Michael Shanks

Michael Shanks

Labour — Rutherglen

Speaking in the House of Commons on 15 June 2026

Debate

Carbon Capture Pipeline Projects: Cheshire

Contribution

My hon. Friend makes a very important point. The National Wealth Fund is independent in the decisions it makes. It has clearly made decisions based on the Government’s ambitions on carbon capture, but on this particular project it made investment independent of my Department, which has not made any funding commitments to the Peak project. That should be seen as just a decision for the National Wealth Fund and not as any wider support from the Government at this stage.

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