Extract from PMQs: North Sea Transition Deal - Sep 22
Thursday, 23 September 2021 07:25
Stephen Farry (North Down) (Alliance): Without a green new deal,
the Government are struggling to meet their carbon reduction
targets under the Paris agreement. At the same time, the
international energy industry is making it clear that there should
not be any new exploitation of oil or gas fields if the world does
not meet the 2050 target for carbon neutrality. Yet the Government
are potentially investing in the new Cambo oilfield in the North
sea and also supporting other oilwells across...Request free trial
(North Down) (Alliance): Without a green new
deal, the Government are struggling to meet their carbon reduction
targets under the Paris agreement. At the same time, the
international energy industry is making it clear that there should
not be any new exploitation of oil or gas fields if the world does
not meet the 2050 target for carbon neutrality. Yet the Government
are potentially investing in the new Cambo oilfield in the North
sea and also supporting other oilwells across the UK. How can the
Government have any credibility when they made a pledge to cease
funding oil and gas companies yet this is still going
ahead?
The Deputy Prime Minister: I thank the hon.
Gentleman for his question. We launched the landmark
North Sea Transition Deal to
transform the oil and gas sector in preparation for net zero, so we
have a plan. We have also secured record investment in wind power
totalling close to half a billion pounds. We have a world-leading
hydrogen strategy, and we are the first major economy in the world
to set net zero into law. On Monday at the UN General Assembly, the
Prime Minister announced £550 million of official development
assistance that will be allocated to support developing countries
to meet net zero. We are leading by example at home and
abroad.
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