Michael Shanks

Michael Shanks

Labour — Rutherglen

Speaking in the House of Commons on 10 February 2025

Debate

Rosebank and Jackdaw Oilfields

Contribution

My hon. Friend’s point about investor confidence is important. Investors lost all confidence in this country under the previous Government; not quite knowing who was going to be in No. 10 or No. 11 at any given moment certainly did not help investor confidence. We are building back that confidence, and have already seen tens of billions of pounds in investment since we came to power, and 70,000 new jobs. It matters that this country takes a leadership role on climate, because the transition that we want to deliver here is also being delivered right across the world. The country with the fastest transition to clean power last year was China. In some cases, Members of this Parliament are trying to row back on our net zero commitments. We are determined to double down on those commitments, because that is the best way to deliver stability and energy security, bring down bills and create the industrial future and jobs that this country needs.

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