Net Zero Targets: Business and Investors

Question

What recent discussions have you had with businesses and investors on the Government's net zero targets?

Question

Car makers warned what would happen before the Government delayed the end date for the sale of new petrol and diesel cars. Sales of new electric cars are down by 19% in the latest figures from the Society of Motor Manufacturers and Traders. Why did the Government not listen to the warnings from business? Do they not want people to benefit from cheaper travel?

Question

Eight in 10 of the large energy companies recently surveyed by the UK Sustainable Investment and Finance Association agreed that the UK is falling behind in the race to become the most investable market for low-carbon technologies. What steps will the Minister take to reassure the clean energy industry that the UK is serious about the transition to net zero, which must include moving away from a commitment to max out oil and gas production?

Question

Does the Minister agree that it is economic madness to pursue our current ruthless net zero agenda, outsourcing carbon production to the likes of China and forcing us to pay more to heat our homes and power our economy? We must put the British taxpayer first.

Question

The Zero Carbon Humber projects are a vital part of the country's achieving its net zero target. However, there is concern among potential investors—particularly in connection with the carbon cluster projects—that the Government are moving a little too slowly. Will the Minister reassure those businesses that the timetable will be honoured?

Question

I welcome the Minister to his post. I think he is struggling a little bit to get with the programme, but hopefully he will soon be on message. [Hon. Members: “Oh!”] That was in terms of his answer to the question about being anti-net zero. The Department confirmed last month that curtailment payments cost a whopping £1.4 billion last year. That is bill payers' money being used to pay providers to switch off wind power and switch on gas. Why should people be paying even more on their energy bills to switch off cleaner and cheaper energy because the Government have failed to deliver the net zero capacity that we need?

Question

I look forward to hearing the Minister's predictions of what the curtailment payments will be in the coming year, because they were up for the previous year. In a survey of energy industry leaders, nearly 90% said that we need new policies to make the UK more attractive to investors. Nearly two thirds are moving investment out of the UK, and three quarters blame a lack of clarity from this Government on net zero. Is it not time for Ministers and Back Benchers to drop the culture war and put British industry and jobs first?