Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the National Wealth Fund (a) conducted due diligence on alternative pipeline route and junction location options and (b) commissioned an independent engineering assessment of alternative junction locations for the meeting point of pipeline Sections 3 and 4 before investing in Peak Cluster Limited.

The National Wealth Fund (NWF) is operationally independent in regard to its investment decisions. The NWF undertakes extensive due diligence in line with commercial investor assessment standards, processes and quantification methodologies, to ensure that taxpayer funds are deployed safely, represent value for money, and support technically and commercially viable projects.

As part of this process, the NWF considers all relevant design, technical and delivery risks associated with proposed projects. Details of individual assessments, including any consideration of specific design or routing options, remain commercially sensitive.