Michael Shanks

Michael Shanks

Labour — Rutherglen

Speaking in the House of Commons on 13 January 2025

Debate

Gas Storage Levels

Contribution

I take issue with two of those points. First, in the past decade, 100,000 jobs have already been lost from the oil and gas industry, and that happened under a Government whom the hon. Gentleman supported. The industry is changing. We are putting in place a robust set of plans to help the workforce into the jobs of the future, rather than burying our heads in the sand and pretending that the basin in the North sea is not super-mature. Secondly, even if we were to extract more gas from our continental shelf, given that it is traded on an international market, and the pricing is set not by us but by the international market, we would continue to pay more for it, whether or not it came from the North sea, so that would not deal with the pricing issue reflected in the hon. Gentleman’s question.

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