance on oil and gas that leaves British consumers exposed to unstable fossil fuel markets.
In closing, this Government are determined to provide a balance—