Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of including oil refining within the UK Carbon Border Adjustment Mechanism.
The government recognises that refineries play a role in energy security and the UK’s industrial base, and will publish a call for evidence on the fuel sector. The government is also considering the feasibility and impacts of including refined products in the Carbon Border Adjustment Mechanism (CBAM) in future.