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4,729 recent contributions in Hansard
HANSARDNuclear Energy (Financing) BillMy Lords, the Bill establishes a new funding model for new nuclear projects, known as a regulated asset base—RAB—model. This funding model would allow a company to receive funding…21 Feb 2022HANSARDNuclear Energy (Financing) BillWhen we have announcements to make on those areas, I am sure the noble Baroness will be here to question me, but I am not in a position to release the names at the moment. The…21 Feb 2022HANSARDNuclear Energy (Financing) BillI start by thanking all noble Lords who contributed to this excellent debate. I was encouraged by the widespread support for the Bill across the House, with the honourable…21 Feb 2022HANSARDNuclear Energy (Financing) BillThese matters are subject to future negotiations. I will come back to the noble Lord on that. I have addressed most of the points made in the debate. I am encouraged by the…21 Feb 2022HANSARDNorth Sea Oil and GasI thank the noble Baroness for her question. She is right: we intend to introduce a climate-compatibility checkpoint for all new licences, which will be used to assess whether any…10 Feb 2022HANSARDNorth Sea Oil and GasThe noble Lord makes an excellent point. Regarding energy, first, it takes many years to develop new sources—sometimes even tens of years—and, secondly, we need diversity of…10 Feb 2022HANSARDNorth Sea Oil and GasIndeed, my noble friend makes a very good point. The House will shortly have the opportunity to consider the Nuclear Financing Bill, which has its Second Reading on 21 February, I…10 Feb 2022HANSARDNorth Sea Oil and GasYes, I realise that it is counterintuitive but supplies are required in different parts of the country. We are importing and exporting. The corollary to the noble Lord’s question…10 Feb 2022HANSARDNorth Sea Oil and GasFirst, I agree with the noble Lord that it is much more sensible to use our own domestic resources, rather than LNG. However, the reality is that, throughout this period, the UK…10 Feb 2022HANSARDNorth Sea Oil and GasNo, these decisions remain a matter for the UK Government. The noble Lord makes a good point. It is sad to see the reaction of the Scottish Government in not being totally…10 Feb 2022HANSARDNorth Sea Oil and GasI totally agree with my noble friend. I know he speaks with great authority on this matter as a former Energy Minister. As I just said in response to the noble Lord, Lord Fox, we…10 Feb 2022HANSARDNorth Sea Oil and GasOf course, I leave all tax decisions to the Chancellor. But, again, I think that the noble Baroness is wrong and looking at this too simplistically. First, most of the profits…10 Feb 2022HANSARDNorth Sea Oil and GasThe noble Baroness makes some good points. As I said in response to my noble friend earlier, we keep these matters under review. If it can be demonstrated that fracking can be…10 Feb 2022HANSARDNorth Sea Oil and GasNo, we are not reviewing our position, is the short answer to my noble friend’s question. Let me explain this issue: there is currently a moratorium on fracking because of the…10 Feb 2022HANSARDSubsidy Control BillIt’s interesting stuff, this. I suspect that the noble Lord, Lord Berkeley, is not going to get an invitation to an investiture. Anyway, the ownership of the Duchy of Cornwall is…09 Feb 2022HANSARDSubsidy Control Bill09 Feb 2022HANSARDSubsidy Control BillOr Labour supporters.09 Feb 2022HANSARDAdvanced Research and Invention Agency BillThat this House do not insist on its Amendment 1, to which the Commons have disagreed for their Reason 1A.09 Feb 2022HANSARDAdvanced Research and Invention Agency BillMy Lords, before turning to the substance of the amendment, I thought it would be a good time to address briefly the other major milestone in the creation of ARIA that we have…09 Feb 2022HANSARDSubsidy Control BillYes, of course, they would be able to recover damages if a party had suffered a loss. I do not think that we have any estimates of likely figures at this stage but, if we have…09 Feb 2022