Richard Foord

I know that this is a local matter for the hon. Member, so he will be interested in my response. The Liberal Democrats are concerned about emissions resulting from the greater extraction of fossil fuels, both in UK waters and around the world. For oil in particular, the extraction exercise is pointless, given that we are exporting it so that other countries can refine it and take profits from it. The hon. Member for Boston and Skegness (Richard Tice) referred to a similar point, and he made repeated references to treasure. For those who know the story “Treasure Island”, he is the Squire John Trelawney of this House: a rich landowner who pays for the ship, but talks too much and trusts the wrong people. There is a real danger that investment in fracking will be a catastrophic mistake, as the fuels, facilities and resources become stranded assets. There is a real risk that they will lose their value prematurely as the tide of renewable technology advances around them. To finish where I started, I am concerned about the Conservative party’s journey towards political extinction. Polling suggests that support for any fracking is a complete misreading of where our constituents are. We Liberal Democrats could quietly gloat that the Conservative party has misread the room and enjoy the electoral dividends that that brings, but we would much rather that it returned to the consensus. Climate change is one of the gravest issues that our generation of politicians has been sent to this House to tackle. Let us not make a catastrophic mistake.