VoteClimate: Economic Update - 3rd February 2022

Economic Update - 3rd February 2022

Here are the climate-related sections of speeches by MPs during the Commons debate Economic Update.

Full text: https://hansard.parliament.uk/Commons/2022-02-03/debates/C5CCE4F1-1C96-47FA-B57E-B2701F67A099/EconomicUpdate

11:41 Rachel Reeves (Labour)

With regard to the hon. Gentleman’s broader points on the North sea, there is a clear point of difference between us on the Government side of the House and the SNP. We believe in the future of the North sea, in the oil and gas industry, and in the 200,000 jobs it supports, and we want to ensure it plays an important part in our transition to net zero. I hope he can see that that is the right thing for Scotland and will join us in supporting that very important industry.

My hon. Friend is absolutely right about some of the failures of policy that the Labour party propagated in power. That is being fixed by my right hon. Friend the Secretary of State of Business, Energy and Industrial Strategy. We are investing not just in new nuclear, as he said, with billions of pounds at the spending review, but in offshore wind, and—as he knows in his part of the world—carbon capture and storage and hydrogen, where Teesside is playing a starring role in that green energy revolution.

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