Extract from oral answer (Lords) on Climate Change - Dec 14
Tuesday, 15 December 2020 07:44
Baroness Sheehan (LD): My Lords, I welcome the fact that the
Government are ending support for fossil-fuel projects in
developing countries, but here at home the Oil and Gas Authority’s
remit remains to extract every last drop through its “maximising
economic revenue” policy. Does the Minister agree that this is
incompatible with the Climate Change Act and our leadership of COP
26 next year? Will he and the Government support my Private
Member’s Bill, the Petroleum (Amendment) Bill,...Request free trial
(LD):
My Lords, I welcome the fact that the Government are ending support
for fossil-fuel projects in developing countries, but here at home
the Oil and Gas Authority’s remit remains to extract every last
drop through its “maximising economic revenue” policy. Does the
Minister agree that this is incompatible with the Climate Change
Act and our leadership of COP 26 next year? Will he and the
Government support my Private Member’s Bill, the Petroleum
(Amendment) Bill, which seeks to rectify this?
The Parliamentary Under-Secretary of State, Department for
Business, Energy and Industrial Strategy () (Con): No, I do
not agree with the noble Baroness. The oil and gas industry employs
tens if not hundreds of thousands of people. It recognises the
challenge, and the Government need to work with that to help it in
the transition.
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